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IRS RAMPS UP NEW INITIATIVES, CONTINUES TO CLOSE MILLIONAIRE TAX DEBT CASES:
More than $482 million recovered from 1,600 millionaires who have not paid tax debts

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2024 IRS NATIONWIDE TAX FORUMS – SAVE THE DATE:
Planning is underway for the IRS’s premier summer outreach and education program, the IRS Nationwide Tax Forums.

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PENSION-LINKED EMERGENCY SAVINGS ACCOUNTS (PLESA):
Authorized under the SECURE 2.0 Act of 2022, PLESAs are individual accounts in defined contribution plans and are designed to permit and encourage employees to save for financial emergencies.

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MORE ON THE BOI REPORTING – WHAT IS A FINCEN IDENTIFIER?
A “FinCEN identifier” is a unique identifying number that FinCEN will issue to an individual or reporting company upon request after the individual or reporting company provides certain information

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IRS TO BEGIN ACCEPTING BUSINESS TAX RETURNS JANUARY 16:
The official start date of tax season for individual taxpayers will be on January 29, but the Internal Revenue Service plans to accept business tax returns as soon as January 16.

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IRS SCAMS AND SCHEMES:
Here are some details behind the most recent frauds trumpeting the IRS and how taxpayers can fight back: They don't call, they don't text …

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FINCEN BENEFICIAL OWNERSHIP INFORMATION (BOI):
The Corporate Transparency Act requires certain types of U.S.

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BUSINESS TAX ACCOUNTS EXPANDED TO BUSINESS ENTITIES:
The IRS has announced (IR-2023-243) expanded capabilities and eligibility under its business tax account initiative so that individual partners of partnerships, S corporation shareholders, and sole

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DIRECT FILE UPDATE:
Provided by the Direct File Team Understanding Direct File

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