Top five reminders when filing income tax returns in 2022

Issue Number:​ 2022-03

Inside This Issue

  1. Top five reminders when filing income tax returns in 2022
  2. IRS Chief Counsel looking for 200 experienced attorneys to focus on abusive tax deals; job openings posted
  3. Wage statement deadline for employers is Jan. 31
  4. A Closer Look: Flexible options evolve from challenging times
  5. News from the Justice Department’s Tax Division
  6. Technical Guidance

1.​ ​ Top five reminders when filing income tax returns in 2022


Tax pros: With filing season beginning Monday, Jan. 24, the IRS has shared key items to keep in mind when filing federal income tax returns. Given the unique challenges for this tax season, the IRS offers a 5-point checklist that can help speed tax return processing and refund delivery while avoiding delays. This article is also available in Spanish and Simplified Chinese.

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2.​ ​ IRS Chief Counsel looking for 200 experienced attorneys to focus on abusive tax deals; job openings posted


The IRS’s Office of Chief Counsel plans to hire up to 200 additional attorneys to help the agency combat syndicated conservation easements, abusive micro-captive insurance arrangements and other tax schemes. These positions will be available around the country, and the IRS encourages qualified candidates to apply.

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3.​ ​ Wage statement deadline for employers is Jan. 31


Employers must file copies of their Form W-2 and Form W-3 with the Social Security Administration by Jan. 31. Filing these documents timely helps employers avoid penalties and helps the IRS in fraud prevention. This article is also available in Spanish and Simplified Chinese.

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4.​ ​ A Closer Look: Flexible options evolve from challenging times


In this issue of A Closer Look, Harrison Smith, co-director, IRS Enterprise Digitalization and Case Management Office, discusses how the immediate need to minimize in-person contact to protect taxpayers and employees led the IRS to take steps toward increasing digital interactions. This feature is also available in Spanish.

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5.​ ​ News from the Justice Department’s Tax Division


A federal court in the Eastern District of Michigan has permanently barred Detroit-area tax return preparer, Jennifer Sherman, and her business, Sherman Management Co. Inc., from preparing federal tax returns for others.

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6.​ ​ Technical Guidance


Notice 2022-06 updates the life expectancy and mortality tables used to determine substantially equal periodic payments under the methods set forth in Rev. Rul. 2002-62 and provides a 5% floor on the maximum interest rates that may be used to calculate annuity payments under the fixed amortization and annuitization methods.

Notice 2022-07 sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for January 2022 used under section 417(e)(3)(D), the 24-month average segment rates applicable for January 2022, and the 30-year Treasury rates, as reflected by the application of section 430(h)(2)(C)(iv).

Revenue Procedure 2022-10 establishes an 18-month pilot program that provides an opportunity for fast-track processing of certain private letter ruling requests solely or primarily under the jurisdiction of the Associate Chief Counsel (Corporate).

Revenue Procedure 2022-13 modifies and supersedes Notice 2002-5. It provides information about when and how the IRS will issue a Notice of Employment Tax Determination Under IRC section 7436 (section 7436 Notice) and how taxpayers petition for Tax Court review of the determinations under IRC section 7436.

Revenue Ruling 2022-03 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, and the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by section 1274.

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IRS Chief Counsel looking for 200 experienced attorneys to focus on abusive tax deals; job openings posted

Issue Number:​ ​ ​ ​ IR-2022-17

Inside This Issue


IRS Chief Counsel looking for 200 experienced attorneys to focus on abusive tax deals; job openings posted

WASHINGTON – The Internal Revenue Service’s Office of Chief Counsel today announced plans to hire up to 200 additional attorneys to help the agency combat syndicated conservation easements, abusive micro-captive insurance arrangements and other tax schemes.

“Combating abusive tax transactions that threaten to undermine our tax system remains a top priority for our enforcement efforts,” said IRS Commissioner Chuck Rettig. “It’s critical we work to ensure a fair tax system and adding these new attorneys will help us in on our ongoing efforts in this arena.”

These positions will be available around the country, and the IRS encourages qualified candidates to apply. The first announcements for these positions have already been posted on USAJOBS. Interested persons should apply today or as soon as possible via the following announcements:

Promoters have been particularly active developing and marketing tax shelter schemes that purportedly enable taxpayers to avoid paying what they legally owe. These new hires will help the IRS manage the increasing caseload in its multi-year effort to stamp out these abusive schemes and ensure that those participating in them pay the tax they owe plus penalties.

“This is an excellent opportunity for attorneys with experience in litigation, partnership tax law and planning complex transactions to join the Office of Chief Counsel and make a real difference for our tax system,” said Principal Deputy Chief Counsel William M. Paul.

These positions will be available in more than 50 locations, including Washington D.C. Those hired will provide legal advice to IRS professionals as they conduct audits of complex corporate and partnership issues and increasingly sophisticated and abusive transactions. The Chief Counsel office, working closely with IRS and the Treasury Department, provides world-class litigation and substantive tax training for all experience levels.

New hires will work in a variety of areas, including handling cases in the United States Tax Court, as well as serving on trial teams in our largest and most complex trials involving fact and expert witnesses, depositions and multi-week trials. They will also work with the Department of Justice Tax Division, which handles refund cases in district courts and the Court of Federal Claims.

Others hired will serve in the IRS national office with a focus on developing global regulatory solutions to the most sophisticated and abusive transactions and providing highly specialized advice to IRS litigation teams.

Abusive syndicated conservation easement deals remain a major focus for the IRS. These transactions generally use inflated appraisals of undeveloped land and partnerships devoid of legitimate business purpose designed to generate inflated and unwarranted tax deductions.

“Bogus syndicated conservation easement transactions undermine the public’s trust in private land conservation and defraud the government,” Rettig said. “Putting an end to these schemes is imperative.”

Abusive micro-captive insurance arrangements also remain a key focus of IRS enforcement. These deals are generally sold to owners of closely held entities. The deals commonly lack many of the necessary attributes of insurance, have excessive premiums, insure highly improbable risks and have no connection to genuine business and insurance needs.

These are just some of the abusive schemes that the new hires will be working on.

Paul noted that there are numerous advantages to joining Chief Counsel. The Office of Chief Counsel has successfully transitioned in response to the Covid-19 Pandemic. Chief Counsel is currently in full telework mode and will have a competitive telework policy going forward.

To learn more about these opportunities, visit IRS Office of Chief Counsel | IRS Careers. The mission of the Office of Chief Counsel is to serve America’s taxpayers fairly and with integrity by providing correct and impartial interpretation of the Internal Revenue laws and the highest quality legal advice and representation for the Internal Revenue Service.

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@SecBlinken I expedited and authorized and we fully endorse transfers of defensive equipment @NATO Allies 🇪🇪 🇱🇻 🇱🇹 are providing to Ukraine to strengthen its ability to defend itself against Russia’s unprovoked and irresponsible aggression.

@SecBlinken I expedited and authorized and we fully endorse transfers of defensive equipment @NATO Allies    are providing to Ukraine to strengthen its ability to defend itself against Russia’s unprovoked and irresponsible aggression.

CBP Seizes Over 1 Ton of Marijuana in Port Huron

U.S. Customs and Border Protection. This information has recently been updated, and is now available.

CBP Seizes Over 1 Ton of Marijuana in Port Huron01/21/2022 11:36 AM EST
PORT HURON, Mich. – U.S. Customs and Border Protection (CBP), Office of Field Operations seized over 2,027 pounds of Marijuana within the trailer of an inbound commercial shipment at the Blue Water Bridge, Thursday evening.Marijuana seized at Blue…

CBP New Orleans Seizes 1,807 Copyright Infringing Pop Fidget Toys01/21/2022 11:26 AM EST
NEW ORLEANS, Louisiana — On Tuesday, January 11, U.S. Customs and Border Protection Officers (CBPOs) at the port of New Orleans targeted three international shipments for inspection. Each shipment contained boxes with hundreds of the popular pop…

Agents Arrest Convicted Murderer Attempting Illegal Entry01/21/2022 09:47 AM EST
CALEXICO, Calif. – U.S. Border Patrol agents assigned to the El Centro Sector arrested an undocumented individual convicted of murder.Agents assigned to the Calexico station encountered two undocumented individuals who illegally entered between the…

Indianapolis CBP Intercepts 1,207 Counterfeit Driver’s Licenses01/21/2022 09:34 AM EST
INDIANAPOLIS— Fraudulent driver’s licenses, which can be used for criminal activity or fraud, continue to be found by U.S. Customs and Border Protection (CBP) officers at Express Consignment Operations hub across the nation.Hundreds of counterfeit…

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Centers for Medicare & Medicaid Services (CMS).

Today, the Centers for Medicare & Medicaid Services (CMS) released our annual update to the Geographic Variation Public Use Files with data for 2020.​ The Geographic Variation Public Use Files contain demographic, spending, utilization, and quality indicators for the Medicare fee-for-service population.​ There are two files available on data.cms.gov.​ One of the files presents data at the state-level (including the District of Columbia, Puerto Rico, and the Virgin Islands) and at the county-level. The other file presents data at the hospital referral region (HRR) level.​ Additionally, users can leverage our interactive data tool to help further analyze the Medicare Geographic Variation data at the state- and county-levels.

The public use file for data at the state-level and county-level can be downloaded at:​
https://data.cms.gov/summary-statistics-on-use-and-payments/medicare-geographic-comparisons/medicare-geographic-variation-by-national-state-county.

The public use file for data at the HRR-level can be downloaded at:​
https://data.cms.gov/summary-statistics-on-use-and-payments/medicare-geographic-comparisons/medicare-geographic-variation-by-hospital-referral-region.


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Here is a video tax tip from the IRS:

Issue Number:​ ​ ​ ​ Tax Credits for Families

Inside This Issue


Here is a video tax tip from the IRS:

Tax Credits for Families English

Subscribe today: The IRS YouTube channels provide short, informative videos on various tax related topics in English, Spanish and ASL.

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31 Arrests from Five Vehicle Pursuits Within 24-Hours

U.S. Customs and Border Protection. This information has recently been updated, and is now available.

31 Arrests from Five Vehicle Pursuits Within 24-Hours01/20/2022 04:01 PM EST
EDINBURG, Texas – Rio Grande Valley (RGV) Sector Border Patrol Agents disrupted five migrant smuggling attempts in collaboration with local law enforcement.On Jan. 19, a McAllen Border Patrol Station (MCS) agent observed suspected non-citizens load…


Border Patrol Agents Rescue Five in Blizzard
01/20/2022 09:21 PM EST
PEMBINA N.D. — U.S. Border Patrol agents assigned to the Grand Forks Sector stopped a smuggling attempt yesterday near Humboldt, Minnesota, rescuing five border crossers from treacherous, sub-zero conditions. During subsequent search and rescue…

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Notice 2022-07 will be in IRB: 2022-6, dated February 7, 2022.

Issue Number:​ ​ ​ ​ N-2022-07

Inside This Issue


Notice 2022-07 sets forth updates on the corporate bond monthly yield curve, the corresponding spot segment rates for January 2022 used under § 417(e)(3)(D), the 24-month average segment rates applicable for January 2022, and the 30-year Treasury rates, as reflected by the application of § 430(h)(2)(C)(iv).​

Notice 2022-07 will be in IRB: 2022-6, dated February 7, 2022.

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E‑Verify Launches a Redesigned Closed Company Account Webpage

E‑Verify Launches a Redesigned Closed Company Account Webpage

E-Verify 25th Anniversary Logo, with text: 1996-2021

E‑Verify Launches a Redesigned Closed Company Account Webpage

Screenshot of redesigned E-Verify Close Company Account page.

On Jan. 19, E‑Verify launched a redesigned Close Company Account page. The page has been updated to improve usability by maintaining consistency with the other pages within E‑Verify and increasing efficiency and accuracy when submitting a termination request.

New Screen:

Program administrators and corporate administrators will be able to select a termination request reason from a drop-down list instead of typing the reason in a text box. Program administrators and corporate administrators will also be able to cancel any termination request that was submitted within the 30 calendar days before the account is terminated.

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If you have questions or feedback, please email:

e‑verify@uscis.dhs.gov.

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