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Tax Gap Closer to $1 Trillion – IRS Commissioner Rettig
The gap between taxes owed and taxes collected by the Internal Revenue Service could be approaching $1 trillion, IRS Commissioner Charles Rettig told members of the House Committee on Oversight and Re...

IRS’ Rettig Reiterates Backlog, Hiring Progress Before Senate Finance Committee
Internal Revenue Service Commissioner Charles Rettig remained positive that the agency will be able to return to a normal backlog of unprocessed returns and other mail correspondence by the end of the...

IRS Dispels Common Tax Refund Myths, IR-2022-80
The IRS addressed the following common myths about tax refunds:...

IRS Provides Reasons Why Some Tax Refunds Filed Electronically Take Longer than 21 Days, IR-2022-65
The IRS has informed taxpayers that the agency issues most refunds in less than 21 days for taxpayers who filed electronically and chose direct deposit. However, some refunds may take longer. The IRS ...

IRS Provides Information About 2022 Educator Deduction Increase, IR-2022-70
The IRS reminded educators that they will be able to deduct up to $300 of out-of-pocket classroom expenses when they file their federal income tax return for tax year 2022. This is the first time the ...

Letters Going Out to Taxpayers Missing Qualified Opportunity Fund Information, IR-2022-79
Taxpayers who may need to take additional actions related to Qualified Opportunity Funds (QOFs) should begin receiving letters from the IRS in April. Taxpayers who attached Form 8996, Qualified Opport...

IRS to Send Notices to Help Payers Correct Backup Withholding Errors, IR-2022-87
The IRS informed taxpayers that it will send Notices CP2100 and CP2100A notices to financial institutions, businesses, or payers who filed certain types of information returns that do not match IRS re...

Government Employees Who Receive Returns or Return Information Subject to Disclosure Restrictions, Rev. Rul. 2022-7
The IRS has issued a guidance stating that government employees who receive returns or return information pursuant to disclosures under Code Sect. 6103(c), are subject to the disclosure restrictions,...

Eligibility Requirements Waived for Individuals in Certain Countries Claiming Foreign Earned Income Exclusion, Rev. Proc. 2022-18
The IRS has provided a waiver for any individual who failed to meet the foreign earned income or deduction eligibility requirements of Code Sec. 911(d)(1) because adverse conditions in a foreign cou...

Filing Deadline for Petition to Review CDP Determination Nonjurisdictional, Eligible for Equitable Tolling, P.C. Boechler, SCt, 2022-1 USTC ¶50,142
The Supreme Court reversed and remanded a Court of Appeals decision and held that Code Sec. 6330(d)(1)’s 30-day time limit to file a petition for review of a collection due process (CDP) determinat...

GAO: IRS Faced Multiple Challenges During 2021 Tax Filing Season, GAO Report: Tax Filing—2021 Performance Underscores Need for IRS to Address Persistent Challenges (GAO-22-104938)
The Government Accountability Office (GAO) has issued a report on IRS’ performance during the 2021 tax filing season. The report assessed IRS’ performance during the 2021 filing season on: (1) pro...

Major tax changes expected under Trump Administration
One month after the presidential election, taxpayers are learning more about President-elect Donald Trump’s tax proposals for his administration. Although exact details, including legislative langua...

Are IRS Q&As authoritative guidance?
The Tax Code is among the most complex of all federal statutes. To explain the Code, the IRS issues guidance. Recently, the IRS has used the “Frequently Asked Question (FAQ)” format to explain som...

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