e-News for Tax Professionals 2022-36

Remind your clients who pay estimated taxes that the deadline to submit their third quarter payment is Sept. 15. Visit IRS.gov for information about how to figure estimated tax, how to avoid an underpayment penalty and more resources. This news release is also available in Spanish and Simplified Chinese.

2.??Tax relief for Mississippi water crisis victims

Mississippi victims of the water crisis beginning Aug. 30, now have until Feb. 15, 2023, to file various individual and business tax returns and make tax payments. Following the recent disaster declaration issued by the Federal Emergency Management Agency (FEMA), the declaration permits the IRS to postpone certain tax-filing and tax-payment deadlines for taxpayers who reside or have a business in the disaster area.

3.??A Closer Look: Streamlining the 1023

In the most recent issue of A Closer Look, Sunita Lough, Commissioner, Tax Exempt/Government Entities Division, discusses the past, present and future of the Form 1023-EZ, which was launched in 2014 to help small charitable organizations seeking federal tax-exempt status. This executive column is also available in Spanish.

4.??Upcoming webinars for tax practitioners

The IRS presents the following webinars. For more information on each course and to register, visit the Webinars for Tax Practitioners webpage:

World of Offer in Compromise ? Follow-up Q&A Session on Sept. 14 at 2 p.m. EDT. Continuing education (CE) will not be offered.
Quarterly Update: Program & Policy Updates from SBA, DCEO, IRS, SBAC on Sept. 15 at 10 a.m. EDT.
Digital Day by the IRS?s Online Services on Sept. 15 at 2 p.m. EDT (earn up to 2 CE credits).
Bankruptcy and the IRS Presented by Chief Counsel on Sept. 20 at 2 p.m. EDT (earn up to 2 CE credits).
Understanding Form 1042-S, Foreign Person?s U.S. Source Income Subject to Withholding on Sept. 22 at 2 p.m. EDT (earn up to 2 CE credits).
28th Annual Tax Practitioner and IRS Fall Seminar on Oct. 26 at 11 a.m. EDT (earn up to 8 hours of CE credit).

5.??New charitable remainder trusts webpage

Visit the new charitable remainder trusts?webpage, now available on IRS.gov. Charitable remainder trusts are irrevocable trusts that let you donate assets to charity and draw annual income for life or for a specific time. Resources include how charitable remainder trusts work, reasons to create a charitable remainder trust, the various types and more.

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

The United States filed a complaint in the U.S. District Court for the Southern District of Texas to bar Houston area return preparer Jonathan Perry from preparing federal income tax returns for others. The complaint alleges that during 2017-2022, Perry ? individually and doing business as X-Pert Tax Services and as JONATHAN PERRY ? significantly overstated the customers? tax refunds, costing the United States more than an estimated $4.4 million in tax revenue.

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