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Are you a forward-thinking entrepreneur or an individual searching for innovative ways to save on taxes while contributing to a greener environment? The Internal Revenue Service (IRS) and the Department of the Treasury have recently issued Notice 2024-20 to shed light on eligible census tracts for the qualified alternative fuel vehicle refueling property credit. At …

Navigating Tax Incentives: Treasury and IRS Illuminate Guidelines for the Green Energy Investment Credit Read More »

The Internal Revenue Service (IRS) and the Treasury Department are making significant strides in implementing key provisions of the Inflation Reduction Act, reaching a groundbreaking milestone with the registration of over 1,000 projects through the innovative IRS Energy Credits Online (ECO) tool. Empowering Taxpayers with Clean Energy Credits The Inflation Reduction Act introduced two groundbreaking …

Innovation in Action: IRS and Treasury Hit Milestone with Clean Energy Credits Online Tool Read More »

The Internal Revenue Service (IRS) has announced the appointment of 12 new members to the Internal Revenue Service Advisory Council (IRSAC). Established in 1953, the IRSAC serves as a vital forum for discussions between IRS officials and representatives of the public, offering valuable insights into various tax administration issues. In this blog post, we’ll introduce …

IRS Advisory Council Welcomes New Members for 2024 Read More »

Are you a student-athlete exploring the exciting world of Name, Image, and Likeness (NIL) agreements? In the competitive and ever-evolving landscape of collegiate athletics, the recent attention on NIL opportunities has opened new financial avenues for student-athletes. Crystal Clear Tax is here to guide you through the tax implications of NIL agreements, ensuring you score …

Understanding Tax Implications for Student-Athletes in NIL Agreements (2024 Guide) Read More »

As we gear up for the 2024 tax season, the Internal Revenue Service (IRS) wants to ensure you’re equipped with the right tools and information. We’ve crafted a list of important tools that you will need to know in 2024. Let’s check it out each one by one. 1. Interactive Tax Assistant: Your Tax Law …

Unveiling a Stress-Free Tax Season: Your Comprehensive Guide to IRS Resources Read More »

In the fast-evolving landscape of digital assets, the Treasury Department and Internal Revenue Service (IRS) have issued a crucial announcement, clarifying reporting requirements for businesses. The recent Infrastructure Investment and Jobs Act brought about significant changes, considering digital assets equivalent to cash for reporting purposes. However, before these changes take effect, the IRS and Treasury …

Simplified Reporting for Businesses: What You Need to Know About the Latest IRS Guidance on Digital Assets Read More »

Looking for help with reporting income from payment apps and online sales? Feeling a bit lost? Good news – the IRS has a free video webinar that explains everything about Form 1099-K. Wondering what they covered and how it can make your tax reporting easier? This blog will answer all the questions. Let’s delve into …

Empower Your Finances: IRS Offers Free Video Content on 2023 Form 1099-K Regulations Read More »

As the IRS kicks off its 22nd filing season, taxpayers can get a head start on their returns with the IRS Free File Guided Tax Software service, now live on IRS.gov. Crystal Clear Tax is here to guide you through this user-friendly option. Unlocking the Power of IRS Free File IRS Free File is a …

Tax Season Made Simple: Millions Eligible for Free IRS Filing through IRS online portal Read More »