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Issue Number:? 2022-32Inside This Issue
1.??Tax Pros: Create a written data security plan The Security Summit partners unveiled a special new sample security plan designed to help tax professionals, especially those with smaller practices, protect their data and information. The special plan, called a Written Information Security Plan (WISP), is outlined in a 29-page document that's been worked on by members of the Security Summit, including tax professionals, software and industry partners, representatives from state tax groups and the IRS. This news release is also available in Spanish and Simplified Chinese. 2.??Final week at the 2022 IRS Nationwide Tax Forum The 2022 IRS Nationwide Tax Forum hosts its fifth and final week of the program beginning Tuesday, Aug. 16. Register today for the opportunity to visit with IRS staff and industry exhibitors in the virtual expo, take part in the IRS executive Q&A sessions, focus groups and IRS product demos, and have access to the following livestreamed webinars in English and Spanish:
Please note, the Spanish webinars were also offered in English. Registrants who attend both the English and Spanish webinars will receive only one CE credit. For the full webinar schedule, descriptions of the webinar topics and to register, visit the tax forum website. 3.??IRS webinar: Foreign Tax Credit ? Individuals The IRS hosts the webinar, Foreign Tax Credit ? Individuals, on Aug. 23, at 2 p.m. EDT. This course is eligible for one continuing education (CE) credit. For more information and to register, visit the Webinars for Tax Practitioners page on IRS.gov. 4.??Missouri storm, flooding victims now eligible for tax relief? Storm victims in parts of Missouri now have until Nov. 15, 2022, to file various individual and business tax returns and make tax payments. Individuals and households that reside or have a business in the Independent City of St. Louis, as well as St. Charles, Montgomery and St. Louis counties in Missouri, qualify for tax relief. The same relief will be available to any other locality added later by FEMA. This news release is also available in Simplified Chinese. 5.??Truckers need to file by Aug. 31 deadline, e-file encouraged If you have clients who have registered, or are required to register, large trucks and buses, it's time for them to file Form 2290, Heavy Highway Vehicle Use Tax Return. The IRS strongly encourages using e-file and filing before the payment deadline of Aug. 31, 2022, for vehicles first used in July 2022. This news release is also available in Spanish and Simplified Chinese. 6.??Maximum educator expense deduction rises to $300 in 2022 As the new school year begins, teachers and other educators will be able to deduct up to $300 of out-of-pocket classroom expenses for 2022 when they file their federal income tax return next year. Visit IRS.gov for more information about who qualifies, what?s deductible and more. This news release is also available in Spanish and Simplified Chinese. 7.??Some things to know about crowdfunding, taxes Crowdfunding is a popular way to raise money online. People often use crowdfunding to fundraise for a business, for charity or for gifts. It's important to know that money raised through crowdfunding may be taxable. This IRS tax tip is also available in Spanish. 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. |
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