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The Reminders section of Publication 17, Your Federal Income Tax has been updated to reflect the increase in the maximum Additional Child Tax Credit (ACTC) amount for each qualifying child to $1,600 for 2023.

Updating to reference Notice 2023-42 to multiple product pages for underpayments applicable to the new corporate alternative minimum tax (CAMT).

Information about Form 7204, Consent To Extend the Time To Assess Tax Related to Contested Foreign Income Taxes—Provisional Foreign Tax Credit Agreement, including recent updates, related forms and instructions on how to file. Form 7204 is used for elections to claim a provisional credit for contested foreign income taxes as provided in Provisional Foreign Tax Credit agreement.

Information about Form 3949-A, Information Referral, including recent updates, related forms and instructions on how to file. Use Form 3949-A, Information Referral to report alleged tax law violations by an individual, a business or both.

Information about Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions, including recent updates, related forms and instructions. Form W-4R is used so your payer can withhold the correct amount of federal income tax from your nonperiodic payment(s) or eligible rollover distribution from an employer retirement plan, annuity (including a commercial annuity), or individual retirement arrangement (IRA).

Information about Form 7205, Energy Efficient Commercial Buildings Deduction, including recent updates, related forms, and instructions on how to file. Form 7205 is used by qualified business entities and individuals to calculate and claim the deduction under section 179D for qualifying energy efficient commercial building property placed in service during the tax year; identify yourself as a designer or the building owner; provide information on the person performing the certification; and provide information on the person completing the allocation.

Information about Form 8453-WH, E-file Declaration for Form 1042, including recent updates, related forms, and instructions on how to file. Form 8453-WH is used to authenticate an electronic Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons; authorize the electronic return originator (ERO), if any, to transmit via a third-party transmitter; authorize the intermediate service provider (ISP) to transmit via a third-party transmitter if you are filing online (not using an ERO); and provide consent to authorize an electronic funds withdrawal for payment of the balance due on Form 1042.

To help taxpayers reconcile and receive 2021 CTC, the IRS is sending letter 6419, Advance Child Tax Credit Reconciliation from late December 2021 through January 2022.

Letter 6475 helps EIP recipients determine if they’re eligible to claim the Recovery Rebate Credit on their 2021 tax year returns.

The text of the instructions for Part I, line 5 incorrectly advises the taxpayer to enter the carryover of any disallowed deduction from the 2019 tax year on line 13 in the 2021, 2022, and 2023 Instructions for Form 4562.