e-News for Tax Professionals 2023-34

More than 40 seminars and workshops, earning up to 18 continuing education credits;
Share opinions in focus groups;
Attend four special events designed with the tax pro in mind;
Visit a two-day expo with representatives from tax, financial and business communities offering their products, services and expertise designed with the tax professional in mind. The expo also includes the IRS Zone, featuring various IRS subject matter experts and executives; and
Network with fellow tax professionals.

Visit the IRS Nationwide Tax Forums website for more information and to register for our last program of the summer.

2.??IRS: Hawaii wildfire victims qualify for tax relief; deadlines postponed to Feb. 15

The IRS announced expansive tax relief for Hawaii wildfire victims in Maui and Hawaii counties. The tax relief postpones tax filing and payment deadlines that occurred from Aug. 8, 2023, through Feb. 15, 2024. As a result, affected individuals and businesses will have until Feb. 15, 2024, to file returns and pay any taxes that were originally due during this period. This news release is also available in Simplified Chinese.

3.??IRS webinar: Qualified Educational Assistance Programs

Under federal law, employers who have educational assistance programs can use them to help pay student loan obligations for their employees. As part of a wider effort to promote this benefit, the IRS will hold a free webinar on Sept. 14 to help interested taxpayers and tax professionals better understand this special provision. To register for the webinar, visit the Webinars for Tax Practitioners webpage. This news release is also available in Spanish and Simplified Chinese.

4.??Small Business Tax Workshop is now available in Spanish

Check out the Small Business Tax Workshop video, which is now available in Spanish, for a series of eight interactive lessons designed to help new small business owners learn their tax rights and responsibilities.

5.??A tax deduction for increased energy savings may be available for those who qualify

Building owners who install energy efficient commercial building property (EECBP) or energy efficient building retrofit property (EEBRP) may be able to claim a tax deduction. Find out more about eligibility and qualifications in an easy-to-understand ePoster that you can post or distribute to clients. For more information, visit energy-efficient commercial buildings deduction on IRS.gov.

6.??Technical Guidance

Revenue Procedure 2023-29 provides the applicable percentage table in section 36B(b)(3)(A) of the Internal Revenue Code for taxable years beginning in calendar year 2024.

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