Friday, December 29, 2023

QuickAlerts - Technical New Modernized e-File (MeF) Business Returns Schema and Business Rules are Available.

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QuickAlerts for Tax Professionals December 29, 2023

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Subject:  New Modernized e-File (MeF) Business Returns Schema and Business Rules are Available.


Attention: Software Developers, Return Transmitters and Authorized IRS e-file Providers/EROs.

Tax Years 2021-2024 Processing Year 2024 Schemas and Business Rules are available.

Current Year Schemas and Business Rules:

  • Form 940 Annual                TY 2023v2.0
  • Form 944 Annual                TY 2023v2.0
  • Form 945 Annual                TY 2023v2.0

Current Year Business Rules Change Pages Only:

  • Form 94x Quarterly            TY 2024v1.0
  • Form 1065                          TY 2023v5.0
  • Form 1120x                        TY 2023v5.0
  • Form 2290                          TY 2023v1.0
  • Form 8849                          TY 2024v1.0
  • Form 7004                          TY 2023v1.0

Prior Year Business Rules Change Pages Only:

  • Form 940/940PR Annual          TY 2021v2.0
  • Form 943/943PR Annual          TY 2021v2.0
  • Form 944 Annual                      TY 2021v2.0
  • Form 945 Annual                      TY 2021v2.0
  • Form 940/940PR Annual          TY 2022v2.0
  • Form 943/943PR Annual          TY 2022v2.0
  • Form 944 Annual                      TY 2022v2.0
  • Form 945 Annual                      TY 2022v2.0
  • Form 941/941SSPR Quarterly  TY 2022Q1v2.0
  • Form 941/941SSPR Quarterly  TY 2022Q2v3.0
  • Form 941/941SSPR Quarterly  TY 2022Q3v3.0
  • Form 941/941SSPR Quarterly  TY 2022Q4v3.0
  • Form 941/941SSPR Quarterly  TY 2023Q1v2.1
  • Form 941/941SSPR Quarterly  TY 2023Q2v2.1
  • Form 941/941SSPR Quarterly  TY 2023Q3v2.1
  • Form 941/941SSPR Quarterly  TY 2023Q4v2.1
  • Form 1065                                 TY 2021v4.4
  • Form 1065                                 TY 2022v4.2
  • Form 1120x                                TY 2021v4.4
  • Form 1120x                                TY 2022v5.3
  • Form 2290                                  TY 2021v2.0
  • Form 2290                                  TY 2022v2.0
  • Form 8849                                  TY 2022v2.0
  • Form 8849                                  TY 2023v1.1

Note: If only minor changes occur, Software Developers are not required to use the new version. If the major number changes, all software must reflect the new version.

Please visit the Modernized e-file (MeF) Schemas and Business Rules page on IRS.gov for more information about Schemas and Business Rules.

Software Developers and State organizations may download Schemas and Business Rules from their e-Services mailbox. To access these files, the following is needed:

  • Active e-Services account
  • Listed on an e-File application with the provider option of Software Developer or State
  • Software Developer must have an associated tax type of 94x and 1065.

You may have several messages in your account. Please open all of them to find the set you would like to download. After 60 days the messages are purged. If you have the appropriate role and do not have these files available for download within 48 hours, please contact the MeF Mailbox with the Company Name, ETIN and Schema Package(s) with Tax Year needed.

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IR-2023-253: Treasury, IRS request public comments on product identification number requirement to claim the Energy Efficient Home Improvement Credit

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Issue Number:    IR-2023-253

Inside This Issue


Treasury, IRS request public comments on product identification number requirement to claim the Energy Efficient Home Improvement Credit

IR-2023-253, Dec. 29, 2023

WASHINGTON — The Department of the Treasury and the Internal Revenue Service issued Notice 2024-13 announcing that the IRS intends to propose regulations to implement the product identification number (PIN) requirement with respect to the energy efficient home improvement credit.

Beginning Jan. 1, 2023, the energy efficient home improvement credit allows for a credit, subject to certain limitations and caps, equal to 30% of the total amount paid by the taxpayer for certain qualified expenditures, including:

  • Qualified energy efficiency improvements installed during the year,
  • Residential energy property expenditures during the year, and
  • Home energy audits during the year.

The credit is allowed for qualifying property placed in service on or after Jan.1, 2023, and before Jan. 1, 2033.

Beginning on Jan. 1, 2025, taxpayers claiming the credit must also satisfy the PIN requirement for certain categories of products. Under this requirement, an item will only qualify for the energy efficient home improvement credit if the item is produced by a qualified manufacturer, and if the taxpayer includes the qualified PIN of the item on their tax return.

Notice 2024-13 requests comments on a number of general and specific questions relating to this PIN requirement and also outlines a PIN assignment system that the IRS is considering. Any comments received will assist in the development of the proposed regulations to implement the PIN requirement.

Written comments should be submitted by Feb. 27, 2024. Consideration will be given to any written comment received after Feb. 27, 2024, if the consideration will not delay the issuance of guidance.

More information about IRA guidance may be found on the Inflation Reduction Act of 2022 webpage.

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IRS video tax tip: Estimated Tax Payments

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IRS Tax Tips December 29, 2023

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Issue Number:  Estimated Tax Payments


Here is a video tax tip from the IRS:

Estimated Tax Payments English | Spanish | ASL

Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics.

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Consejo en video del IRS: Pagos de impuestos estimados

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Consejos Tributarios del IRS 29 de diciembre de 2023

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Edición Número: Pagos de impuestos estimados

En Esta Edición


Aquí un consejo en video del IRS:

Pagos de impuestos estimados español | inglés | ASL

Suscríbase hoy: Los canales del IRS en YouTube brindan videos cortos e informativos en una variedad de temas tributarios en español, inglés y ASL.

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Thursday, December 28, 2023

How additional users can access entity’s IRS Energy Online Account

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e-News for Clean Vehicle Industry December 28, 2023

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How additional users can access entity's IRS Energy Online Account

Additional users must request access their entity's IRS Energy Online account.

 Follow the steps below to request and receive access:  

  • Each additional user will need an ID.me account. If they do not have one, they must create one.
  • The user should then register to request access to thier entity's IRS Energy online account at gov/cvregister
  • Once you submit the request notify the "super user" or "Clean Energy Officer" to approve your request by visiting the "mange business users" tab of the entity's account.  

For more information see Publication 5902: Permission Management and Additional Authorization User Guide    

 

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