IR-2024-248: IRS extends relief to farmers and ranchers impacted by drought in 41 states, other regions

IRS Newswire September 30, 2024
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:    IR-2024-248 Inside This Issue IRS extends relief to farmers and ranchers impacted by drought in 41 states, other regions WASHINGTON − The Internal Revenue Service today issued guidance providing tax relief for farmers and ranchers in applicable regions forced to sell or exchange livestock because of drought conditions. Under the guidance, farmers and ranchers may have an extended period of time to replace their livestock and defer tax on any gains from the forced sales or exchanges. Notice 2024-70 provides a list of the applicable areas, by county or other jurisdiction, designated as eligible for federal assistance. The list includes 41 states and other regions for which drought was reported during the 12-month period ending on Aug. 31, 2024. The tax relief generally applies to capital gains realized by eligible farmers and ranchers on sales or exchanges of livestock held for draft, dairy or breeding purposes. Sales of other livestock, such as those raised for slaughter or held for sporting purposes, or poultry, are not eligible. The livestock sales or exchanges must be solely due to drought causing an area to be designated as eligible for federal assistance. Livestock generally must be replaced within a four-year period, instead of the usual two-year period. The IRS is authorized to further extend this replacement period if the drought continues. The replacement period extension announced in the notice gives eligible farmers and ranchers four years until the end of their first tax year after the first drought-free year to replace the sold or exchanged livestock. As a result, eligible farmers and ranchers whose drought-sale replacement period was scheduled to expire at the end of 2024 will have until the end of their next tax year to replace the sold or exchanged livestock. The IRS provides this extension to eligible farmers and ranchers if the applicable region is listed as suffering exceptional, extreme or severe drought conditions during any week between Sept. 1, 2023, and Aug. 31, 2024. This determination is made by the National Drought Mitigation Center. Details, including an example of how this provision works, can be found in Notice 2006-82, available on IRS.gov. More information on reporting drought sales and other farm-related tax issues can be found in Publication 225, Farmer's Tax Guide, available on IRS.gov. Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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IR-2024-247: Independent Office of Appeals Secure Messaging Program Office launches ‘Corporate Group Mailbox’ pilot for large business taxpayers with multiple representatives

IRS Newswire September 30, 2024
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:    IR-2024-247 Inside This Issue Independent Office of Appeals Secure Messaging Program Office launches 'Corporate Group Mailbox' pilot for large business taxpayers with multiple representatives WASHINGTON — The Internal Revenue Service's Independent Office of Appeals (Appeals) today launched a pilot program as part of the IRS' ongoing transformation efforts to expand online tools and improve user experiences. From Sept. 30, 2024, through March 31, 2025, Appeals' Secure Messaging Program Office is piloting "Corporate Group Mailboxes" to enhance secure messaging for large business taxpayers with multiple representatives. The new feature allows eligible business taxpayers with a team of representatives to request a Group Mailbox to communicate with the Appeals employee assigned to their case. Corporate Group Mailboxes will help Appeals deliver: Prompt taxpayer service with 24/7 online access to secure digital messages. Streamlined communication with central access available for multiple authorized individuals. Secure records sharing.  Faster case resolution.   Corporate Group Mailboxes must be established manually by Appeals. Large business taxpayers represented by multiple individuals with an open case in Appeals should ask their assigned Appeals employee if this is available for them. Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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QuickAlerts - Technical - Annual System Update for the Modernized e-File (MeF) Assurance Testing System (ATS)

Having trouble viewing this email? View it as a Web page.                                                                                                                                                  QuickAlerts for Tax Professionals September 27, 2024 e-file Resources QuickAlerts Library QuickAlerts Article QuickAlerts Brochure e-file for Tax Pros Software Developers IRS.gov Refund Information Other Useful Links Tax Professionals Home All Forms and Instructions Training and Communication Tools e-Services Disaster Relief Internal Revenue Bulletins Subject: Annual System Update for the Modernized e-File (MeF) Assurance Testing System (ATS) ATS Cutover October 15, 2024 – October 28, 2024 MeF ATS will be unavailable beginning Tuesday, October 15, 2024, 9:00 a.m. Eastern time until Monday October 28, 2024, 9:00 a.m. Eastern time. The ATS environment will be available for TY 2024 testing starting on Monday, October 28th. Please refrain from accessing the testing system during this maintenance window. Please monitor the MeF Operational Status page for future updates. Important Notes New R10.8 WSDLs (Web Service Definition Language) will be installed in ATS. Software developers will need to use the new WSDLs to connect to MeF A2A (Application to Application) services. A QuickAlerts bulletin was issued on August 20, 2024, with details on the WSDLs. Use "la.alt" URL (la.alt.www4) for the ATS environment, and use "la" main URL (la.www4) for the Production environment. Back to Top Thank you for subscribing to QuickAlerts for Tax Professionals, an IRS e-mail service. If you have an idea or a question related to QuickAlerts you can contact us by e-mail. Submissions which are not related to QuickAlerts will not be processed. If you have tax related questions you should pursue normal customer service channels provided on IRS.gov. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically. Please Do Not Reply To This Message.     Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS). This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535

Annual Self Certification 2024 and URL Registration

QuickAlerts for Tax Professionals September 27, 2024
e-file Resources QuickAlerts Library QuickAlerts Article QuickAlerts Brochure e-file for Tax Pros Software Developers IRS.gov Refund Information Other Useful Links Tax Professionals Home All Forms and Instructions Stakeholders Partners' Headliners Training and Communication Tools e-Services Disaster Relief Internal Revenue Bulletins	Subject: Annual Self Certification 2024 and URL Registration  ATTN: Authorized IRS e-file Providers/EROs This is a reminder that all Online Providers must complete the annual self-certification questions, beginning October 1, 2024, to ensure they comply with Publication 1345 IRS e-file security, privacy, and business standards. If you are an Authorized IRS e-file Provider who owns or operates a website(s) that collects, transmits, stores or processes taxpayer information, the IRS also requires you to register those the URL(s) on your e-file Application. The annual certification process includes the registration of these Websites. If you have not previously registered your URL(s), select the URL collection link on the e-file Application information page menu to register. Back to Top Thank you for subscribing to QuickAlerts for Tax Professionals, an IRS e-mail service. If you have an idea or a question related to QuickAlerts you can contact us by e-mail. Submissions which are not related to QuickAlerts will not be processed. If you have tax related questions you should pursue normal customer service channels provided on IRS.gov. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically. Please Do Not Reply To This Message.

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e-News for Small Business Issue 2024-19

ERC withdrawal, disallowance; energy credits new tool, proposed regs; Saver's Match; disaster relief

e-News for Small Business September 26, 2024
Tax Resources for Small Business Small Business Self-Employment Center Small Business Forms & Instructions Small Business Tax Workshops, Meetings and Seminars Webinars for Small Businesses E-file Employment Tax Forms Businesses with Employees Self-Employed Individuals Tax Center S Corporations Other Resources IRS Home Page A-Z Index for Business Forms, Instructions & Publications Filing Your Taxes Pay Online Taxpayer Advocate Service Retirement Plans for Small Entities and Self-Employed Tax Information for Charities and Other Non-Profits State Government Websites SSA/RS Reporter IRS Social Media	Issue Number: 2024-19 Inside This Issue IRS opens process for third-party payers to resolve incorrect ERC claims IRS shares directions for replying to ERC disallowance letter Energy Credits Online tool helps businesses claim credits Proposed regulations for the Alternative Fuel Vehicle Refueling Property Credit Submit comments on Saver's Match contributions notice Disaster tax relief Other tax news 1.  IRS opens process for third-party payers to resolve incorrect ERC claims The IRS opened a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit. This supplemental claim process lets a third-party payer that filed a prior claim with multiple clients "withdraw" only some clients while maintaining the claims of the qualifying clients. A supplemental claim is an adjusted employment tax return that allows a third-party payer to correct and/or consolidate previous claims that they filed on or before Jan. 31, 2024, if those claims have not yet been processed by the IRS. Third-party payers can submit a supplemental claim through Nov. 22, 2024. Back to top 2.  IRS shares directions for replying to ERC disallowance letter Businesses that claimed the Employee Retention Credit may have received IRS Letter 105-C if the IRS identified their claim as ineligible. Letter 105-C means the IRS disallowed, or denied, the Employee Retention Credit that a business claimed either as a refund or as a reduction of the tax owed for the tax period. The Understanding Letter 105-C, Disallowance of the Employee Retention Credit page on IRS.gov can help businesses learn about next steps if they disagree with the disallowance. This new page has information on: Rechecking eligibility for the credit before disagreeing Responding to the letter, including what documentation to send the IRS Requesting an appeal or filing suit and the timelines to do so Back to top 3.  Energy Credits Online tool helps businesses claim credits IRS Energy Credits Online, or IRS ECO, is a free electronic service that is secure, accurate and requires no special software. Vehicle sellers and dealers can use the new IRS Energy Credits Online tool to register their business and complete time of sale reports online. Qualified manufacturers can use it to submit eligible clean vehicle VINs. Qualifying businesses, tax-exempt organizations or entities such as state, local and Indian tribal governments can register using this tool to take advantage of the elective payment or transfer of credits. The IRS offers this platform and continues to modernize online tools with funding from the Inflation Reduction Act to help taxpayers take advantage of clean energy credits. Back to top 4.  Proposed regulations for the Alternative Fuel Vehicle Refueling Property Credit Treasury and the IRS issued proposed regulations to provide guidance for the Alternative Fuel Vehicle Refueling Property Credit. Taxpayers who install qualified vehicle refueling or electric vehicle recharging property in their home or business may be eligible for the Alternative Fuel Vehicle Refueling Property Tax Credit. The Inflation Reduction Act amended the credit. The changes apply to qualified alternative fuel vehicle refueling property placed in service after Dec. 31, 2022, and before Jan. 1, 2033. Back to top 5.  Submit comments on Saver's Match contributions notice Saver's Match contributions are a new approach to promoting retirement savings and an opportunity to improve the long-term financial security of low- to moderate-income Americans. To enhance the implementation of this new tax benefit, the IRS wants to hear from taxpayers and other stakeholders. Interested parties should provide comments on Saver's Match topics by Nov. 4, 2024. Back to top 6.  Disaster tax relief Louisiana The IRS offers tax relief for individuals and businesses in Louisiana, affected by Tropical Storm Francine that began on Sept. 10, 2024. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. Connecticut and New York The IRS offers tax relief for individuals and businesses in some Connecticut and New York counties affected by severe storms and flooding from torrential rainfalls that began on Aug. 18, 2024, or landslides and mudslides from these storms. These taxpayers now have until Feb. 3, 2025, to file various federal individual and business tax returns and make tax payments. The current list of eligible localities is always available on the Tax relief in disaster situations page on IRS.gov. Back to top 7.  Other tax news The following information may be of interest to individuals and groups in or related to small businesses: Proposed regulations: Corporate Alternative Minimum Tax Tribal General Welfare Benefits Treasury, IRS announce $1.3 billion recovered from high-income, high-wealth individuals under Inflation Reduction Act initiatives 2024 Service to the Citizen Awards: Taxpayer Services Chief Kenneth C. Corbin wins Government Executive of the Year Electronic Tax Administration Advisory Committee selects 10 new members Back to top         Thank you for subscribing to this IRS email service. This message was distributed automatically from the mailing list e-News for Small Business. Please Do Not Reply To This Message.

 

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IR-24-246: IRS opens new process for payroll companies, third-party payers to help clients resolve incorrect claims for the Employee Retention Credit

IRS Newswire Sept. 26, 2024
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:    IR-2024-246 Inside This Issue IRS opens new process for payroll companies, third-party payers to help clients resolve incorrect claims for the Employee Retention Credit WASHINGTON — The Internal Revenue Service announced today that the agency is opening a supplemental claim process to help third-party payers and their clients resolve incorrect claims for the Employee Retention Credit. Third-party payers report and pay clients' federal employment taxes under the third-party payer's Employer Identification Number. They handle clients' payroll and tax reporting duties. Some of these TPPs filed ERC claims for multiple employers. If a third-party payer's client has since determined it is ineligible for the ERC and wants to resolve their claim, it is the third-party payer that needs to correct it. This supplemental claim process lets a third-party payer that filed a prior claim with multiple clients "withdraw" only some clients while maintaining the claims of the qualifying clients. "The supplemental claim program is a critical step to improve the IRS's ability to process Employee Retention Credit claims for this more complex segment of taxpayers," said IRS Commissioner Danny Werfel. "As we continue to accelerate and intensify our work in this area to help qualifying small businesses and protect against improper claims, we continue to explore and develop additional ways to speed our work on this incredibly detailed credit where the number of claims exploded following aggressive marketing."   About supplemental claims A supplemental claim is an adjusted employment tax return that allows a third-party payer to correct and/or consolidate previous claims that they filed on or before Jan. 31, 2024, if those claims have not yet been processed by the IRS. By filing a supplemental claim, the third-party payer is asking the IRS not to process outstanding adjusted employment tax returns for the tax period. The IRS will treat claims filed before the supplemental claim as if they were never filed. The supplemental claim process is for third-party payers to which all of the following apply: The third-party payer has filed one or more claims aggregating Employee Retention Credits for itself and/or clients using the TPP's Employer Identification Number. The third-party payer made the claim on an adjusted employment tax return (Forms 941-X, 943-X, 944-X or CT-1X). The IRS has not processed any of the claims the third-party payer is including in the supplemental claim. This process is not for: Common law employers who did not use a third-party payer and instead filed adjusted employment tax returns using their own Employer Identification Number. These employers may be eligible for either the claim withdrawal process if their claim is pending, or for the IRS's second Voluntary Disclosure Programif they received the ERC either as a refund or a credit against tax owed. Third-party payers that received the full amount of ERC claimed on behalf of themselves and their clients – either as a refund or a credit against tax owed. They may be eligible for the IRS's second Voluntary Disclosure Program. Submitting supplemental claims related to ERC A third-party payer must prepare one supplemental claim for each tax period filed on or before Jan. 31, 2024. Each claim must include the correct amount of ERC and any other corrections for that tax period. The third-party payer should use the adjusted employment tax return for their type of business – Form 941-X, Form 943-X, Form 944-X or Form CT1-X – to prepare the supplemental claim. The third-party payer should not include ERC amounts that were filed after Jan. 31, 2024. The amount of ERC on the supplemental claim must be equal to or less than the cumulative amount of ERC claimed on the returns the third-party payer is replacing by filing the supplement claim. Third-party payers can submit a supplemental claim using a computer or mobile device to fax the documents by 11:59 p.m., Nov. 22, 2024. For details see Filing a Supplemental Claim for the Employee Retention Credit and Supplemental Claim Frequently Asked Questions for Third-Party Payers. What happens next The IRS will review the supplemental claim to make sure it has all items necessary for it to be processed. If the supplemental claim is complete, the IRS will review the claim and determine if it will be accepted as filed, partially allowed/disallowed, or if the supplemental claim needs additional review or examination. The supplemental claim becomes the sole adjusted employment tax return for the tax period. The IRS will review the supplemental claims instead of adjusted employment tax returns filed on or before Jan. 31, 2024.  Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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