Taxpayers now have until Jan. 10, 2024, to supply missing information within 45
days of submitting a Sec. 41 research and development credit refund claim under
new requirements.
Under Notice 2022-44, the high-low method rates will be slightly higher and the
list of high-cost localities in the continental United States is revised, both
effective Oct. 1.
A downloadable booklet describes the Gramm-Leach-Bliley Act’s safeguards rule
and includes a template for a firm’s required written information security plan.
The Inflation Reduction Act passed by the Senate on Sunday includes many tax
items, some designed to raise revenue and others to promote various clean energy
initiatives.
National Taxpayer Advocate Erin Collins escalated her push for the IRS to adopt
barcode scanning of paper tax returns, but the IRS would commit only to a goal
of third-party scanning for certain 2022 returns.
The IRS’s fiscal 2022–26 Strategic Plan sets out goals to modernize its
operations and interactions with taxpayers while adapting to new challenges and
threats.
Temporary waiving of fingerprinting and identification procedures for new
federal employees due to the pandemic could have allowed access to taxpayer data
by individuals who were ineligible for federal employment.
The IRS deploys more AI-powered phone abilities, enabling taxpayers calling the
Service to authenticate their identifies and arrange to pay tax liabilities.
Sketchy operations target tax debtors for offers in compromise, and preparers
who remain anonymous on returns generally have something to hide, the IRS says
in its ongoing series.
The US Government Accountability Office found disparities in the distribution of
some tax items, but notes impediments to knowing taxpayers’ race, ethnicity, and
sex.
The IRS responds to a report by the Treasury Inspector General for Tax
Administration that pointed to the March 2021 incident as one example
demonstrating a need for the Service to increase e-filing options.