etrent17/irs-articles huggingface dataset:
IR-2022-170, October 4, 2022
WASHINGTON — The Internal Revenue Service Independent Office of Appeals is taking important steps to improve how taxpayers interact and communicate with the IRS by revising their initial contact letters.
"Appeals resolves federal tax disputes, without litigation, in a way that is fair and impartial to taxpayers and the government," said April Adams-Johnson, the Senior Level Advisor to the Chief of Appeals and Appeals' first Taxpayer Experience Officer. "Typically, at the start of the process, the Appeals Officer assigned the case sends a letter with some introductory information and invites the taxpayer or their representative to a conference. We want this letter to be clear and easy to understand for all taxpayers."
Appeals has made two key revisions to these initial contact letters in response to feedback from taxpayers and practitioners.
First, the revised initial contact letter will clarify that generally, taxpayers and representatives can choose how they meet with Appeals through conferences that can be held by telephone, video or in-person. In addition, Appeals can work with taxpayers and representatives through the mail or secure electronic messaging. Appeals employees can successfully resolve disputes in every type of conference and the type of conference does not impact Appeals' decision.
Second, in addition to the Appeals Officer's contact information, the initial contact letter will now provide the name and phone number of the Appeals Officer's manager. While the Appeals Officer remains the primary contact for all their assigned cases, the addition of the manager's contact information will ensure an appeal stays on track in the rare instance additional help is needed.
Going forward, taxpayers and representatives will see the new language providing manager contact information and clarifying conference choice in the initial contact letters sent for most cases received in Appeals, including cases relating to an IRS examination determination, penalties, an offer in compromise, a request for a Collection Due Process hearing or participation in IRS e-file.
"We recognize that improving the taxpayer experience is a continuing process," said Adams-Johnson. "Appeals welcomes comments on additional ways we can help create a more positive experience for taxpayers and representatives, whether through revisions to our communications or through other process improvements."
Individuals may submit their comments to ap.taxpayer.experience@irs.gov by December 2, 2022.
IR-2022-208, November 29, 2022
WASHINGTON — The Treasury Department and Internal Revenue Service today announced guidance providing taxpayers information on how to satisfy the prevailing wage and apprenticeship requirements for enhanced tax benefits under the Inflation Reduction Act. The guidance will be published in the Federal Register tomorrow.
Notice 2022-61 explains how taxpayers – generally builders, developers, and owners of clean energy facilities – receive the increased tax credits or deduction amounts by satisfying the wage and apprenticeship requirements as provided for in this notice. For instance, the notice provides guidance on what constitutes a prevailing wage and the determination of qualified apprenticeships with accompanying examples.
The publication of this notice in tomorrow's Federal Register begins the 60-day period in which taxpayers must begin construction of a facility (or installation under the rules for expensing energy efficient commercial building property) to receive the enhanced tax benefits without satisfying the prevailing wage and apprenticeship requirements as described in this notice.
Finally, this notice provides guidance for determining the "beginning of construction" (and "installation" for purposes of the rules for deductions for the cost of energy efficient commercial building property placed in service during the tax year).
IR-2022-207, November 29, 2022
WASHINGTON — The Internal Revenue Service announced today that the IRS Office of Chief Counsel partnered with the American Bar Association Tax Section to hold its first centralized National Virtual Settlement Event. This four-day event was inspired by the monthlong virtual event held in March 2021 during the height of the COVID-19 pandemic.
Over the course of four days, an exceptional number of cases were settled: a total of 44. There were at least 59 meetings from October 24 through October 27 that included taxpayers, pro bono attorneys and representatives of the IRS Office of Chief Counsel.
In contrast to past Settlement Day events that are generally organized locally for taxpayers with a nearby place of trial, this one was organized at the national level to support unrepresented taxpayers who may not be able to attend a local event.
"This groundbreaking event provided an easier process for taxpayers to get their cases settled," said Acting Commissioner Doug O'Donnell. "We are proud of the IRS Office of Chief Counsel for being innovative and making it more convenient to those who may not be able to attend a local event."
The event took place in close coordination between the Tax Section of the ABA which was celebrating its annual Pro Bono Week, and local Low Income Taxpayer Clinics. More than 75 volunteers from the ABA Tax Section, including numerous Low Income Taxpayer Clinics and private pro bono attorneys, provided free legal support. IRS Revenue Officers and Tax Computations Specialists further supported this event by explaining collection options and generating settlement computations.
The National Virtual Settlement event does not replace local or in-person Settlement Day events but instead offers taxpayers greater access to free legal advice and support for their Tax Court cases.
Settlement Day events are coordinated efforts to resolve cases in the United States Tax Court by providing taxpayers not represented by counsel the opportunity to receive free tax advice from Low Income Taxpayer Clinics, ABA volunteer attorneys and other pro bono organizations. Taxpayers can also discuss their Tax Court cases and resolve related tax issues with members of the IRS Office of Chief Counsel and IRS Collection. By doing so, unrepresented taxpayers are often able to amicably settle their tax disputes without a trial.
IR-2022-206, November 29, 2022
WASHINGTON — The Internal Revenue Service today announced that interest rates will increase for the calendar quarter beginning January 1, 2023.
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, up from 6% for the quarter that began on October 1. Here is a complete list of the new rates:
7% for overpayments (payments made in excess of the amount owed), 6% for corporations.
4.5% for the portion of a corporate overpayment exceeding $10,000.
7% for underpayments. (taxes owed but not fully paid)
9% for large corporate underpayments.
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point.
The interest rates announced today are computed from the federal short-term rate determined during October 2022. See the revenue ruling for details.
Revenue Ruling 2022-23PDF announcing the rates of interest will appear in Internal Revenue Bulletin 2022-51, dated December 19, 2022.
IR-2022-201, November 17, 2022
WASHINGTON — The Internal Revenue Service today reminded IRA owners age 70½ or over of their option to transfer up to $100,000 to charity tax-free each year.
These transfers, known as qualified charitable distributions or QCDs, offer eligible older Americans a great way to easily give to charity before the end of the year. Moreover, for those who are at least 72, QCDs count toward the IRA owner's required minimum distribution (RMD) for the year.
How to set up a QCD
Any IRA owner who wishes to make a QCD for 2022 should contact their IRA trustee soon so the trustee will have time to complete the transaction before the end of the year.
Normally, distributions from a traditional individual retirement arrangement (IRA) are taxable when received. With a QCD, however, these distributions become tax-free as long as they're paid directly from the IRA to an eligible charitable organization.
QCDs can be made electronically, directly to the charity, or by check payable to the charity.
An IRA distribution, such as an electronic payment made directly to the IRA owner, does not count as a QCD. Likewise, a check made payable to the IRA owner is not a QCD.
Each year, an IRA owner age 70½ or over can exclude from gross income up to $100,000 of these QCDs. For a married couple, if both spouses are age 70½ or over and both have IRAs, each spouse can exclude up to $100,000 for a total of up to $200,000 per year.
The QCD option is available regardless of whether an eligible IRA owner itemizes deductions on Schedule A. Transferred amounts are not taxable, and no deduction is available for the transfer.
Report correctly
A 2022 QCD must be reported on the 2022 federal income tax return, normally filed during the 2023 tax filing season.
In early 2023, the IRA owner will receive Form 1099-R from their IRA trustee that shows any IRA distributions made during calendar year 2022, including both regular distributions and QCDs. The total distribution is in Box 1 on that form. There is no special code for a QCD.
Like other IRA distributions, QCDs are shown on Line 4 of Form 1040 or Form 1040-SR. If part or all of an IRA distribution is a QCD, enter the total amount of the IRA distribution on Line 4a. This is the amount shown in Box 1 on Form 1099-R.
Then, if the full amount of the distribution is a QCD, enter 0 on Line 4b. If only part of it is a QCD, the remaining taxable portion is normally entered on Line 4b.
Either way, be sure to enter "QCD" next to Line 4b. Further details will be in the final instructions to the 2022 Form 1040.
Get a receipt
QCDs are not deductible as charitable contributions on Schedule A. But, as with deductible contributions, the donor must get a written acknowledgement of their contribution from the charitable organization, before filing their return.
In general, the acknowledgement must state the date and amount of the contribution and indicate whether the donor received anything of value in return. For details, see the Acknowledgement section in Publication 526, available on IRS.gov.
For more information about IRA distributions and QCDs, see Publication 590-B, also available on IRS.gov.
IR-2022-200, November 15, 2022
WASHINGTON — The Internal Revenue Service Advisory Council (IRSAC) today issued its annual report for 2022PDF, including recommendations to the IRS on new and continuing issues in tax administration.
The 2022 Public Report includes recommendations on 21 issues covering a broad range of topics including:
IRS business and information technology modernization.
Reduction in electronic filing threshold for information return filers.
Alignment of electronic signature requirements on withholding certificates.
Accelerated issuance of IRS Form 6166, Certification of U.S. Residency.
The Examination Customer Coordination and Innovation Office.
Series 8038 Form Redesign and Updates.
Business Master File (BMF) Transcript Delivery Service (TDS).
In addition, the report "emphasizes the need for consistent and multi-year funding for the IRS to achieve its goals of providing efficient, effective, modern service to the nation's taxpayers." It also "provides targeted feedback to improve the taxpayer experience while supporting crucial enforcement efforts and navigating a rapidly changing digital environment."
The IRSAC serves as a federal advisory committee to the IRS commissioner that provides an organized public forum for discussion of relevant tax administration issues between IRS officials and representatives of the public. IRSAC members offer constructive observations regarding current or proposed IRS policies, programs and procedures.
The IRSAC is administered under the Federal Advisory Committee Act by the Office of National Public Liaison, part of IRS Communications and Liaison, and draws its members from the taxpaying public, the tax professional community, representatives of the low-income community, small and large businesses, tax-exempt and government entities, the payroll industry and academia. Five subgroups report to the parent council:
Information Reporting
Large Business & International
Small Business/Self-Employed
Tax Exempt/Government Entities
Wage & Investment
Acting Commissioner Doug O'Donnell and IRS executives thanked 10 members of the council whose terms end this year:
W. Edward Afield – Afield served on the Small Business/Self Employed Subgroup.
Robert Howren – Howren served on the Large Business & International Subgroup.
Denise Jackson – Jackson served on the Wage & Investment Subgroup.
Kathleen Lach – Lach served on the Small Business/Self Employed Subgroup.
Carol Lew – Lew served as Chair of IRSAC.
Kelly Myers – Myers served on the Small Business/Self Employed Subgroup.
Joseph Novak – Novak served as Chair of the Large Business & International Subgroup.
Robert Panoff – Panoff served as Chair of the Small Business/Self Employed Subgroup.
Katie Sunderland – Sunderland served on the Large Business & International Subgroup.
Kevin Valuet – Valuet served on the Information Reporting Subgroup.
IR-2022-198, November 10, 2022
WASHINGTON — The Internal Revenue Service announced today that, for the first-time ever, the agency's Strategic Plan for Fiscal Years 2022-2026 is now available in Spanish. This announcement aligns with the IRS's continued effort to expand tax resources in more languages to provide taxpayers with the service they deserve.
As part of the agency's new five-year Strategic Plan, the IRS has committed to increase the availability of services and tax products that are easy to use and support the needs of all communities. Recent multilingual efforts include the addition of a translation of the Instructions for Form 8821, Tax Information Authorization, in traditional Chinese as well as an expansion of its multilingual products, Braille, text, audio and large print products available in Spanish.
The Strategic Plan will serve as a roadmap to help guide the agency's programs and operations. Developed with input from external partners as well as IRS employees, the plan focuses on four goals that will help improve customer service:
Service – Provide quality and accessible services to enhance the taxpayer experience.
Enforcement – Enforce the tax law fairly and efficiently to increase voluntary compliance and narrow the tax gap.
People – Foster an inclusive, diverse and well-equipped workforce and strengthen relationships with our external partners.
Transformation – Transform IRS operations to become more resilient, agile and responsive to improve the taxpayer experience and narrow the tax gap.
The IRS also has a Languages webpage available in 20 languages to help taxpayers find basic tax information. Some of the multilingual resources include the Taxpayer Bill of Rights, e-file resources and many tax forms, instructions and publications.
IR-2022-196, November 7, 2022
WASHINGTON — The Treasury Department and Internal Revenue Service today 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.
Revenue Procedure 2022-40PDF details this expansion and includes other changes affecting individually designed retirement plans.
Highlights of these changes:
Revenue Procedure 2022-40 contains the following notable additions for 403(b) retirement plans:
Expansion for initial plan determination – Beginning June 1, 2023, 403(b) retirement plan sponsors may submit determination letter applications for all initial individually designed retirement plans based on the sponsor's Employer Identification Numbers. (For further details, see section 12 of Revenue Procedure 2022-40PDF.)
Terminations – Beginning June 1, 2023, 403(b) retirement plan sponsors may also request a determination letter upon plan termination on a Form 5310, Application for Determination for Terminating Plan, or at any time thereafter without regard to their EIN.
Notable changes to procedures for submitting and processing individually designed retirement plans include:
Prior letter issued to a Pre-approved Plan adopter not treated as an initial plan determination – A determination letter issued to an adopter of a pre-approved retirement plan as a result of filing a Form 5307, Application for Determination for Adopters of Modified Volume Submitter Plans, is no longer considered in determining whether a plan sponsor is eligible to submit that plan for a determination letter for an initial plan determination on a Form 5300, Application for Determination for Employee Benefit Plan.
Scope of review – IRS generally will consider in its review qualification requirements and section 403(b) requirements that are in effect, or that have been included on a Required Amendments List, on or before the last day of the second calendar year preceding the year in which the determination letter application is submitted, subject to any specified modifications on the annual Employee Plans revenue procedure that provides the administrative and procedural rules for submitting determination letter applications, currently Revenue Procedure 2022-4.
These rules will apply to submissions of all individually designed retirement plans.
Revenue Procedure 2023-4, currently in development, will be released in the near future and will contain additional changes to procedural requirements for plan submissions, such as phasing-in mandatory e-submission of determination letter requests. Forms 5300 and 5310 will also be updated to reflect these changes.
IR-2022-195, November 4, 2022
WASHINGTON — Today, the IRS Independent Office of Appeals released its focus guidePDF for fiscal year 2023. Appeals is taking important steps to expand communications with external stakeholders and to improve taxpayer access to Appeals. Promoting transparency and taxpayer access helps Appeals fulfill its mission to resolve tax disputes in a fair and impartial manner without the need for litigation.
The focus guide outlines the taxpayer service initiatives you can expect over the coming year, including:
Increasing stakeholder outreach – including to historically marginalized and limited English proficient communities—about the appeals process.
Improving access to in-person and video conferences and revising letters and notices to ensure taxpayers understand that it is generally their choice how to meet with Appeals.
Leveraging technology to improve how Appeals works and manages its cases.
Continuing the Practitioner Perspectives series in which tax practitioners share insights and feedback with Appeals employees. Recordings of prior panel discussions on Collection Appeals and Examination Appeals are available.
Developing training for Appeals employees on enhancing customer engagement.
"We are excited to share Appeals' 2023 priorities," said Andy Keyso, Chief of Appeals. "We will keep doing all we can to promote a positive experience for taxpayers and practitioners, while building upon our past accomplishments and applying lessons we learned from the challenges posed by COVID-19."
A key success in 2022 is how Appeals addressed a significant increase in cases referred for settlement after the taxpayer filed a petition in the United States Tax Court. Many of these cases involved taxpayers without legal representation and resulted from communications challenges and difficulties in obtaining and sharing documents during the pandemic.
To avoid further delays, Appeals prioritized these docketed cases and dedicated additional resources to promptly resolve them. Appeals shared guidelinesPDF for how employees would streamline their approach to these cases with the public in April 2022. Under these guidelines, Appeals attempted to reach affected taxpayers by telephone shortly after receiving the cases. In addition, Appeals considered specific-dollar settlements, expedited tax computation, and streamlined internal documentation of proposed settlements. As always, Appeals Officers applied their professional judgment, including to accept oral testimony where appropriate, to settle the cases efficiently.
Using this approach, Appeals resolved all 7,500 docketed cases pending when the initiative began. To achieve permanent improvements to the taxpayer experience, the IRS is working to increase the number of cases resolved at the earliest stage possible—before a dispute arises.
"Ensuring that taxpayers and practitioners are satisfied with the appeals process is an ongoing goal for us," said Shahid Babar, Acting Deputy Chief of Appeals. "The 2023 focus guide is a way to share with the public and with employees our ideas for continually improving how Appeals resolves tax disputes."
IR-2022-193, November 3, 2022
WASHINGTON — The Internal Revenue Service today issued three notices asking for comments on different aspects of extensions and enhancements of energy tax benefits in the Inflation Reduction Act. The IRS anticipates that constructive comments from interested parties will aid the agency in drafting the guidance items most reflective of the needs of taxpayers entitled to claim energy credits.
Notice 2022-56PDF requests comments related to the qualified commercial clean vehicles provisions and the alternative fuel vehicle refueling property.
	 
Notice 2022-57PDF requests comments related to the credit for carbon capture.
	 
Notice 2022-58PDF requests comments related to the credit for the production of clean hydrogen and the clean fuel production credit. 
The IRS is requesting that those interested in providing feedback to the questions in the notices follow the instructions in the notices to reply by December 3, 2022.
The latest information on energy guidance and other issues related to the Inflation Reduction Act is available on a special page on IRS.gov.
IR-2022-235, December 29, 2022
WASHINGTON — The Treasury Department and Internal Revenue Service today issued Revenue Procedure 2023-11PDF providing updated guidelines for accounting method changes for specified research or experimental expenditures.
The new guidance, posted today on IRS.gov, modifies and supersedes Revenue Procedure 2023-8PDF, issued earlier this month. Revenue Procedure 2023-11 is designed to encourage timely compliance with changes made by the Tax Cuts and Jobs Act, enacted in 2017.
In general, the TCJA changes apply for specified research or experimental expenditures paid or incurred in taxable years beginning after December 31, 2021.
IR-2022-234, December 29, 2022
WASHINGTON — The Internal Revenue Service today issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the rate for the second half of 2022.
22 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, consistent with the increased midyear rate set for the second half of 2022.
14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2022.
These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles.
The standard mileage rate for business use is based on an annual study of the fixed and variable costs of operating an automobile. The rate for medical and moving purposes is based on the variable costs.
It is important to note that under the Tax Cuts and Jobs Act, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Taxpayers also cannot claim a deduction for moving expenses, unless they are members of the Armed Forces on active duty moving under orders to a permanent change of station. For more details see Moving Expenses for Members of the Armed Forces.
Taxpayers always have the option of calculating the actual costs of using their vehicle rather than using the standard mileage rates.
Taxpayers can use the standard mileage rate but generally must opt to use it in the first year the car is available for business use. Then, in later years, they can choose either the standard mileage rate or actual expenses. Leased vehicles must use the standard mileage rate method for the entire lease period (including renewals) if the standard mileage rate is chosen.
Notice 2023-03PDF contains the optional 2023 standard mileage rates, as well as the maximum automobile cost used to calculate the allowance under a fixed and variable rate (FAVR) plan. In addition, the notice provides the maximum fair market value of employer-provided automobiles first made available to employees for personal use in calendar year 2023 for which employers may use the fleet-average valuation rule in or the vehicle cents-per-mile valuation rule.
IR-2022-233, December 29, 2022
WASHINGTON — The Treasury Department and Internal Revenue Service today issued Notice 2023-9PDF regarding the commercial clean vehicle credit for commercial vehicles purchased and placed in service, during the taxable year.
The guidance informs taxpayers that the Department of the Treasury and the Internal Revenue Service have reviewed the incremental cost for all street vehicles in calendar year 2023. The analysis shows that the incremental cost of all street vehicles (other than in the case of compact car PHEVs) that have a gross vehicle weight rating of less than 14,000 pounds will be greater than $7,500 in calendar year 2023.
Accordingly, the incremental cost will not limit the available credit amount for street vehicles that have a gross vehicle weight rating of less than 14,000 pounds and are placed in service in calendar year 2023.
For compact car plug-in electric hybrids for which the incremental cost was calculated to be less than $7,500, the Treasury Department and the IRS will accept for vehicles placed in service during calendar year 2023 a taxpayer's use, in calculating the credit amount, of the incremental cost published by the Department of Energy.
IR-2022-232, December 29, 2022
WASHINGTON — The Treasury Department and Internal Revenue Service today issued Notice 2023-01PDF of its intent to publish regulations related to the new clean vehicle credit.
The Inflation Reduction Act of 2022 (IRA) provided a credit for qualified clean vehicles that are acquired and placed in service by the taxpayer during the taxable year. The IRA added certain requirements that any vehicle eligible for the new clean vehicle credit undergo final assembly in North America, and that no credit will be allowed for a vehicle with a manufacturer's suggested retail price more than an applicable limitation, depending on vehicle classification.
The guidance issued today informs taxpayers that the Department of the Treasury and the Internal Revenue Service intend to propose regulations addressing the definitions of certain terms in respect of the credit and lays out the expected content of those regulations.
The notice provides that the proposed regulations will include definitions of the following terms, which are relevant for new clean vehicles placed in service after December 31, 2022:
Final Assembly;
North America;
Manufacturer's suggested retail price;
Classifications for categories of vehicles, including vans, sport utility vehicles, pickup trucks, and other vehicles; and
Placed in service.
IR-2022-231, December 29, 2022
WASHINGTON — The Internal Revenue Service today released frequently asked questions (FAQs) about clean vehicle credits for new, previously owned and commercial clean vehicles in Fact Sheet (FS-2022-42)PDF.
The Inflation Reduction Act of 2022 (IRA) makes several changes to the new clean vehicle credit for qualified plug-in electric drive motor vehicles, including adding fuel cell vehicles. The IRA also added a new credit for previously owned and commercial clean vehicles.
These FAQs provide detail on how the IRA revises the new clean vehicle credit for individuals and businesses, and information on the previously owned clean vehicle credit for individuals, and the new credit for qualified commercial clean vehicles.
More information about reliance is available. 
IRS-FAQ
IR-2022-229, December 27, 2022 
WASHINGTON — The Treasury Department and the Internal Revenue Service today issued Notice 2023-07PDF, which provides interim guidance regarding the application of the new corporate alternative minimum tax (CAMT) until the issuance of proposed regulations.
The Inflation Reduction Act created the CAMT, which imposes a 15% minimum tax on the adjusted financial statement income of large corporations for taxable years beginning after December 31, 2022. The CAMT generally applies to large corporations with average annual financial statement income exceeding $1 billion. The Treasury Department and the IRS have issued Notice 2023-7 to provide certainty to taxpayers in advance of the CAMT effective date.
In particular, Notice 2023-7 clarifies which corporations the CAMT applies to and how the alternative minimum tax is calculated. It also provides taxpayers with answers to basic questions about how certain transactions may be treated and certain adjustments that may be taken into account for purposes of the alternative minimum tax, including adjustments for depreciation and certain tax credits. Critically, it also gives smaller corporations an easy method for determining that the new alternative minimum tax does not apply to them.
Notice 2023-7 also solicits comments on the rules contained in the notice and certain other issues under consideration. The Treasury Department and the IRS recommend that such comments be submitted within 60 days after the date on which Notice 2023-7 is published in the Internal Revenue Bulletin.
IR-2022-228, December 27, 2022
WASHINGTON — The Treasury Department and the Internal Revenue Service today issued Notice 2023-2PDF, which provides interim guidance regarding the application of the corporate stock repurchase excise tax until the issuance of proposed regulations.
The new code section added by the Inflation Reduction Act imposes a 1% excise tax on the aggregate fair market value of stock repurchased by certain corporations during the taxable year, subject to adjustments. The Treasury Department and the IRS have issued Notice 2023-2 to provide certainty to taxpayers in advance of January 1, 2023, the date on which the new excise tax will apply to stock repurchases.
Notice 2023-2 describes certain rules and procedures that the Treasury Department and the IRS intend to include in the forthcoming proposed regulations. Taxpayers may rely upon Notice 2023-2 until the issuance of the forthcoming proposed regulations.
Notice 2023-2 also solicits comments on the rules contained in the notice and certain other issues under consideration. The Treasury Department and the IRS recommend that such comments be submitted within 60 days of the date on which the notice is published in the Internal Revenue Bulletin.
IR-2022-227, December 23, 2022 
WASHINGTON — The Treasury Department and Internal Revenue Service announced today that brokers are not required to report additional information with respect to dispositions of digital assets until final regulations are issued under sections 6045 and 6045A.
The Infrastructure Investment and Jobs Act (Infrastructure Act), enacted in 2021, amended provisions in sections 6045 and 6045A to clarify and expand the rules regarding the reporting of information on digital assets by brokers. Brokers are still required to comply with existing laws and regulations. Further details are in Announcement 2023-02PDF, posted today on IRS.gov.
This transitional guidance applies only to information returns filed or furnished by brokers. In contrast, taxpayers are still required to report any income they receive from transactions involving digital assets. They are also required to answer the digital asset question on page 1 of either Form 1040PDF or Form 1040-SRPDF See the instructions to these forms for details.
For more information, including a set of frequently-asked questions, visit the Digital Assets page on IRS.gov.
IR-2022-225, December 22, 2022
WASHINGTON — The Internal Revenue Service today released frequently asked questions (FAQs) about energy efficient home improvements and residential clean energy property credits in Fact Sheet FS-2022-40PDF.
The inflation Reduction Act of 2022 (IRA) amended the credits for energy efficient home improvements and residential energy property. These FAQs provide details on the IRA's changes to these tax credits, information on eligible expenditures, and provides examples of how the credit limitations work.
More information about reliance is available. 
IRS-FAQ
IR-2022-223, December 19, 2022
WASHINGTON — The Treasury Department and Internal Revenue Service today issued a notice regarding the Sustainable Aviation Fuel (SAF) credit. This is a new credit created by the Inflation Reduction Act of 2022. It applies to a qualified fuel mixture containing sustainable aviation fuel for certain sales or uses in calendar years 2023 and 2024.
Notice 2023-06PDF explains the requirements for the fuel to be eligible for the SAF credit, the various methods in which a claimant may claim the credit, and which parties must be registered for the different activities in the process. The notice also asks for public comments on various aspects of the statute, which will help Treasury and IRS in developing additional guidance.
The SAF credit is $1.25 for each gallon of sustainable aviation fuel in a qualified mixture. To qualify for the credit, the sustainable aviation fuel must have a minimum reduction of 50% in lifecycle greenhouse gas emissions. Additionally, there is a supplemental credit of one cent for each percent that the reduction exceeds 50%. The notice provides a safe harbor for calculating the lifecycle greenhouse gas emissions reduction percentage.
Finally, the notice explains that a claimant may choose how to claim the Sustainable Aviation Fuel Credit. The first is through the excise tax system. The second is a general business credit that is nonrefundable and must be included in income. Notice 2023-06 also clarifies what constitutes sustainable aviation fuel and a qualified mixture.
IR-2022-222, December 16, 2022
WASHINGTON — The Internal Revenue Service announced Courtney Kay-Decker as the new Deputy Chief Taxpayer Experience Officer today.
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 Service-wide taxpayer experience improvements.
"Courtney brings a wealth of experience in tax and proven skill managing programs designed to improve the taxpayer experience," said Ken Corbin, Chief Taxpayer Experience Officer. "Her career has ranged from practitioner to state tax administrator, volunteer tax preparer to tax law teacher. Each of these roles has helped her build deep knowledge of stakeholders in the tax ecosystem and will help her spearhead efforts to identify new strategies to improve taxpayer interactions."
Prior to her selection, Kay-Decker served as an attorney at Lane & Waterman LLP in Davenport, Iowa, where her areas of practice included tax and administrative matters. From 2011 to 2019, she served as Director of the Iowa Department of Revenue. As director, Kay-Decker focused on improving administrative rules, guidance, and processes to simplify and reduce compliance burdens for the taxpayers of Iowa. She also served on the Board of Trustees of the Federation of Tax Administrators.
Additionally, Kay-Decker served as the first state co-chair of the Identity Theft and Tax Refund Fraud Information Sharing Analysis Center, a collaboration among the IRS, state tax agencies and industry partners who work to develop tools and protocols to detect and prevent identity theft tax refund fraud. She's served as a Volunteer Income Tax Assistance site coordinator and as a member of the Electronic Tax Administration Advisory Committee.
Kay-Decker received her B.A. in Economics from Northwestern University in Evanston, Illinois, and holds a J.D. with distinction from the University of Iowa College of Law where she also serves as an adjunct lecturer.
The Taxpayer Experience Office, formally established earlier this year, leads the effort to improve customer service at the IRS by focusing on six key strategies identified in the President's Executive Order on Transforming Federal Customer Experience and Service Delivery to Rebuild Trust in Government, and the Taxpayer First Act Report to CongressPDF.
IR-2022-221, December 15, 2022
WASHINGTON — The Internal Revenue Service published its most recent Financial ReportPDF on the IRS.gov website, 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 fiscal year 2022, the IRS received more than $4.9 trillion in tax revenue and distributed $642 billion in federal tax refunds and other outlays.
"I am proud that the stewardship of our operations is a clear demonstration of the commitment we share toward our mission of leading the IRS's financial management with integrity and accountability through expert planning and sound financial advice to help serve taxpayers and tax administration," said Teresa Hunter, IRS Chief Financial Officer.
IR-2022-220, December 14, 2022
WASHINGTON — The Internal Revenue Service today reminded employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax liability that their second annual installment of the deferred amount is due on December 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, which is 6.2% of wages. Self-employed individuals could also choose to defer a similar amount of their self-employment tax. Generally, half of that deferral was due on December 31, 2021. The other half is due on December 31, 2022.
Earlier this fall, the IRS sent reminder notices to affected employers and self-employed individuals. The agency noted, however, that those affected are still required to make the payment on time, even if they did not receive a notice.
How to repay the deferred taxes
Employers and individuals have several options for making this payment. Deferral payments can made through the Electronic Federal Tax Payment System (EFTPS),  Direct Pay , by debit card, credit card or digital wallet, or with a check or money order. No matter which payment option is chosen, it must be made separately from other tax payments and deposits. This will ensure that it is credited properly and will help avoid follow-up bills or notices.
EFTPS
Employers and individuals can make the deferral payments through enrollment in the Electronic Federal Tax Payment System, a free service available from the Treasury Department. On the Tax Type Selection screen, choose Deferred Social Security Tax and then change the date to the applicable tax period (the calendar quarter in 2020 for which tax was deferred). Visit EFTPS.gov or call 800-555-4477 or 800-733-4829 for details.
Direct Pay
Alternatively, self-employed individual taxpayers can choose Direct Pay to pay directly from a checking or savings account. This service is available free only on Direct Pay With Bank Account. Select the "Balance Due" reason for payment and apply the payment to the 2020 tax year where the payment was deferred. Direct Pay is not available to pay employment taxes.
Debit card, credit card or digital wallet
If paying with a credit card, debit card or digital wallet, select "installment agreement." Apply the payment to the 2020 tax year where the payment was deferred. Note that the IRS does not charge a fee for this service, but the authorized third-party payment processors do. Visit IRS.gov/payments for details.
Check or money order
Make any check or money order payable to United States Treasury, not IRS. For more information on where to mail payments see Instructions for Form 941.
IR-2022-219, December 14, 2022
WASHINGTON — The IRS Independent Office of Appeals has selected Elizabeth (Liz) Askey as its new deputy chief. In this role, she will provide leadership and direction over nationwide programs designed to fairly and impartially resolve tax controversies without litigation on behalf of the federal government and taxpayers.
Chief of Appeals Andy Keyso noted he wanted to bring in a leader with significant experience in the practitioner community.
"Liz brings a wealth of relevant experience to this critical position from her years of private practice and her time in government," Keyso said. "Her diverse perspective will complement our continued focus on improving the taxpayer experience."
Askey spent nearly 30 years as a tax controversy and policy practitioner at several law and accounting firms and in private industry, where her focus was resolving administrative controversies in examinations and at the Independent Office of Appeals.
She joined the IRS Office of Chief Counsel in 2019 as deputy division counsel (international) for the Large Business & International Division, where she worked with the division counsel to manage LB&I attorneys and paralegals responsible for litigating LB&I cases and providing advice to exam teams and the Independent Office of Appeals. She also provided advisory services on all international program matters within LB&I's jurisdiction. Earlier in her career she also served as associate tax legislative counsel in the Office of Tax Policy at the U.S. Department of the Treasury.
Askey received her Bachelor of Arts magna cum laude from Bryn Mawr College and her Juris Doctor cum laude from Harvard Law School.
IR-2022-218, December 12, 2022 
WASHINGTON — The Treasury Department and Internal Revenue Service today issued a Revenue Procedure setting out key processes for manufacturers and sellers of clean vehicles. 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.
For vehicle manufacturers, Revenue Procedure 2022-42PDF provides guidance on new rules in the tax law added by the Inflation Reduction Act on how to enter into a written agreement with the IRS and how to provide periodic written reports containing specified information related to each clean vehicle manufactured.
This revenue procedure also provides the procedures for persons selling vehicles to report specified information to the IRS for a vehicle to be eligible for the credit for new or previously owned clean vehicles.
IR-2022-216, December 8, 2022
WASHINGTON — The Internal Revenue Service is looking for volunteers to train for the upcoming filing season to provide free tax help in communities across the country. Bilingual volunteers are particularly needed.
Last year, more than 58,000 volunteers gave back to their communities by preparing more than 2.2 million federal income tax returns for individuals and families nationwide.
For over 50 years, the IRS Volunteer Income Tax Assistance (VITA) and Tax Counseling for the Elderly (TCE) programs have offered free tax preparation to people with low- to moderate-income that need help preparing their own tax returns. This includes people with disabilities and senior citizens. Many sites are also able to assist individuals for whom English is a second language.
Volunteering can be exciting, educational and enjoyable. Here are a few good reasons to consider signing up to help:
No previous experience required.
Free online tax law training provided by IRS.
Tax professionals (enrolled agents and accountants) can earn CPE credits.
Flexible volunteer hours.
Various volunteer locations.
Various volunteer roles.
Helping a community.
Some volunteer sites now give volunteers the option to assist taxpayers virtually versus the normal in-person help they provide. This allows volunteers to help taxpayers complete their returns over the phone or online. Other volunteers will conduct a quality review with the taxpayer before the tax return is submitted to the IRS. Virtual volunteering is a great option for new volunteers, since they can ask experienced volunteers for help completing tax returns. Volunteer hours are flexible and free tax help sites are in such places as nearby community centers, libraries, schools and churches.
Free training is available at Link & Learn Taxes. Volunteer sites may also offer classroom training generally between November and January. The instruction and training materials cover how to prepare individual income tax returns, both federal and state, and how to file them electronically.
More information about the IRS volunteer tax preparation programs is available at IRS Tax Volunteers page. There, potential volunteers can submit their interest. The IRS will send them an invitation to a virtual orientation session where they will learn more about the program.
IR-2022-215, December 7, 2022
WASHINGTON — The Internal Revenue Service is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC). Applications will be accepted through January 31, 2023.
The ETAAC is an organized public forum for discussion of issues in electronic tax administration, such as prevention of identity theft and refund fraud. The committee supports the overriding goal that paperless filing should be the preferred and most convenient method of filing tax and information returns. ETAAC members work closely with the Security Summit, a joint effort of the IRS, state tax administrators and private-sector tax partners to fight electronic fraud and tax-related identity theft.
The IRS is looking for qualified individuals who will serve three-year terms beginning in September 2023. Applicants should have experience in such areas as state tax administration, cybersecurity and information security, tax software development, tax preparation, payroll and tax financial product processing, systems management and improvement, and implementation of customer service initiatives.
The IRS also strongly encourages applications from people representing the viewpoints of average taxpayers, including consumer advocates and others with an interest in tax issues.
Nominations of qualified individuals may be made by letter and received from organizations or the individuals themselves. Applicants should complete the ETAAC applicationPDF and include a short statement of interest and a resume. Applicants should describe and document their qualifications, past and current affiliations, and dealings with cybersecurity and electronic tax administration.
Applicants must complete and submit a tax check waiver form, and undergo an IRS practitioner background check and an FBI background check. Information on the tax check waiver and FBI background check will be provided upon receipt of application. More information can be found at Electronic Tax Administration Advisory Committee (ETAAC).
ETAAC is a Federal Advisory Committee established by the Internal Revenue Service Restructuring and Reform Act of 1998.
Questions about the ETAAC and the application process can be emailed to publicliaison@irs.gov.