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Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 19, 2022 – December 23, 2022.
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 19, 2022 – December 23, 2022...
The IRS and Treasury issued guidance related to the Sustainable Aviation Fuel credit. The Treasury Inspector General for Tax Administration released Backlogs of Tax Returns and Other Account Work Will Continue Into the 2023 Filing Season. FAQs on Energy Efficient home credits.
On December 22, 2022, the Internal Revenue Service (IRS) finalized changes to Schedule UTP, Uncertain Tax Position Statement, and Instructions for Schedule UTP. Proposed changes to...
IRS on Dec 22, 2022, finalized changes to Schedule UTP, Uncertain Tax Position Statement, and Instructions for Schedule UTP. Comment to the IRS had concerns regarding privilege issues, the increase in information required to be disclosed and uncertainty surrounding penalty protection.