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. News release and fact sheet archive Find previous year news releases and fact sheets from 1997 through last month.
