Tax News

What’s Happening in the world of taxes

IRS introduces new service industry tip reporting program

WASHINGTON — The Treasury Department and Internal Revenue Service today issued Notice 2023-13, which contains a proposed revenue procedure that would establish the Service Industry Tip Compliance Agreement (SITCA) program, a voluntary tip reporting program between the IRS and employers in various service industries. The IRS is issuing this guidance in proposed form to provide an opportunity for public comment.

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What the right to be informed means for taxpayers

The Taxpayer Bill of Rights is a cornerstone of the IRS mission that highlights the 10 fundamental rights taxpayers have when working with the IRS. All taxpayers should familiarize themselves with these rights.

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Here is a video tax tip from the IRS

Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL.

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