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- IRS updates tax gap estimates; new data points the way toward enhancing taxpayer service, compliance efforts
IR-2022-192, October 28, 2022 – The Internal Revenue Service today released a new set of tax gap estimates on tax years 2014 through 2016 showing the estimated gross tax gap increased to $496 billion, a rise of over $58 billion from the prior estimate.
- IRS quickly moves forward with taxpayer service improvements; 4,000 hired to provide more help to people during 2023 tax season on phones
IR-2022-191, October 27, 2022 – The Internal Revenue Service announced today significant progress to prepare for the 2023 tax filing season as the agency passed a milestone of hiring 4,000 new customer service representatives to help answer phones and provide other services.
- 2023 PTIN renewal period underway for tax professionals
IR-2022-190, October 27, 2022 – The Internal Revenue Service urges the nation's more than 750,000 active tax return preparers to start the upcoming 2023 filing season smoothly by renewing their Preparer Tax Identification Numbers (PTINs) now. All current PTINs will expire December 31, 2022.
- Reminder: Service providers, others may receive 1099-Ks for sales over $600 in early 2023
IR-2022-189, October 24, 2022 – The Internal Revenue Service reminds taxpayers earning income from selling goods and/or providing services that they may receive Form 1099-K, Payment Card and Third-Party Network Transactions, for payment card transactions and third-party payment network transactions of more than $600 for the year.
- 401(k) limit increases to $22,500 for 2023, IRA limit rises to $6,500
IR-2022-188, October 21, 2022 – The IRS announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical guidance regarding all of the cost of living adjustments
- During National Cybersecurity Month, IRS and Security Summit Partners offer tips
IR-2022-187, October 21, 2022 – The Internal Revenue Service and its Security Summit partners today urged families to remain vigilant year-round and consider taking additional steps to protect their personal information during National Cybersecurity Month.
- Adjust tax withholding now to pay the proper amount of tax
IR-2022-186, October 20, 2022 – The Internal Revenue Service today urged taxpayers to check their tax withholding while there's time left in 2022 to benefit from any necessary changes.
- IRS: Deadline to file 2019 and 2020 tax returns to get COVID penalty relief postponed in declared disaster areas
IR-2022-185, October 19, 2022 – The Internal Revenue Service reminds taxpayers in areas covered by certain Federal Emergency Management Agency (FEMA) disaster declarations they may have more time to file their returns to qualify for the penalty relief under Notice 2022-36 for their 2019 and 2020 tax returns.
- Employers urged to electronically file payroll tax returns by Oct. 31
IR-2022-184, October 19, 2022 – The Internal Revenue Service today reminded employers to file the next quarterly payroll tax return by the approaching October 31, 2022, due date, and urged them to do so electronically.
- Employers warned to beware of third parties promoting improper Employee Retention Credit claims
IR-2022-183, October 19, 2022 – The Internal Revenue Service today warned employers to be wary of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit.
- IRS provides tax inflation adjustments for tax year 2023
IR-2022-182, October 18, 2022 – The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38 provides details about these annual adjustments.
- Grandparents and other relatives with eligible dependents can qualify for 2021 Child Tax Credit
IR-2022-181, October 17, 2022 – The Internal Revenue Service reminded families today that some taxpayers who claim at least one child as their dependent on their tax return may not realize they could be eligible to benefit from the Child Tax Credit (CTC).
- IRS joins effort to fight charity fraud during international recognition week
IR-2022-180, October 17, 2022 – The Internal Revenue Service announced its continued support by joining international efforts to fight fraud during Charity Fraud Awareness Week, October 17-21.
- IRS reminds taxpayers of upcoming filing extension deadline; Free File remains open until Nov. 17
IR-2022-179, October 14, 2022 – The Internal Revenue Service reminds taxpayers today that those who requested an extension of time to file their 2021 income tax return that the deadline is Monday, October 17. IRS Free File remains open until November 17 for those who still need to file their 2021 tax returns.
- IRS sending letters to over 9 million potentially eligible families who did not claim stimulus payments, EITC, Child Tax Credit and other benefits; Free File to stay open until Nov. 17
IR-2022-178, October 13, 2022 – Starting this week, the Internal Revenue Service is sending letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but did not claim them by filing a 2021 federal income tax return.
- IRS expanding dyed diesel penalty relief as a result of Hurricane Ian
IR-2022-177, October 11, 2022 – The Internal Revenue Service, in response to continued disruptions resulting from Hurricane Ian, will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway in the state of Florida.
- Online seminars from 2022 IRS Nationwide Tax Forum now available
IR-2022-176, October 11, 2022 – The online version of the forum consists of 18 new self-study seminars, including four Spanish-language seminars.
- IRS: Don't miss this important Oct. 17 tax extension deadline
IR-2022-175, October 7, 2022 – The Internal Revenue Service today reminds taxpayers who requested an extension to file their 2021 tax return to do so by Monday, October 17.
- October FBAR extension deadline nears for foreign bank and financial account holders
IR-2022-174, October 6, 2022 – The Internal Revenue Service today reminds U.S. citizens, resident aliens and domestic legal entities that the extension deadline to file their annual Report of Foreign Bank and Financial Accounts (FBAR) is October 15. For additional information about filing deadlines, filers should look to Financial Crimes Enforcement Network's (FinCEN) website.
- IRS: Hurricane Ian victims in the Carolinas qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15
IR-2022-173, October 5, 2022 – Hurricane Ian victims throughout both North Carolina and South Carolina now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today. This is similar to relief announced last week for Ian victims in Florida.
- IRS asks for comments on upcoming energy guidance
IR-2022-172, October 5, 2022 – The Internal Revenue Service today issued six notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act.
- IRS announces 2023 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program Grants
IR-2022-171, October 4, 2022 – The Internal Revenue Service recently awarded $41 million in Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants to organizations that provide free federal tax return preparation.
- IRS Appeals revises initial contact letters as part of effort to enhance the taxpayer experience
IR-2022-170, October 4, 2022 – The Internal Revenue Service Independent Office of Appeals is taking important steps to improve how taxpayers interact and communicate with the IRS by revising their initial contact letters.
- IRS granting dyed diesel penalty relief as a result of Hurricane Ian
IR-2022-169, September 30, 2022 – The Internal Revenue Service, in response to disruptions resulting from Hurricane Ian, will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used by emergency vehicles on the highway in the state of Florida.
- IRS: Hurricane Ian victims in Florida qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15
IR-2022-168, September 29, 2022 – Hurricane Ian victims throughout Florida now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
- IRS reports significant increase in texting scams; warns taxpayers to remain vigilant
IR-2022-167, September 28, 2022 – The Internal Revenue Service today warned taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.
- IRS continues relief to drought-stricken farmers and ranchers in 44 states, other regions
IR-2022-166, September 28, 2022 – The Internal Revenue Service is reminding farmers and ranchers in applicable regions forced to sell livestock because of drought conditions that they may have more time to replace their livestock and defer tax on any gains from the forced sales.
- IRS updates answers to states and local governments on taxability and reporting of payments from Coronavirus State and Local Fiscal Recovery Funds
IR-2022-165, September 28, 2022 – The IRS today updated its frequently-asked-questions on Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds).
- IRS: Alaska storm and flood victims qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15
IR-2022-164, September 27, 2022 – Victims of storms and flooding that began on September 15 in parts of Alaska now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the IRS announced today.
- Reminder: File 2019 and 2020 returns by Sept. 30 to get COVID penalty relief
IR-2022-163, September 22, 2022 – The IRS today reminded struggling individuals and businesses, affected by the COVID-19 pandemic, that they may qualify for late-filing penalty relief if they file their 2019 and 2020 returns by September 30, 2022.
- IRS advises that improperly forgiven Paycheck Protection Program loans are taxable
IR-2022-162, September 21, 2022 – The Internal Revenue Service recently issued guidance addressing improper forgiveness of a Paycheck Protection Program loan (PPP loan).
- IRS: Hurricane Fiona victims in Puerto Rico qualify for tax relief; Oct. 17 deadline, other dates extended to Feb. 15
IR-2022-161, September 20, 2022 – Hurricane Fiona victims in all 78 Puerto Rican municipalities now have until February 15, 2023, to file various federal individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
- IRS selects eight new members for the Electronic Tax Administration Advisory Committee
IR-2022-160, September 20, 2022 – The Internal Revenue Service has selected eight new members for the Electronic Tax Administration Advisory Committee (ETAAC).
- IRS updates Information on tax credit helping businesses to hire certain categories of workers
IR-2022-159, September 19, 2022 – The IRS today updated information on the Work Opportunity Tax Credit (WOTC), available to employers that hire designated categories of workers who face significant barriers to employment. For employers facing a tight job market, the WOTC may be able to help.
- IRS accepting applicants for Compliance Assurance Process for 2023
IR-2022-158, September 15, 2022 – The Internal Revenue Service announced today the opening of the application period for the 2023 Compliance Assurance Process (CAP) program.
- IRS: Sept. 15 is the deadline for third quarter estimated tax payments
IR-2022-157, September 6, 2022 – The Internal Revenue Service reminds taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is September 15, 2022.
- September is National Preparedness Month; IRS urges everyone to update and secure their records to prepare now for natural disasters
IR-2022-156, August 29, 2022 – September is National Preparedness Month. With the height of hurricane season fast approaching and the ongoing threat of wildfires in many places, the Internal Revenue Service urges everyone to develop an emergency preparedness plan, or if they already have one, update it for 2022.
- COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers
IR-2022-155, August 24, 2022 – To help struggling taxpayers affected by the COVID-19 pandemic, the IRS today issued Notice 2022-36, which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late.
- IRS Appeals invites input on enhancing video conference options for taxpayers and tax professionals
IR-2022-154, August 18, 2022 – The IRS Independent Office of Appeals invites public input on best practices for conducting video conferences with taxpayers and tax professionals who have cases pending before Appeals.
- 2021 tax extension filers, don't overlook these important tax benefits
IR-2022-153, August 18, 2022 – The Internal Revenue Service reminds taxpayers who've yet to file their 2021 federal income tax return to make sure they take advantage of the deductions and credits for which they're entitled and to file electronically as soon as possible.
- IRS adds new information in traditional Chinese to help with tax authorizations, part of growing multilingual effort to support taxpayers and help tax pros, third-party designees
IR-2022-152, August 17, 2022 – As part of a larger effort to expand tax resources in more languages, the Internal Revenue Service announced today the addition of a translation of the Instructions for Form 8821, Tax Information Authorization, in traditional Chinese.
- Security Summit: Tax pros can help clients battle identity theft risk
IR-2022-151, August 16, 2022 – The Security Summit partners today concluded a special summer education campaign by outlining steps tax professionals can take to help clients from becoming statistics in identity-theft related tax-fraud scams.
- IRS announces interest rate increases for the fourth quarter of 2022; 6% rate applies to most taxpayers starting Oct. 1
IR-2022-150, August 15, 2022– The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning October 1, 2022.
- IRS: Missouri storm, flooding victims now eligible for tax relief; Oct. 17 deadline, other dates extended to Nov. 15
IR-2022-149, August 10, 2022 – Storm victims in parts of Missouri now have until November 15, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
- New school year reminder to educators; maximum educator expense deduction rises to $300 in 2022
IR-2022-148, August 10, 2022 – As the new school year begins, the Internal Revenue Service reminds teachers and other educators that they'll be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when they file their federal income tax return next year.
- Security Summit releases new data security plan to help tax professionals; new WISP simplifies complex area
IR-2022-147, August 9, 2022 – The Security Summit partners today unveiled a special new sample security plan designed to help tax professionals, especially those with smaller practices, protect their data and information.
- IRS: Truckers need to file by August 31 deadline, e-file encouraged
IR-2022-146, August 8, 2022 – The Internal Revenue Service today is reminding those who have registered, or are required to register, large trucks and buses that it's time to file Form 2290, Heavy Highway Vehicle Use Tax Return. The IRS strongly encourages using e-file and filing before the payment deadline of August 31, 2022, for vehicles first used in July 2022.
- IRS: Kentucky storm, flooding victims now eligible for tax relief; October 17 deadline, other dates extended to November 15
IR-2022-145, August 2, 2022 – Storm victims in parts of Kentucky now have until November 15, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.
- Security Summit: Tell-tale signs of identity theft tax pros should watch for
IR-2022-144, August 2, 2022 – With identity thieves continuing to target the tax community, Internal Revenue Service Security Summit partners today urged tax professionals to learn the signs of data theft so they can react quickly to protect clients.
- Security Summit warns tax pros of evolving email and cloud-based schemes to steal taxpayer data
IR-2022-143, July 26, 2022 – As part of a special Security Summit series, the Internal Revenue Service, state tax agencies and nation's tax industry warn tax professionals to beware of evolving scams designed to steal client data.