The IRS Progress Update for Fiscal Year 2022 is now available, with a review of IRS’s accomplishments in each of its goals areas.
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.
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.
Revenue Procedure 2023-14 provides tables of limitations on depreciation deductions for owners of passenger automobiles, trucks and vans placed in service in 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.