Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 31, 2022 – November 4, 2022.
IRS released COVID Tax Tip 2022-166, announcing more people may qualify for tax benefits they did not claim by filing a 2021 federal income tax return. The IRS released COVID Tax Tip 2022-167 alerting taxpayers covered by certain Federal Emergency Management Agency disaster.
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of October 10, 2022 – October 14, 2022.
Updates from the IRS include expansion of dyed diesel penalty relief in response to Hurricane Ian, reminder to be on the lookout for scams of sensitive tax data at risk, and nine million individuals and families will receive letters about tax benefits they didn't claim.
Internal Revenue Service IRS guidance and relevant tax matters for week of September 12, 2022 – September 16, 2022. IRS released Internal Revenue Bulletin 2022-37, which highlights Treasury Decision 9965 regulations establish certain requirements regarding No Surprises Act.