e-News for Tax Professionals 2022-26

The 2022 IRS Nationwide Tax Forum begins July 19, offering participants 32 webinars and the opportunity to earn up to 28 continuing education credits. Webinars will be offered every Tuesday, Wednesday and Thursday between July 19 and Aug. 18. All webinars must be viewed live, at the date and time listed on the schedule. Visit the IRS Nationwide Tax Forum website today to register.

2.??Electronic Tax Administration Advisory Committee issues annual report to Congress

The Electronic Tax Administration Advisory Committee (ETAAC) released its annual report to Congress, featuring recommendations focused on budget support for the IRS and enhancements to e-filing. The ETAAC is a public forum whose members work closely with the Security Summit, a joint effort of the IRS, state tax administrators and the nation's tax industry established in 2015 to fight tax-related identity theft and cybercrime.

3.??A Closer Look: The IRS?s continued efforts to improve service to diverse communities

In the recent executive column, A Closer Look, IRS Commissioner Chuck Rettig discusses how the IRS has prioritized enhancing services for the many diverse communities that comprise the United States. ?Over the course of the past few years, during the pandemic, IRS employees have demonstrated our respect for all people by successfully expanding our outreach into multiple languages and in historically underserved communities across the country,? said Rettig. ?We have made a significant difference in the lives of millions of people.? This column is also available in Spanish.

4.??IRS webinar: Understanding Form 2290, Heavy Highway Vehicle Use Tax

The IRS hosts the webinar, Understanding Form 2290: Heavy Highway Vehicle Use Tax, on July 7 at 2 p.m. EDT. This course is eligible for two continuing education (CE) credits. For more information and to register, visit the Webinars for Tax Practitioners page on IRS.gov.

5.? News from the Justice Department?s Tax Division

Sergio Sosa, a Utah professional tax preparer, pleaded guilty today to tax evasion, conspiring to defraud the United States and obstructing the IRS?s efforts to collect his personal tax debt. Sosa faces a maximum penalty of five years in prison for tax evasion, five years in prison for conspiring to defraud the United States and three years in prison for obstructing the IRS. He also faces a period of supervised release, restitution and monetary penalties.

6.??Technical Guidance

Notice 2022-30 announces that the Treasury Department and the IRS intend to amend the regulations under sections 59A and 6038A to defer the applicability date of certain provisions of the regulations relating to the reporting of section 59A qualified derivative payments until taxable years beginning on or after Jan. 1, 2025.

Notice 2022-31 provides guidance regarding the changes made by section 9707 of the American Rescue Plan Act of 2021 to the election of alternative minimum funding standards under section 430(m) of the Internal Revenue Code for a defined benefit pension plan that is a community newspaper plan or any other plan that is sponsored by an eligible newspaper plan sponsor.

Revenue Procedure 2022-26 provides the exclusive procedures for importers, exporters and interested parties to request a determination under section 4672(a)(2) of the Internal Revenue Code (Code) that a substance be added to or removed from the list of taxable substances under section 4672(a) of the Code. The Infrastructure Investment and Jobs Act, Public Law 117-58, 135 Stat. 429 (Nov. 15, 2021), reinstates the Superfund excise taxes imposed by sections 4661 and 4671 of the Internal Revenue Code, effective July 1, 2022.

?? ?? ?

Thank you for subscribing to e-News for Tax Professionals an IRS e-mail service.

If you have a specific concern about your client's tax situation, call the IRS Practitioner Priority Service 1-866-860-4259.

This message was distributed automatically from the mailing list e-News for Tax Professionals. Please Do Not Reply To This Message

To subscribe to or unsubscribe from another list, please go to the e-News Subscriptions page on the IRS Web site.

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com.

This service is provided to you at no charge by the Internal Revenue Service (IRS).

This email was sent to [email protected] by: Internal Revenue Service (IRS) ? Internal Revenue Service ? 1111 Constitution Ave. N.W. ? Washington DC 20535