On June 17, 2024, the IRS issued Fact Sheet 2024-22, which includes nine FAQs about educational assistance programs. The Fact Sheet also links to a sample program document for employers. As background ...

The IRS has answered some frequently asked questions (FAQs) related to distributions from retirement plans, IRAs, and retirement plan loans for individual taxpayers impacted by federally declared ...

On April 16, 2024, the IRS issued Fact Sheet 2024-13, which includes FAQs addressing the tax treatment of employer-provided work-life referral services. The FAQs generally provide that the value of ...

The Internal Revenue Service (IRS) released an updated frequently asked questions document for taxpayers and tax professionals this week regarding Form 1099-K, which is used to report income for ...

The Internal Revenue Service has issued frequently asked questions about the tax treatment of work-life referral services provided to employees under an employer's program. Processing Content A ...

The IRS updated its frequently asked questions concerning the child tax credit this week, adding six more questions to a fact sheet posted on the agency’s website. See: 50 Ways You’re Throwing Money ...

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on the new Form 1099-DA. The FAQ page, posted last week on IRS.gov, explains the ...

Inaccurate—and even fraudulent—employee retention credit (ERC) claims have long been creating headaches at the IRS. The One Big Beautiful Bill (OBBB) made changes designed to alleviate IRS’ burden ...

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. Accordingly, these FAQs may not address any particular taxpayer’s specific ...

The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2026-10 related to educational assistance programs. An employee’s gross income does not include educational ...