Weekly IRS Roundup April 10 – April 16, 2022

Introduced under is our abstract of great Inside Income Service (IRS) steerage and related tax issues for the week of April 10, 2022 – April 16, 2022. 

April 11, 2022: The IRS issued a news release, reminding taxpayers of the choice to acquire an Id Safety PIN to protect in opposition to tax-related id theft.

April 12, 2022: The IRS issued a news release saying the mailing of letters to sure taxpayers, notifying them of further actions that should be taken to adjust to the executive necessities relevant to Certified Alternative Funds (QOFs).

April 12, 2022: The IRS issued a news release addressing sure frequent misconceptions relating to revenue tax refunds.

April 13, 2022: The IRS issued a news release, urging taxpayers who’ve filed their 2021 particular person revenue tax returns to make use of the IRS Tax Withholding Estimator to make sure they’re topic to an applicable stage of wage withholding for 2022.

April 13, 2022: The IRS issued a news release, offering an replace to a Fact Sheet containing solutions to regularly requested questions relating to the 2020 Restoration Rebate Credit score, enacted as a part of the Coronavirus Support, Reduction and Financial Safety (CARES) Act.

April 13, 2022: The IRS issued a news release, offering an replace to a Fact Sheet containing solutions to regularly requested questions relating to the 2021 Restoration Rebate Credit score, enacted as a part of the American Rescue Plan Act of 2021 (ARPA).

April 14, 2022: The IRS issued a news release urging low- and moderate-income taxpayers to make use of IRS Free File to organize and electronically file their tax returns.

April 14, 2022: The IRS issued a news release, reminding taxpayers of the assets obtainable on irs.gov that may reply their tax questions.

April 15, 2022: The IRS issued Notice 2022-15, offering aid (for Q3 2022 by way of Q1 2023) with respect to penalties below Part 6656 of the Code for failure to make deposits of “Superfund” chemical taxes below Sections 4661 and 4671 of the Code, as reinstated by the Infrastructure Funding and Jobs Act (IIJA). The Discover additionally gives that, for Q1 2023 by way of Q3 2023, and topic to sure situations, the IRS won’t prohibit a taxpayer from utilizing the Treas. Reg. § 40.6302(c)-1(b)(2)(v) “deposit safe harbor” if the taxpayer fails to make deposits of Superfund chemical taxes.

April 15, 2022: The IRS issued a news release, notifying taxpayers that CP2100 and CP2100A notices, that are despatched semiannually to inform taxpayers who filed sure data returns that data on the returns doesn’t match IRS data, shall be despatched out starting in mid-April 2022.

April 15, 2022: The IRS issued a news release, reminding taxpayers of the April 18, 2022, deadline for submitting particular person revenue tax returns and sure different submitting obligations and noting sure related assets.

April 15, 2022: The IRS launched its weekly listing of written determinations (e.g., Non-public Letter Rulings, Technical Recommendation Memorandums and Chief Counsel Recommendation).

Particular due to Le Chen in our Washington, DC, workplace for this week’s roundup.

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