IRS News And Tax Updates June 20-June23 2023
IRS Notice 2023-37,which clarifies whether certain items and services are treated as preventive care under Section 223 c 2 C of the Internal Revenue Code.
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IRS Notice 2023-37,which clarifies whether certain items and services are treated as preventive care under Section 223 c 2 C of the Internal Revenue Code.
Summary of significant Internal Revenue Service IRS guidance and relevant tax matters for the week of June 27, 2022 – July 1, 2022: Revising optional standard mileage rates,amending QDP provisions, list of taxable substances, funeral expenses, loan obligations, ARPA guidance
Summary of Internal Revenue Service IRS guidance and relevant tax matters for the week: Processing of Form 1040's on track, Released report that goes over concerns of delays in paper filed returns, tax forms can be amended electronically, list of written determinations
IRS issued internal memorandum Appeals Coordinated Issues to streamline the issue coordination process and reduce confusion over terminology.IRS announced increase in interest rates for the calendar quarter beginning July 1, 2022 and revised FAQ's related to Child Tax credit
Internal Revenue Service announced that free face-to-face tax assistance.Notice 2022-27, extending earlier relief that temporarily removed the requirement that certain elections and consents under pension and employee benefit plans be made in the physical presence of notary