Introduced beneath is our abstract of serious Inner Income Service (IRS) steerage and related tax issues for the week of April 3, 2022 – April 9, 2022.
April 4, 2022: The IRS issued a news release, saying that the appliance interval for 2023 grants underneath the Low Earnings Taxpayer Clinic (LITC) program, an IRS program created to help organizations in offering professional bono illustration to low-income and English as a second language (ESL) taxpayers in federal tax disputes, will start on or round Could 2, 2022.
April 4, 2022: The IRS issued a (*3*), saying that, upfront of the federal tax submitting deadline, free face-to-face tax preparation help will probably be offered at Taxpayer Help Facilities across the nation on April 9, 2022.
April 5, 2022: The IRS issued proposed regulations amending the eligibility necessities for the premium tax credit score underneath Part 36B of the Code. The proposed rules typically present that, for functions of figuring out eligibility for the premium tax credit score, the affordability of an employer-sponsored well being plan with respect to an worker’s relations is decided primarily based on the price of masking the worker and their relations, relatively than on the price of masking the worker individually.
April 6, 2022: The IRS issued a news release, reminding taxpayers who make estimated tax funds that the due date for the primary estimated tax installment is April 18, 2022.
April 8, 2022: The IRS launched its weekly checklist of written determinations (e.g., Personal Letter Rulings, Technical Recommendation Memorandums and Chief Counsel Recommendation).