Tax benefits letter; NTFO seminars available; tax extension deadline; dye diesel penalty relief expanded; and more
 |
|||
|
|||
Useful Links:Stakeholders Partners' Training and Upcoming EventsSeminars, Workshops, Conferences, and Other Practitioner Activities By State:Alabama Kentucky North Dakota |
Issue Number: 2022-41Inside This Issue
1.??IRS sending letters to more than 9 million potentially eligible families who didn?t claim stimulus payments, EITC, CTC, other benefits The IRS is sending letters to more than 9 million individuals and families who appear to qualify for a variety of key tax benefits but did not claim them by filing a 2021 federal income tax return. Many in this group may be eligible to claim some or all of the 2021 Recovery Rebate Credit, the Child Tax Credit, the Earned Income Tax Credit and other tax credits depending on their personal and family situation. These and other tax benefits were expanded under last year's American Rescue Plan Act and other recent legislation. Even so, the only way to get the valuable benefits is to file a 2021 tax return. Also, to help people claim these benefits, without charge, Free File will remain open for an extra month this year, until Nov. 17. This news release is also available in Spanish and Simplified Chinese. 2.??Online seminars from 2022 IRS Nationwide Tax Forum now available Those who may have missed the 2022 IRS Nationwide Tax Forum now have a second chance to view 18 self-study seminars and earn continuing education credit through the 2022 Nationwide Tax Forums Online. This news release is also available in Spanish and?Simplified Chinese. 3.??Reminder: Tax extension deadline is Oct. 17 Taxpayers who requested an extension to file their 2021 tax return should remember that the deadline is Monday, Oct. 17.While Oct. 17 is the last day for most people to file a Form 1040 to avoid the late filing penalty, those who still need to file should do so as soon as possible. If your clients have their information ready, there's no need to wait. This news release is also available in Spanish?and Simplified Chinese. 4.??IRS expands dyed diesel penalty relief as a result of Hurricane Ian In response to continued disruptions resulting from Hurricane Ian, the IRS will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 parts-per-million is sold for use or used on the highway in the state of Florida. This penalty relief expands previously issued penalty relief that applied only to emergency vehicles. This relief is retroactive to Sept. 28 and will remain in effect through Oct. 19. 5.? Webinars for tax practitioners Tax pros: Here are some upcoming webinars for the tax practitioner community. For more information or to register, visit IRS.gov.
6.??Technical Guidance Notice 2022-52 modifies and amplifies provisions of Notice 2022?05, 2022?5 I.R.B. 457, by providing additional temporary relief from certain requirements under section 42 of the Internal Revenue Code for qualified low-income housing projects. Notice 2022-53 announces that the Department of the Treasury and the Internal Revenue Service intend to issue final regulations related to required minimum distributions under section 401(a)(9) of the Internal Revenue Code that will apply no earlier than the 2023 distribution calendar year. In addition, this notice provides guidance related to certain provisions of section 401(a)(9) that apply for 2021 and 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. |
||
?
| This email was sent to [email protected] by: Internal Revenue Service (IRS) ? Internal Revenue Service ? 1111 Constitution Ave. N.W. ? Washington DC 20535 |  |
