Treasury, IRS provide updated guidance on accounting methods for specified research or experimental expenditures IR-2022-235, December 29, 2022 — The Treasury Department and Internal Revenue Service today issued Revenue Procedure 2023-11 providing updated guidelines for accounting method changes for specified research or experimental expenditures. IRS issues standard mileage rates for 2023; business use increases 3 cents per mile IR-2022-234, December 29, 2022 — The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Treasury, IRS issue guidance on the incremental cost for the Commercial Clean Vehicle Credit IR-2022-233, December 29, 2022 — The Treasury Department and Internal Revenue Service today issued Notice 2023-9 regarding the commercial clean vehicle credit for commercial vehicles purchased and placed in service, during the taxable year. Treasury, IRS issue guidance on their intent to publish regulations regarding clean vehicles IR-2022-232, December 29, 2022 — The Treasury Department and Internal Revenue Service today issued Notice 2023-01 of its intent to publish regulations related to the new clean vehicle credit. IRS releases frequently asked questions about clean vehicles credits for new, previously owned and commercial clean vehicles IR-2022-231, December 29, 2022 — The Internal Revenue Service today released frequently asked questions (FAQs) about clean vehicle credits for new, previously owned and commercial clean vehicles in Fact Sheet (FS-2022-42). IRS updates frequently asked questions about Form 1099-K IR-2022-230, December 28, 2022 — The Internal Revenue Service today updated frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third Party Network Transactions, in Fact Sheet FS-2022-41. Treasury, IRS issue interim guidance on new corporate alternative minimum tax IR-2022-229, December 27, 2022 — The Treasury Department and the Internal Revenue Service today issued Notice 2023-07, which provides interim guidance regarding the application of the new corporate alternative minimum tax (CAMT) until the issuance of proposed regulations. Treasury, IRS issue guidance on corporate stock repurchase excise tax in advance of forthcoming regulations IR-2022-228, December 27, 2022 — The Treasury Department and the Internal Revenue Service today issued Notice 2023-2, which provides interim guidance regarding the application of the corporate stock repurchase excise tax until the issuance of proposed regulations. Treasury, IRS provide transitional guidance for broker reporting on digital assets IR-2022-227, December 23, 2022 — The Treasury Department and Internal Revenue Service announced today that brokers are not required to report additional information with respect to dispositions of digital assets until final regulations are issued under sections 6045 and 6045A. IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K IR-2022-226, December 23, 2022 — The Internal Revenue Service today announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season. IRS releases frequently asked questions about energy efficient home improvements and residential clean energy property credits IR-2022-225, December 22, 2022 — The Internal Revenue Service today released frequently asked questions (FAQs) about energy efficient home improvements and residential clean energy property credits. Save for retirement now, get a tax credit later: Saver’s Credit higher limits can help low- and moderate-income workers save more in 2023 IR-2022-224, December 21, 2022 — The IRS reminds low- and moderate-income workers that they can save for retirement now and possibly earn a special tax credit in 2022 and years ahead. Treasury, IRS issue guidance on new Sustainable Aviation Fuel Credit IR-2022-223, December 19, 2022 — The Treasury Department and Internal Revenue Service today issued a notice regarding the Sustainable Aviation Fuel (SAF) credit. This is a new credit created by the Inflation Reduction Act of 2022. It applies to a qualified fuel mixture containing sustainable aviation fuel for certain sales or uses in calendar years 2023 and 2024. IRS announces new deputy chief for the Taxpayer Experience Office IR-2022-222, December 16, 2022 — The Internal Revenue Service announced Courtney Kay-Decker as the new Deputy Chief Taxpayer Experience Officer today. IRS presents its fiscal year 2022 Agency Financial Report IR-2022-221, December 15, 2022 — The Internal Revenue Service published its most recent Financial Report on the IRS.gov website, which provides a glimpse at IRS operations during the recently completed fiscal year 2022. IRS reminder: For many employers and self-employed people, deferred Social Security tax payment due Dec. 31 IR-2022-220, December 14, 2022 — The Internal Revenue Service today reminded employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax liability that their second annual installment of the deferred amount is due on December 31, 2022. IRS Independent Office of Appeals selects new deputy chief IR-2022-219, December 14, 2022 — The IRS Independent Office of Appeals has selected Elizabeth (Liz) Askey as its new deputy chief. In this role, she will provide leadership and direction over nationwide programs designed to fairly and impartially resolve tax controversies without litigation on behalf of the federal government and taxpayers. Treasury and IRS set out procedures for manufacturers, sellers of clean vehicles IR-2022-218, December 12, 2022 — The Treasury Department and Internal Revenue Service today issued a Revenue Procedure setting out key processes for manufacturers and sellers of clean vehicles. These processes are required for vehicles to be eligible for one or more clean vehicle tax incentives, including tax credits for new and previously owned clean vehicles, as well as for commercial clean vehicles. IRS reminds those over age 72 to start withdrawals from IRAs and retirement plans to avoid penalties IR-2022-217, December 12, 2022 — The Internal Revenue Service today reminded those who were born in 1950 or earlier that funds in their retirement plans and individual retirement arrangements face important upcoming deadlines for required minimum distributions to avoid penalties. Community and bilingual volunteers needed to provide free tax help in 2023 IR-2022-216, December 8, 2022 — The Internal Revenue Service is looking for volunteers to train for the upcoming filing season to provide free tax help in communities across the country. Bilingual volunteers are particularly needed. IRS seeking qualified applicants for the Electronic Tax Administration Advisory Committee IR-2022-215, December 7, 2022 — The Internal Revenue Service is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC). Applications will be accepted through January 31, 2023. Treasury and IRS propose regulations identifying syndicated conservation easement transactions as abusive tax transactions IR-2022-214, December 6, 2022 — The Treasury Department and Internal Revenue Service today issued proposed regulations identifying certain syndicated conservation easement (SCE) transactions as “listed transactions” – abusive tax transactions that must be reported to the IRS. Get Ready for taxes: What's new and what to consider when filing in 2023 IR-2022-213, December 6, 2022 — The Internal Revenue Service encouraged taxpayers to take important actions this month to help them file their 2022 federal tax returns. IRS updates frequently asked questions about the 2020 unemployment compensation exclusion IR-2022-212, December 2, 2022 — The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2020 unemployment compensation exclusion. IRS, Security Summit partners wrap up National Tax Security Awareness Week with steps businesses should take to prevent data loss, fraud IR-2022-211, December 2, 2022 — To wrap up National Tax Security Awareness Week, the Internal Revenue Service and the Security Summit partners today urged businesses to remain vigilant against cyberattacks aimed at stealing their customer’s personal information and other business data. National Tax Security Awareness Week, Day 4: Choosing a unique Identity Protection PIN adds extra safety for taxpayers IR-2022-210, December 1, 2022 — As part of a broader effort to increase security, the Internal Revenue Service and the Security Summit partners today reminded taxpayers they could get extra protection starting in January by joining the agency’s identity protection personal identification number (IP PIN) program. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
