November 26, 2021
Candace J. Dixon
This is a summary of significant tax and IRS happenings the week of November 15-19.
November 15, 2021
California wildfire relief was extended to January 3. 2022 for certain areas by the IRS.
November 15, 2021
The Internal Revenue Service launched a new online tool that performs a quality review of data before it's submitted to the IRS to help U.S. withholding agents comply with reporting and withholding responsibilities of Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding.
November 16, 2021
The Internal Revenue Service issued Notice 2021-63 to provide guidance on how the per diem rates and the temporary 100% deduction for food or beverages from restaurants and apply to taxpayers applying the rules of Revenue Procedure 2019-48 in a news release.
November 16, 2021
A news release announced that tax professionals can order up to 30 Transcript Delivery System (TDS) transcripts per client through the Practitioner Priority Service® line effective Nov. 15, 2021, an increase from 10 transcripts.
November 17, 2021
The IRS issued FS-2021-16, a Fact Sheet (FAQs) for state and local governments on taxability and reporting of payments from Coronavirus State and Local Fiscal Recovery Funds along with a news release.
November 17, 2021
An IRS news release announced that victims of Hurricane Ida now have until January 3, 2022 to file various individual and business tax returns and make tax payments in the entire state Mississippi.
November 17, 2021
The IRS announced the 2022 contribution limit for 401(k) plans and cost‑of‑living adjustments that could affect pension plans and other retirement-related savings next year.
November 17, 2021
The Internal Revenue Service Advisory Council (IRSAC) issued its annual Public Report for 2021 including recommendations to the IRS on 24 new and continuing issues in tax administration on 24 issues.
November 17, 2021
The Internal Revenue Service announced the launch of an improved identity verification and sign-in process allowing people to securely access and use IRS online tools and applications.
November 18, 2021
IRS Criminal Investigation released their annual IRS-Criminal Investigation (IRS-CI) Fiscal Year 2021 Annual Report highlighting over 2,500 criminal investigations, more than $10 billion from tax fraud and financial crimes, and a nearly 90% conviction rate.
November 18, 2021
The Internal Revenue Service gave a statement informing taxpayers and advisers of the disposition of protective claims for refund filed by or on behalf of a taxpayers pending the resolution of CALIFORNIA ET AL. v. TEXAS ET AL. As a result of the Supreme Court's ruling in CALIFORNIA ET AL. v. TEXAS ET AL., the IRS will not allow any of the protective claims held in suspense and will take no further action with respect to these claims.
November 19, 2021
The Internal Revenue Service and Security Summit announced in a News Release the 6th Annual National Tax Security Awareness Week will be November 29–December 3, focusing attention on taxpayers protecting sensitive financial information against identity thieves.
Advance Notice of IRS Guidance issued this week
RR-2021-24
REG-109128-21
RP-2021-50
RP-2021-49
RP-2021-48
N-2021-62
N-2021-63
RR-2021-23
Latest Internal Revenue Bulletin
November 15, 2021
Internal Revenue Bulletin: 2021-46 highlighted Notice 2021-35 - Credit for Carbon Oxide Sequestration 2021 Section 45Q Inflation Adjustment Factor publishing the inflation adjustment factor for the carbon oxide sequestration credit for 2021 and including a statement that the IRS is not certifying that 75 million metric tons of qualified carbon oxide has been taken into account by taxpayers filing on annual report
The IRS published the latest executive column “A Closer Look,” featuring James Lee, IRS Criminal Investigation Chief, and Damon Rowe, Executive Director, IRS Office of Fraud Enforcement, taking a glimpse of how the IRS investigates and helps prosecute fraud
November 19, 2021
A Tax Court Press Release announced that Special Trial Judge Daniel A. Guy, Jr. received the J. Edgar Murdock Award for distinguished service to the United States Tax Court.
November 19, 2021: The IRS updated their list of weekly written determinations.