Tag: internal_revenue_service
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Treasury and IRS Propose Rules to Tighten Premium Tax Credit Eligibility
The proposed regulations would restrict the credit to U.S. citizens, nationals and certain lawfully present noncitizens beginning in 2027 and add new verification criteria for advance payments.
Politics and GovernmentHealthBusinessUSAFederal GovernmentWhite HouseEconomyLegal Premium Tax CreditInternal Revenue ServiceWorking Families Tax CutsScott BessentMehmet OzAffordable Care ActTax CreditsU.S. Department of the TreasuryCenters for Medicare & Medicaid ServicesHealth Insurance ExchangesUS Treasury
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and community partners ahead of the upcoming filing season, citing 84,500 volunteers who filed nearly 2.9 million returns in 2026.
Politics and GovernmentBusinessUSAFederal GovernmentEconomySocial IssuesEmployment and Labor Internal Revenue ServiceVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanotax preparationvolunteerscommunity partners
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and partners ahead of the coming filing season, citing 84,500 volunteers who filed nearly 2.9 million free returns in 2026.
Politics and GovernmentBusinessFederal GovernmentEconomySocial IssuesEmployment and Labor Internal Revenue ServiceVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanotax preparationvolunteerscommunity partners
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and partners ahead of the coming filing season, citing 84,500 volunteers who filed nearly 2.9 million free returns in 2026.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyEmployment and LaborSocial Issues Internal Revenue ServiceVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanotax preparationvolunteerscommunity partners
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and partners ahead of filing season, citing 84,500 volunteers who filed nearly 2.9 million free returns in 2026.
Politics and GovernmentBusinessFederal GovernmentEconomyEmployment and LaborSocial Issues Internal Revenue ServiceVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanofree tax preparationtax volunteerscommunity partnerships
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Treasury and IRS Propose Rules for First Federal School Choice Tax Credit
Treasury and IRS issue proposed regulations for the Education Freedom Tax Credit, offering up to $3,400 per married couple for K-12 scholarship contributions starting January 1, 2027.
Politics and GovernmentBusinessUSAFederal GovernmentWhite HouseEducationLegalEconomy Education Freedom Tax CreditInternal Revenue ServiceU.S. Department of the TreasuryScholarship Granting Organizationsschool choicesection 25FScott Bessent
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Treasury and IRS Propose Rules for First Federal School Choice Tax Credit
Treasury and IRS issue proposed regulations for the Education Freedom Tax Credit, offering up to $3,400 for married couples and launching America's first nationwide school choice program in 2027.
Politics and GovernmentBusinessUSAFederal GovernmentWhite HouseEducationLegalEconomy Education Freedom Tax CreditFederal Scholarship Tax Creditsection 25FScholarship Granting Organizationsschool choiceInternal Revenue ServiceScott Bessent
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Treasury and IRS Issue Proposed Rules for First Nationwide School Choice Tax Credit
Treasury and IRS propose regulations for the Education Freedom Tax Credit, offering up to $3,400 per couple for K-12 scholarship contributions starting January 1, 2027.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyEducationLegal Education Freedom Tax CreditU.S. Department of the TreasuryInternal Revenue Serviceschool choiceScholarship Granting OrganizationsScott BessentLinda McMahonUS Treasury
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Ivey Halts Dyed Diesel Enforcement for 120 Days to Aid Alabama Farmers and Timber Operators
Governor Kay Ivey directs ALEA to pause enforcement on tax-exempt dyed diesel fuel for 120 days, citing sharp diesel price increases, and seeks IRS penalty relief for farmers and timber operators.
Politics and GovernmentBusinessUSAState GovernmentsAgricultureEnergyEconomyLaw Enforcement Kay IveyAlabama Law Enforcement Agencydyed diesel fuelAlabama agriculturetimber industryHal TaylorInternal Revenue ServiceAlabama Governor's Office
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IRS Establishes New Office for Conservation Easements, Revamps Settlement Process
The IRS has established a new Office of Conservation Easements to centralize expertise and revise its settlement process. This change ends uniform settlement offers, allowing for more tailored resolutions for complex conservation and historic preservation tax cases.
Politics and GovernmentUSAFederal GovernmentGeneral PoliticsLegalEconomy Internal Revenue ServiceConservation EasementsTax AdministrationSettlement ProcessHistoric PreservationValuation IntegrityGovernment Policy
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Frank Bisignano to Lead Next Phase of Trump Accounts Expansion
The U.S. Treasury has appointed Frank Bisignano to spearhead the next phase of the Trump Accounts program, aiming to onboard millions more American children. This follows strong early participation with over 6.5 million families already signed up.
Politics and GovernmentBusinessFederal GovernmentEconomySocial Issues Frank BisignanoU.S. Department of the TreasuryTrump AccountsInternal Revenue ServiceSocial Security AdministrationWashingtonGovernment ProgramsUS Treasury
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Treasury, IRS Offer Relief to Sovereign Investors on Tax Regulations
The Treasury and IRS issued guidance for Section 892 regulations, offering grandfathering and transitional relief to foreign governments and sovereign wealth funds. This aims to provide certainty for U.S. investments and support economic growth.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsLegal U.S. Department of the TreasuryInternal Revenue ServiceSection 892Sovereign InvestorsTaxationInvestingGovernmentUS Treasury
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Florida Woman Pleads Guilty in Multi-State Bank Fraud Scheme
A Florida woman pleaded guilty to bank fraud conspiracy in Rochester, N.Y., involving stolen and counterfeit checks totaling over $200,000. She faces up to five years in prison and agreed to pay restitution.
Law EnforcementBusinessLegalEconomyFederal GovernmentBanking Renee M. ThompsonBank fraudConspiracyRochester, N.Y.Federal Bureau of InvestigationInternal Revenue ServiceFinancial CrimeFBI
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IRS CEO and Senator Moreno Tout Working Families Tax Cuts in Ohio
IRS CEO Frank J. Bisignano and Senator Bernie Moreno visited Ohio to highlight the Working Families Tax Cuts Act, emphasizing provisions for no tax on car loan interest, overtime pay, and enhanced deductions for seniors.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentEconomyEmployment and Labor Frank J. BisignanoBernie MorenoOhioWorking Families Tax Cuts ActTax DeductionsInternal Revenue ServiceEconomic Policy
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IRS Opens 2027 Grant Applications for Low Income Taxpayer Clinics
The IRS is accepting applications for matching grants of up to $200,000 to fund Low Income Taxpayer Clinics in 2027. The program seeks to expand pro bono tax representation and education, with special consideration for underserved communities.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalEducationSocial Issues Personal TaxesGovernmentInternal Revenue ServiceLow Income Taxpayer ClinicGrant ApplicationsTaxpayer Advocate ServicePro Bono Representation
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IRS Seeks Applicants for 2027 Advisory Council Membership
The Internal Revenue Service is seeking qualified volunteers to serve three-year terms on its advisory council starting in 2027. Applications are open until June 5, 2026, for tax professionals and advocates to help advise IRS leadership on key administration issues.
Politics and GovernmentBusinessFederal GovernmentEconomyLegal TaxesGovernmentPersonal TaxesInternal Revenue ServiceIRSACTax AdministrationVolunteers