Federal Tax Topics

Progress Update on IRS Strategic Plan and Goals 

The IRS Progress Update for Fiscal Year 2022 is now available, with a review of IRS’s accomplishments in each of its goals areas.

Advise Your Clients to Check Their Tax Withholding 

IRS is reminding taxpayers to use the Tax Withholding Estimator to adjust their 2023 withholding so that they don’t have too much or too little tax withheld.

National Taxpayer Advocate’s 2023 Legislative Recommendations 

The 2023 Purple Book, which is presented as part of the National Taxpayer Advocate’s annual report to Congress, is a compilation of 65 legislative recommendations to strengthen taxpayer rights and improve tax administration.

2023 Passenger Vehicle Depreciation Limits 

Revenue Procedure 2023-14 provides tables of limitations on depreciation deductions for owners of passenger automobiles, trucks and vans placed in service in 2023.

Renew Your PTIN Now for 2023 

IRS is now processing PTIN applications and renewals for 2023. Preparers must renew or register for their PTIN by December 31. The fee to apply for or renew 2023 PTINs is $30.75.