Clean vehicle procedures; Nationwide Tax Forums Online; deferred social security tax due; and more?

Bookmark and Share [ [link removed] ]

a { color:#0073AF !important;} a:hover { color:#004673 !important;}
IRS.gov Banner
e-News for Tax Professionals December 16, 2022

Useful Links:

IRS.gov [ [link removed] ]

Tax Professionals Home [ [link removed] ]

All Forms and Instructions [ [link removed] ]

Stakeholders Partners' [ [link removed] ]
Headliners [ [link removed] ]

Training and [ [link removed] ]
Communication Tools [ [link removed] ]

e-Services [ [link removed] ]

Taxpayer Advocate?Service [ [link removed] ]

Disaster Relief [ [link removed] ]

Internal Revenue Bulletins [ [link removed] ]

IRS Social Media [ [link removed] ]

________________________________________________________________________

Upcoming Events

Seminars, Workshops, Conferences, and Other Practitioner Activities By State:

Nationwide Webinars [ [link removed] ]

Alabama [ [link removed] ]
Alaska [ [link removed] ]
Arizona [ [link removed] ]
Arkansas [ [link removed] ]
California [ [link removed] ]
Colorado [ [link removed] ]
Connecticut [ [link removed] ]
Delaware [ [link removed] ]
District of Columbia [ [link removed] ]
Florida [ [link removed] ]
Georgia [ [link removed] ]
Hawaii [ [link removed] ]
Idaho [ [link removed] ]
Illinois [ [link removed] ]
Indiana [ [link removed] ]
Iowa [ [link removed] ]
Kansas [ [link removed] ]

________________________________________________________________________

Kentucky [ [link removed] ]
Louisiana [ [link removed] ]
Maine [ [link removed] ]
Maryland [ [link removed] ]
Massachusetts [ [link removed] ]
Michigan [ [link removed] ]
Minnesota [ [link removed] ]
Mississippi [ [link removed] ]
Missouri [ [link removed] ]
Montana [ [link removed] ]
Nebraska [ [link removed] ]
Nevada [ [link removed] ]
New Hampshire [ [link removed] ]
New Jersey [ [link removed] ]
New Mexico [ [link removed] ]
New York [ [link removed] ]
North Carolina [ [link removed] ]

________________________________________________________________________

North Dakota [ [link removed] ]
Ohio [ [link removed] ]
Oklahoma [ [link removed] ]
Oregon [ [link removed] ]
Pennsylvania [ [link removed] ]
Rhode Island [ [link removed] ]
South Carolina [ [link removed] ]
South Dakota [ [link removed] ]
Tennessee [ [link removed] ]
Texas [ [link removed] ]
Utah [ [link removed] ]
Vermont [ [link removed] ]
Virginia [ [link removed] ]
Washington [ [link removed] ]
West Virginia [ [link removed] ]
Wisconsin [ [link removed] ]
Wyoming [ [link removed] ]

________________________________________________________________________

Back to top [ #top ]


Issue Number: 2022-22

Inside This Issue

* Treasury, IRS set out procedures for manufacturers, sellers of clean vehicles [ #First ]
* Visit Nationwide Tax Forums Online for latest seminars in continuing education [ #Second ]
* Reminder: Deferred Social Security tax payment due Dec. 31 for many employers, self-employed people [ #Third ]
* IRS reminds those older than 72 to start withdrawals from IRAs, retirement plans to avoid penalties [ #Fourth ]
* IRS presents its fiscal year 2022 agency financial report [ #Fifth ]
* New deputy chiefs of Taxpayer Experience Office, IRS Independent Office of Appeals selected [ #Sixth ]
* Webinars for tax practitioners [ #Seventh ]
* News from the Justice Department?s Tax Division [ #Eighth ]
* Technical Guidance [ #Ninth ]
________________________________________________________________________

*1.??Treasury, IRS set out procedures for manufacturers, sellers of clean vehicles*________________________________________________________________________

The Treasury Department and the IRS issued a Revenue Procedure setting out key processes for manufacturers and sellers of clean vehicles [ [link removed] ]. These processes are required for vehicles to be eligible for one or more clean vehicle tax incentives, including tax credits for new and previously owned clean vehicles, as well as for commercial clean vehicles.

Back to top [ #top ]

________________________________________________________________________

*2.??Visit Nationwide Tax Forums Online for latest seminars in continuing education*________________________________________________________________________

Tax pros: If you?re in need of continuing education (CE) credits before the end of the year, visit the IRS Nationwide Tax Forums Online [ [link removed] ] (NTFO) webpage. NTFO features 18 new self-study seminars that offer options for Ethics, Federal Tax Law and Federal Tax Law Update CE credits. Some of the available seminars include:


* *Helping You and Your Clients Steer Clear of Fraud and Scams.* During the holiday season, there?s often an increase in fraudulent activities and scams. Check out the tips and information shared by the Treasury Inspector General for Tax Administration (TIGTA).
* *Tax Law Changes for TY2022*, which provides a general overview of the 2023 filing season tax law changes, as illustrated by the impact on tax forms, instructions and publications.
* *Professional Responsibility Obligations when Practicing before the IRS: OPR and Circular 230*, which provides an introduction to Circular 230 and the Office of Professional Responsibility, define who is a ?practitioner? and the obligations practitioners have to their clients and the IRS, and more.

The 18 self-study seminars, four of which are available in both English and Spanish, were recorded during the 2022 IRS Nationwide Tax Forum. Please note: If you take both the Spanish and English versions of a seminar, you will be eligible to receive only one CE credit. For a complete list of seminars, how to register and more, visit the Nationwide Tax Forums Online webpage [ [link removed] ].

Back to top [ #top ]

________________________________________________________________________

*3.??Reminder: Deferred Social Security tax payment due Dec. 31 for many employers, self-employed people*________________________________________________________________________

For employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax liability [ [link removed] ], their second annual installment of the deferred amount is due on Dec. 31, 2022. As part of the COVID relief provided during 2020, employers could choose to put off paying the employer's share of their Social Security tax liability. Self-employed individuals could also choose to defer a similar amount of their self-employment tax. Generally, half of that deferral was due on Dec. 31, 2021. The other half is due on Dec.31, 2022. This news release is also available in Spanish [ [link removed] ] and Simplified Chinese [ [link removed] ].

Back to top [ #top ]

________________________________________________________________________

*4.? IRS reminds those older than 72 to start withdrawals from IRAs, retirement plans to avoid penalties*________________________________________________________________________

If you have clients who were born in 1950 or earlier, funds in their retirement plans and individual retirement arrangements face important upcoming deadlines [ [link removed] ] for required minimum distributions to avoid penalties. Visit IRS.gov for more information about required minimum distribution rules. This news release is also available in Spanish [ [link removed] ] and Simplified Chinese [ [link removed] ].

Back to top [ #top ]

________________________________________________________________________

*5.??IRS presents its fiscal year 2022 agency financial report*________________________________________________________________________

The IRS published its most recent financial report [ [link removed] ], which provides a glimpse at IRS operations during the recently completed fiscal year 2022. This update highlights the agency?s fiscal actions and financial management activities. During FY2022, the IRS received more than $4.9 trillion in tax revenue and distributed $642 billion in federal tax refunds and other outlays.

Back to top [ #top ]

________________________________________________________________________

*6.??New deputy chiefs of Taxpayer Experience Office, IRS Independent Office of Appeals selected*________________________________________________________________________

The IRS announced Courtney Kay-Decker [ [link removed] ] as the new Deputy Chief Taxpayer Experience Officer. Under the leadership of Chief Taxpayer Experience Officer Ken Corbin, Kay-Decker will lead IRS efforts to improve the taxpayer experience including driving the strategy for taxpayer interactions, monitoring and prioritizing the taxpayer experience, coordinating identification of taxpayer trends and best practices, and collaborating on the implementation of Servicewide taxpayer experience improvements.

Also, the IRS Independent Office of Appeals has selected Elizabeth (Liz) Askey [ [link removed] ] as its new Deputy Chief. In this role, Askey will provide leadership and direction over nationwide programs designed to resolve tax controversies fairly and impartially without litigation on behalf of the federal government and taxpayers.

Back to top [ #top ]

________________________________________________________________________

*7.??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 [ [link removed] ].


* *Utah Virtual Practitioner Seminar 2022* on Dec. 21. Earn up to 8 hours of CE credits.
* *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).

Tax professionals are also encouraged to visit the IRS Nationwide Tax Forums Online [ [link removed] ] for additional continuing education opportunities.

Back to top [ #top ]

________________________________________________________________________

*8.??News from the Justice Department?s Tax Division*________________________________________________________________________

The United States filed a complaint in the U.S. District Court for the Northern District of Texas seeking to bar Kevin Murphy [ [link removed] ], a Dallas-area licensor of tax preparation businesses, and his business, from franchising or licensing the tax preparation business and from assisting in the preparing of federal income tax returns for others.

Jonas Purisch [ [link removed] ] of Baltimore was sentenced to three years in prison for not paying employment taxes to the IRS on behalf of his company?s employees. In addition to the term of imprisonment, Purisch has been ordered to serve three years of supervised release and to pay approximately $3.4 million in restitution to the United States.

Back to top [ #top ]

________________________________________________________________________

*9.??Technical Guidance*________________________________________________________________________

Notice 2023-05 [ [link removed] ] sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for December 2022 used under section 417(e)(3)(D), the 24-month average segment rates applicable for December 2022, and the 30-year Treasury rates, as reflected by the application of section 430(h)(2)(C)(iv).

Revenue Procedure 2022-42 [ [link removed] ] sets forth the procedures under section 30D(d)(3) of the Internal Revenue Code (Code) for qualified manufacturers to enter into a written agreement with the Secretary of the Treasury or her delegate under which such manufacturer agrees to make periodic written reports to the Secretary providing vehicle identification numbers and such other information related to each vehicle that is eligible for a clean vehicle credit manufactured by such manufacturer as the Secretary may require.

Revenue Procedure 2022-43 [ [link removed] ] sets forth the final qualified intermediary (QI) withholding agreement (QI agreement) entered into by the Internal Revenue Service and certain foreign persons under Treas. Reg. section 1.1441-1(e)(5) and (6). The QI agreement currently in effect in Rev. Proc. 2017-15, 2017-3 I.R.B. 437, expires on Dec. 31, 2022 (the 2017 QI Agreement).

Revenue Ruling 2023-01 [ [link removed] ] provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, and the adjusted federal long-term tax-exempt rate.

Back to top [ #top ]

________________________________________________________________________

FaceBook Logo [ [link removed] ]??YouTube Logo [ [link removed] ] ?Instagram Logo [ [link removed] ]? Twitter Logo [ [link removed] ] ?LinkedIn Logo [ [link removed] ]

________________________________________________________________________

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 [ [link removed] ] page on the IRS Web site.



?

________________________________________________________________________

Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page [ [link removed] ]. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com [ [link removed] ].

This service is provided to you at no charge by the Internal Revenue Service (IRS) [ [link removed] ].


body .abe-column-block {min-height: 5px;} ________________________________________________________________________

This email was sent to [email protected] by: Internal Revenue Service (IRS) ? Internal Revenue Service ? 1111 Constitution Ave. N.W. ? Washington DC 20535 GovDelivery logo [ [link removed] ]
body .abe-column-block { min-height: 5px; } table.gd_combo_table img {margin-left:10px; margin-right:10px;} table.gd_combo_table div.govd_image_display img, table.gd_combo_table td.gd_combo_image_cell img {margin-left:0px; margin-right:0px;}