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IR-2023-212SP: El IRS destaca la Semana internacional de concienciación sobre el fraude; se insta a los contribuyentes a protegerse contra estafas y engaños

El IRS destaca la Semana internacional de concienciación sobre el fraude; se insta a los contribuyentes a protegerse contra estafas y engaños. WASHINGTON — Como parte de un esfuerzo continuo para proteger a los contribuyentes, el Servicio de Impuestos Internos recuerda a todos que la Semana internacional de concientización sobre el fraude es un buen momento para pensar en proteger la información personal y financiera de los estafadores. La Semana internacional de concienciación sobre el fraude, que se lleva a cabo hasta el 18 de noviembre, es un esfuerzo para minimizar el impacto del fraude promoviendo la concienciación y la educación contra el fraude. Durante la semana especial, el IRS -incluyendo la Oficina de Prevención del Fraude y la Investigación Criminal del IRS- sigue trabajando para concienciar sobre el fraude y las estafas que afectan a los contribuyentes de todo el país. El IRS sigue animando a personas, empresas y profesionales de impuestos a tomarse tiempo ahora para conocer las señales de alerta de una estafa, y para asegurarse de que las defensas están en su lugar para detener a los estafadores y los que promueven esquemas tributarios sin escrúpulos. Aunque esta semana destaca el fraude internacional, el IRS trabaja durante todo el año para concienciar sobre las estafas y esquemas tributarios. Estos esfuerzos van desde la lista anual de la Docena Sucia de estafas tributarias hasta otros esquemas de impuestos, incluyendo el mercadeo agresivo que involucra reclamos de Crédito de Retención del Empleado.

IRS Highlights International Fraud Awareness Week: Urges Taxpayers to Guard Against Scams and Deception The Internal Revenue Service (IRS) is emphasizing the importance of International Fraud Awareness Week and encouraging taxpayers to safeguard themselves from scams and deception. This initiative is part of the IRS’s ongoing effort to protect taxpayers. International Fraud Awareness Week serves […]

Clean energy credits: what you need to know about elective pay

Clean energy credits: what you need to know about elective pay Tax-exempt and governmental entities can benefit from clean energy tax credits using new options enabled by the Inflation Reduction Act of 2022 (IRA). The IRA allows certain exempt organizations to benefit from certain clean energy tax credits through elective pay. For tax years beginning after December 31, 2022, an applicable entity that qualifies for a clean energy tax credit can make an elective payment election. This election will treat certain credits as a payment against their federal income tax liabilities rather than as a nonrefundable credit. The amount of the credit will first offset any tax liability of the entity and any excess will be refundable. How do I make an elective pay election? The elective payment election is made on your annual tax return in the manner prescribed by the IRS, along with any form required to claim the relevant tax credit (source credit forms), a completed Form 3800, General Business Credit (or its successor), and any additional information, including supporting calculations, required in instructions to the relevant forms. Making an elective payment election requires completing multiple steps, including completing the required pre-filing registration process. The term annual tax return includes: for any person normally required to file an annual tax return with the IRS, such annual return (including Form 990-T for organizations with unrelated business income tax or a proxy tax under section 6033(e)); or for any person that is not normally required to file an annual tax return with the IRS (such as taxpayers located in the territories), the return they would be required to file if they were not located in the territories, or, if no such return is required (such as for State, local, or Indian tribal governmental entities), the Form 990-T Exempt Organization Business Income Tax Return. Electronic return filing is strongly encouraged. Each entity making an elective payment election must have a unique EIN. More information about applying for an EIN is available at IRS.gov/ein. How do I determine the taxable year? Check the instructions for the annual tax return you are filing. For example, for tax-exempt entities filing Form 990-T, the return must be filed using the organization's established annual accounting period. If the organization has no established accounting period, file the return on the calendar-year basis. How do I timely file my return? An elective payment election may only be made on an original, timely filed return (including extensions). This means the deadline is the due date (including extensions of time) for the tax return for the taxable year for which the election is made. For most tax exempt and government entities including Indian tribal governments this is generally 4.5 months (for example, May 15 for a calendar year taxpayer) (or up to 10.5 months with extensions) after the end of the entity's tax year. An original return includes a superseding return filed on or before the due date (including extensions). No election is permitted to be made on an amended return or by filing an administrative adjustment request under section 6227 of the Code. There is no relief available under §§ 301.9100-1 through 301.9100-3 of the Procedure and Administration Regulations (26 CFR part 301) for an elective payment election that is not timely filed. Additional information about Clean Energy Credits can be found at IRS.gov/cleanenergy.

Understanding Clean Energy Credits and Elective Pay The Inflation Reduction Act of 2022 (IRA) has introduced new opportunities for tax-exempt and governmental entities to leverage clean energy tax credits. The Act allows these organizations to benefit from specific clean energy tax credits through a mechanism known as elective pay. Starting from tax years that begin […]

Clean energy credits: what you need to know about elective pay

Clean energy credits: what you need to know about elective pay Tax-exempt and governmental entities can benefit from clean energy tax credits using new options enabled by the Inflation Reduction Act of 2022 (IRA). The IRA allows governmental entities to benefit from certain clean energy tax credits through elective pay. For tax years beginning after December 31, 2022, an applicable entity that qualifies for a clean energy tax credit can make an elective payment election. This election will treat certain credits as a payment against their federal income tax liabilities rather than as a nonrefundable credit. The amount of the credit will first offset any tax liability of the entity and any excess will be refundable. How do I make an elective pay election? The elective payment election is made on your annual tax return in the manner prescribed by the IRS, along with any form required to claim the relevant tax credit (source credit forms), a completed Form 3800, General Business Credit (or its successor), and any additional information, including supporting calculations, required in instructions to the relevant forms. Making an elective payment election requires completing multiple steps, including completing the required pre-filing registration process. How do I determine the taxable year? Check the instructions for the annual tax return you are filing. For example, for tax-exempt entities filing Form 990-T, the return must be filed using the organization's established annual accounting period. If the organization has no established accounting period, file the return on the calendar-year basis. How do I timely file my return? An elective payment election may only be made on an original, timely filed return (including extensions). This means the deadline is the due date (including extensions of time) for the tax return for the taxable year for which the election is made. For most tax exempt and government entities including Indian tribal governments this is generally 4.5 months (for example, May 15 for a calendar year taxpayer) (or up to 10.5 months with extensions) after the end of the entity's tax year. Additional information about Clean Energy Credits can be found at IRS.gov/cleanenergy.

Understanding Clean Energy Credits and Elective Pay Clean energy tax credits have become more accessible for tax-exempt and governmental entities, thanks to new provisions introduced by the Inflation Reduction Act of 2022 (IRA). The IRA has opened up the possibility for these entities to take advantage of clean energy tax credits via elective pay. From […]

Clean energy credits: what you need to know about elective pay

Clean energy credits: what you need to know about elective pay Tax-exempt and governmental entities can benefit from clean energy tax credits using new options enabled by the Inflation Reduction Act of 2022 (IRA). The IRA allows governmental entities to benefit from certain clean energy tax credits through elective pay. For tax years beginning after December 31, 2022, an applicable entity that qualifies for a clean energy tax credit can make an elective payment election. This election will treat certain credits as a payment against their federal income tax liabilities rather than as a nonrefundable credit. The amount of the credit will first offset any tax liability of the entity and any excess will be refundable. How do I make an elective pay election? The elective payment election is made on your annual tax return in the manner prescribed by the IRS, along with any form required to claim the relevant tax credit (source credit forms), a completed Form 3800, General Business Credit (or its successor), and any additional information, including supporting calculations, required in instructions to the relevant forms. Making an elective payment election requires completing multiple steps, including completing the required pre-filing registration process. How do I determine the taxable year? Check the instructions for the annual tax return you are filing. For example, for tax-exempt entities filing Form 990-T, the return must be filed using the organization's established annual accounting period. If the organization has no established accounting period, file the return on the calendar-year basis. How do I timely file my return? An elective payment election may only be made on an original, timely filed return (including extensions). This means the deadline is the due date (including extensions of time) for the tax return for the taxable year for which the election is made. For most tax exempt and government entities including Indian tribal governments this is generally 4.5 months (for example, May 15 for a calendar year taxpayer) (or up to 10.5 months with extensions) after the end of the entity's tax year. Additional information about Clean Energy Credits can be found at IRS.gov/cleanenergy. If you have a technical or procedural question relating to government entities, please visit IRS.gov/fslg. For employment tax and account related questions, call the Business and Specialty Tax Line at 800-829-4933. To request an affirmation letter call Tax Exempt Government Entities Customer Account Services at 877-829-5500. For guidance on the technical aspects for filing information returns through the Filing Information Return Electronically (FIRE) System call Technical Services Operation at 866-455-7438. For the latest FSLG news, connect via IRS Social Media and subscribe to this and other IRS newsletters.

Understanding Clean Energy Credits and Elective Pay In the realm of clean energy tax credits, there are new opportunities for tax-exempt and governmental entities. These opportunities stem from the Inflation Reduction Act of 2022 (IRA), which has introduced new ways for these entities to benefit from clean energy tax credits. One of these methods is […]

Non-Employee Payments (Form 1099) Reporting virtual workshop offered through Microsoft Teams for Indian Tribal Governments and volunteers needed across the country (news release IR-2023-195)

You’re invited to join us for a free workshop hosted by the Office of Indian Tribal Governments. This workshop will offer a review of federal tax responsibilities for non-employee payments for tribes and tribal entities, using information from Publication 4268, Employment Tax for Indian Tribal Governments. It will also provide basic information for accounts payable employees and those responsible for filing Forms 1099 and Form 945, particularly those new to their positions. Topics include: Introduction to non-employee payment reporting, Independent Contractor or Employee?, Reporting Payments to Independent Contractors (Forms 1099), Form 945, Annual Return of Withheld Federal Income Tax, Deposit Rules, Gaming Per Capita Payments, Electronic Filing – new requirements. No registration is required for this event. There will be two identical sessions of this workshop. When it is time to join, just click the link or call in. There is a different link for each session. Dates and Times: Session 1 Monday December 4, 2023 Time: 12 p.m. – 3 p.m. (Eastern) / 9 a.m. – 12 p.m. (Pacific) Session 2 Monday December 11, 2023 Time: 12 p.m. – 3 p.m. (Eastern) / 9 a.m. – 12 p.m. (Pacific) Questions emailed to TEGE.outreach@IRS.gov with the subject line “Pre-submitted questions for the “ITG Teams 1099 Reporting Workshop” will be answered as time permits. Volunteers needed across the country for free tax services The Internal Revenue Service’s Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs are currently recruiting volunteers for the upcoming filing season. VITA/TCE sites can be found nationwide and prepare millions of tax returns each year for low- to moderate-income taxpayers at no cost. The free tax program serves populations such as rural taxpayers, limited English speakers and senior citizens. Each year thousands of volunteers help their community and gain invaluable professional experience. No experience is necessary to become a VITA or TCE volunteer. Free specialized training is provided by the IRS. Available positions go beyond tax preparation and include: Interpreters, Greeters, Quality reviewers, Marketing specialists, Instructors, Computer specialists. Volunteers have the option to participate at both in-person and virtual sites. Hours are often flexible with many sites operating at night and on weekends. Finding a nearby free tax help location is easy. They can often be found in libraries, community centers, schools and churches. To learn more about becoming a VITA/TCE volunteer, visit IRS Tax Volunteers. Those interested can sign up using the VITA/TCE Volunteer and Partner Signup and will be provided a list of available local VITA/TCE sites and invited to a virtual orientation.

Non-Employee Payments (Form 1099) Reporting Virtual Workshop We are thrilled to announce a free workshop that will be hosted by the Office of Indian Tribal Governments. This workshop is designed to provide a comprehensive review of federal tax responsibilities concerning non-employee payments for tribes and tribal entities. The information provided in this workshop is derived […]

#ICYMI Top CI Stories from the Past Week

ICYMI: Top IRS Criminal Investigation (CI) Stories From The Past Week Nov. 13, 2023 Useful Links About CI What do we investigate? How investigations are initiated J5 international partnership IRS.gov/CI Tax Schemes and Fraud Tax Fraud Alerts Report Suspected Tax Fraud Voluntary Disclosure CI Newsroom CI News Releases CI Resources CI Annual Reports Week of Nov. 6 - 12 #ICYMI Top CI Stories from the Past Week 1. Bitwise founders Irma Olguin, Jr. and Jake Soberal charged for $100 million fraud scheme Bitwise abruptly collapsed earlier this year despite recent reports the company was worth over $500,000,000 and was financially sound. 2. Former judge Arnaldo Irizarry sentenced for $9 million fraud in Puerto Rico The judge served as a legal advisor to a former local mayor. 3. Denver man indicted for tax evasion and failure to file tax returns Based on the indictment, Garcia is alleged to have a tax liability to the government of more than $225,000 over the five-year period. 4. Joint Chiefs of Global Tax Enforcement committed to combating transnational tax crime The J5 is comprised of the Australian Taxation Office, the Canada Revenue Agency, the Dutch Fiscale Inlichtingen- en Opsporingsdienst, the British HM Revenue & Customs (HMRC), and us. 5. Help us follow the money trail Interested in a career as a financial investigator? Don't wait - our team of recruiters are busy speaking with candidates throughout the country. CI is the criminal investigative arm of the IRS, responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money-laundering, public corruption, healthcare fraud, identity theft and more. CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a more than a 90 percent federal conviction rate. The agency has 20 field offices located across the U.S. and 12 attaché posts abroad.

Highlights of the Week: Top IRS Criminal Investigation Stories In case you missed it, here’s a roundup of the most significant IRS Criminal Investigation (CI) stories from the week of November 6th to 12th, 2023. Understanding the Role of CI The Criminal Investigation unit, better known as CI, is a crucial arm of the IRS. […]

QuickAlerts – Technical – Reminder 1040 Modernized e-File (MeF) Production Shutdown

Subject: Reminder - 1040 Modernized e-File (MeF) Production Shutdown 1040 MeF Production Shutdown Schedule Shutdown begins on Saturday, November 18, 2023, at 11:59 p.m. Eastern time, to prepare the system for the upcoming Tax Year 2023 Filing Season. Important Note: Only "Send Submissions" for 1040 (both State and Federal) will be affected by this shutdown, all other services such as "Get Acks" and all state services will not be affected by the shutdown and users should be able to continue to use those services. Shutdown Deadlines on Saturday, November 18, 2023 Transmitters: Transmitting 1040 Submissions (State & Federal) 11:59 p.m. Eastern time. Important Note: Business (BMF) returns are not impacted by this IMF Production Shutdown schedule. The BMF Production Shutdown schedule will be communicated in a QuickAlerts bulletin, outlining the exact timeframes, in early December and the times will be posted on the MeF Operational Status page. Please monitor the MeF Operational Status page for any updates. We apologize for any inconveniences and thank you for your cooperation.

Important Notice: 1040 Modernized e-File (MeF) Production Shutdown The 1040 Modernized e-File (MeF) Production is scheduled for a temporary shutdown. This is a crucial step to gear up for the forthcoming Tax Year 2023 Filing Season. The shutdown process will commence on Saturday, November 18, 2023, at precisely 11:59 p.m. Eastern time. Scope of the […]

e-News for Tax Professionals 2023-45

2024 filing season improvements; business tax account; IRSAC annual report; and more Upcoming Events Seminars, Workshops, Conferences, and Other Practitioner Activities By State: Issue Number: 2023-45 Inside This Issue * IRS outlines 2024 filing season improvements * IRS launches first phase of the business tax account * IRSAC issues its 2023 annual report * Nationwide Tax Forums Online: Get the latest tax in education directly from the IRS * Help your clients recognize tax schemes * News from the Justice Department’s Tax Division 1. IRS outlines 2024 filing season improvements Following a dramatically improved 2023 filing season thanks to Inflation Reduction Act (IRA) investments, the U.S. Department of the Treasury and the IRS announced additional improvements taxpayers will experience next filing season, including: Improved digital service through the Where's My Refund? tool, Better phone and in-person service, The launch of the Direct File pilot, The launch of IRS Energy Credits Online to expand access to IRA clean energy credits. 2. IRS launches first phase of the business tax account The IRS has launched the first phase of the business tax account, enabling unincorporated sole proprietors who have an active Employer Identification Number to set up an account, view their business profile and manage authorized users. Over time, the business tax account will allow business taxpayers to check their tax payment history, make payments, view notices, authorize powers of attorney and conduct other business with the IRS. 3. IRSAC issues its 2023 annual report The Internal Revenue Service Advisory Council (IRSAC) issued its annual report for 2023, including recommendations to the IRS on new and continuing issues in tax administration. The 2023 Public Report includes recommendations on 23 issues covering a broad range of topics such as: Section 302, Escrow and Certification Procedure, Timely obtaining Employer ID Numbers (EINs) to comply with the Corporate Transparency Act requirements, Form 1099-K reporting, Self-correction guidance for Employee Plans, Forms modernization. 4. Nationwide Tax Forums Online: Get the latest tax in education directly from the IRS Visit the IRS Nationwide Tax Forums Online to earn continuing education (CE) credits and obtain the latest tax insights and expertise directly from the IRS. The 18 self-study webinars, which were recorded during the 2023 IRS Nationwide Tax Forums, are available 24/7 and cover topics about tax law changes, professional responsibility, identity protection and more. 5. Help your clients recognize tax schemes Tax pros: If your clients approach you for advice about participating in an abusive tax scheme, use the information outlined in the revised Publication 3995, Recognizing Illegal Tax Avoidance Schemes, to help them recognize and avoid fraudulent acts. 6. News from the Justice Department’s Tax Division Adis Smith of Chula Vista, Calif., and formerly of Baltimore pleaded guilty to preparing false tax returns. In total, Smith prepared more than 1,000 false tax returns and caused a tax loss to the IRS of approximately $4.7 million. Smith is scheduled to be sentenced on Feb. 2, and faces a maximum penalty of three years in prison as well as a period of supervised release, restitution and monetary penalties. Adam Earnest, Christopher Randell and James Klish were recently convicted by a federal jury in Jackson, Miss., of conspiracy to defraud the United States. Earnest and Randell were separately convicted of individual counts of preparing false tax returns. A sentencing hearing is scheduled for Feb. 22, 2024. Each defendant faces a maximum penalty of five years in prison for conspiracy to defraud the United States, and Earnest and Randell face a maximum penalty of three years in prison for each false return count on which they were found guilty. They also each face a period of supervised release, restitution and monetary penalties.

e-News for Tax Professionals 2023-45: A Comprehensive Overview As we step into the 2024 tax season, there’s a lot to look forward to and prepare for. This article provides a comprehensive overview of the latest updates, improvements, and news from the tax world. 2024 Filing Season Improvements by IRS The 2023 filing season saw a […]

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