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Tax and IRS updates include interest rates will remain the same for the second quarter of 2023, guidance to establish a program that would provide solar and wind power to certain low-income areas under the Inflation Reduction Act, and interim guidance for insurance companies.
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 13, 2023 – February 17, 2023.
The IRS is requesting comments concerning Form 5227, Split Interest Trust Information Return. The IRS announced the beginning of the 2023 tax filing season, with a focus on improving customer service. The IRS it is accepting tax returns for the 2023 filing season.
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of January 23, 2023 – January 27, 2023. ...