October 18, 2022
The IRS recently released Revenue Procedure 2022-38, announcing the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
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October 13, 2022
The Social Security Administration recently announced that individual taxable earnings of up to $160,200 annually will be subject to the old age, survivors and disability insurance tax in 2023.
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October 11, 2022
The IRS recently issued final regulations T.D. 9968, modifying the affordability test for employer-sponsored minimum essential coverage for the Sec. 36B premium tax credit to take into consideration the cost of covering an employee's family members.
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October 10, 2022
The IRS and Treasury Department recently issued Notice 2022-53, waiving the 50% penalty on missed 2021 and 2022 required minimum distributions for inherited retirement accounts within the 10-year payout rule.
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October 4, 2022
The Treasury Inspector General for Tax Administration recently released a report concluding that the IRS did not follow its formal written security policy and ran reduced vulnerability scans on its databases for at least three years starting in 2018.
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October 3, 2022
The IRS recently announced it will soon be updating sign-in procedures for some of its online applications to improve security.
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September 30, 2022
The IRS recently announced it is extending for another year the transition period during which taxpayers are provided 45 days to perfect a research and development credit claim for refund prior to the IRS’ final determination on the claim.
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September 28, 2022
The Treasury Inspector General for Tax Administration recently released a report presenting the results of its audit assessing the accuracy of IRS procedures in the distribution of last year’s advance Child Tax Credit payments.
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September 28, 2022
The IRS recently updated its frequently asked questions, FS-2022-36, on Coronavirus State and Local Fiscal Recovery Funds.
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September 28, 2022
The IRS is warning taxpayers of a recent increase in IRS-themed texting scams aimed at stealing personal and financial information.
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