The Tax Adviser News

The IRS explained the new requirement that a car’s or truck’s final assembly occurred in North America to qualify for the tax credit on the purchase of clean-running vehicles.

https://www.thetaxadviser.com/news/2022/aug/guidance-clean-vehicle-tax-credit.html

With Senate amendments approved by the House on Friday, the budget reconciliation bill now known as the Inflation Reduction Act will go to the president for his signature.

https://www.thetaxadviser.com/news/2022/aug/congress-enacts-tax-climate-bill.html

A downloadable booklet describes the Gramm-Leach-Bliley Act’s safeguards rule and includes a template for a firm’s required written information security plan.

https://www.thetaxadviser.com/news/2022/aug/guide-released-tax-pros-information-security-plan.html

The Inflation Reduction Act passed by the Senate on Sunday includes many tax items, some designed to raise revenue and others to promote various clean energy initiatives.

https://www.thetaxadviser.com/news/2022/aug/key-tax-provisions-senate-reconciliation-bill.html

National Taxpayer Advocate Erin Collins escalated her push for the IRS to adopt barcode scanning of paper tax returns, but the IRS would commit only to a goal of scanning certain 2022 returns.

https://www.thetaxadviser.com/news/2022/aug/national-taxpayer-advocate-appeals-irs-response-scanning-tech.html

Final regulations issued by the IRS and Treasury allow a Sec. 754 election statement to be submitted without a partner’s signature.

https://www.thetaxadviser.com/news/2022/aug/irs-treasury-regulations-streamline-partnership-basis-elections.html

The bill now goes to President Joe Biden, who has said he will sign it into law.

https://www.thetaxadviser.com/news/2022/jul/chips-science-act-semiconductor-tax-credit-passes-congress.html

A federal budget reconciliation bill with tax provisions, including a 15% corporate minimum tax and a variety of tax credits, took a step closer to reality with Sen. Joe Manchin’s agreement to ...

https://www.thetaxadviser.com/news/2022/jul/senate-deal-paves-way-reconciliation-bill-tax-provisions.html

Payments made by the second-listed spouse on a joint return for 2021 under certain conditions may not have been properly credited by the IRS.

https://www.thetaxadviser.com/news/2022/jul/some-balance-due-notices-joint-returns-issued-error-irs-says.html

The bill’s semiconductor production incentives would include a new 25% investment credit.

https://www.thetaxadviser.com/news/2022/jul/senate-passes-chips-act-semiconductor-tax-credit.html

The IRS’s fiscal 2022–26 Strategic Plan sets out goals to modernize its operations and interactions with taxpayers while adapting to new challenges and threats.

https://www.thetaxadviser.com/news/2022/jul/irs-seeks-transformation-new-5-year-plan.html

The U.S. GOA recommended that the IRS pilot videoconferencing for its program singling out “high-risk” return preparers for direct compliance checks and education with respect to refundable t...

https://www.thetaxadviser.com/news/2022/jul/pandemic-paused-return-preparer-visits-resume-video.html

Looking ahead to next filing season, the AICPA renews previous calls for taxpayer relief and administrative remedies to help the IRS clear overages in its return and correspondence inventories.

https://www.thetaxadviser.com/news/2022/jul/aicpa-recommends-additional-irs-backlog-measures.html

Temporary waiving of fingerprinting and identification procedures for new federal employees due to the pandemic could have allowed access to taxpayer data by individuals who were ineligible for f...

https://www.thetaxadviser.com/news/2022/jul/tigta-delayed-screening-irs-new-hires-risked-taxpayer-data.html

The IRS extended to five years the period under which a taxpayer can use a simplified method (in lieu of a letter ruling request) to obtain an extension of time to make a portability election.

https://www.thetaxadviser.com/news/2022/jul/estates-now-request-late-portability-election-relief-5-years.html