e-News for Tax Professionals 2022-45

In addition to the more than 4,000 people recently hired to fill critical customer service representative positions, the IRS is now seeking more than 700 new employees to help taxpayers at taxpayer assistance centers (TACs) across the country. This increase in staffing is part of much wider IRS improvements enabled by the Inflation Reduction Act funding approved in August 2022. This news release is also available in Spanish and Simplified Chinese.

3.??Annual EA enrollment renewal application period underway

For enrolled agents (EAs) with Social Security numbers ending in 4, 5 or 6, renewal season began on Nov. 1, and you must renew by Jan. 31, 2023, to ensure you receive your new enrollment cards before current enrollments expire on March 31, 2023. EAs need to renew their credential every three years. EAs can submit their renewal application and payment online through Pay.gov.

4.??Treasury, IRS expand program for approving certain retirement plans

The Treasury Department and the IRS recently announced the expansion of one of their programs for approving retirement plans. The IRS will now allow 403(b) retirement plans, which are used by certain public schools, churches and charities, to use the same individually designed retirement plan determination letter program currently used by qualified retirement plans. Visit IRS.gov for more highlights on these changes.

5.??The IRS?s five-year strategic plan now available in Spanish

For the first time ever, the IRS?s Strategic Plan for Fiscal Years 2022-2026 is now available in Spanish. This aligns with the IRS's continued effort to expand tax resources in more languages to provide taxpayers with the service they deserve. The Strategic Plan will serve as a roadmap to help guide the agency's programs and operations. This news release is also available in Spanish.

6.??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.

The IRS Security Summit presents Deeper Dive into Emerging Cyber Crimes and Crypto Tax Compliance on Nov. 29 at 2 p.m. EST. Earn up to 1 CE credit.
Quarterly Update: Program & Policy Updates from SBA, DCEO, IRS, SBAC on Dec. 15 from 10 ? 11:15 a.m. EST.
2023 IRS/CSEA Practitioner Seminars on Jan. 18-19, 2023. Earn up to 9 hours of IRS qualified CPE (includes 2 hours of federal Ethics). Plus an additional 1 hour of California CE (no IRS credit).

7.??Technical Guidance

Rev. Proc. 2022-40 modifies Rev. Proc. 2016-37, 2016-29 IRB 136, which, in part, provides the circumstances under which a plan sponsor may submit a determination letter application to the Internal Revenue Service with respect to a qualified individually designed plan, to permit the submission of determination letter applications for section 403(b) individually designed plans.

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