From IRS Newswire <[email protected]>
Subject IR-2022-165: IRS updates answers to states and local governments on taxability and reporting of payments from Coronavirus State and Local Fiscal Recovery Funds
Date September 28, 2022 1:19 PM
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IRS Newswire September 28, 2022

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Issue Number:????IR-2022-165

Inside This Issue
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*IRS updates answers to states and local governments on taxability and reporting of payments from Coronavirus State and Local Fiscal Recovery Funds*

WASHINGTON ? The Internal Revenue Service today updated its frequently-asked-questions (FAQs) (FS-2022-36 [ [link removed] ]) on Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds). These funds give eligible state and local governments a substantial infusion of resources to meet pandemic response needs.

This update adds Question 15 through 17.

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible.

More information about reliance is available [ [link removed] ].

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