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IRS Delays Tax Deadlines Because Of California Fires

by usoftax_admin | Jan 10, 2025 | Tax News

Taxpayers in Los Angeles County will have until Oct. 15 to file individual and business tax returns and make payments as the area deals with ongoing California wildfires, the Internal Revenue Service announced Friday.

IRS Proposes Automatic Retirement Plan Enrollment Guidance

by usoftax_admin | Jan 10, 2025 | Tax News

The Internal Revenue Service and U.S. Treasury Department proposed guidance Friday regarding rules establishing automatic enrollment requirements for certain retirement plans under changes made by the Secure 2.0 Act.

Tax Season To Start Jan. 27, IRS Says

by usoftax_admin | Jan 10, 2025 | Tax News

The Internal Revenue Service will begin accepting and processing 2024 tax year returns on Jan. 27, the agency said Friday.

Treasury, IRS Plan Rules For Clean Transportation Fuel Credit

by usoftax_admin | Jan 10, 2025 | Tax News

Treasury and the IRS released guidance Friday for producers of transportation fuel hoping to qualify for the newly available clean fuels production tax credit, saying they plan to release rules clarifying which entities qualify for the credit and how producers can...

IRS Proposes Rules For Roth Catch-Up Contributions

by usoftax_admin | Jan 10, 2025 | Tax News

The Internal Revenue Service floated rules Friday for catch-up contributions made possible by the 2022 retirement law known as Secure 2.0, including the requirement that contributions made by certain participants be designated Roth contributions.
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