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IMPLEMENTATION OF $600 REPORTING THRESHOLD FOR FORMS 1099-K DELAYED:
The Internal Revenue Service has announced a delay in reporting thresholds for third-party settlement organizations set to take effect for the upcoming tax filing season.

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9 MILLION PEOPLE RECEIVED EMAILS THAT MISTAKENLY SAID THEIR STUDENT LOAN FORGIVENESS WAS APPROVED:
About nine million people received an email in November from the Department of Education that mistakenly said their application for student loan forgiveness had been approved.

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TAX-EXEMPT DISCLOSURES:
For the second time this year, the IRS has mistakenly disclosed information submitted by tax-exempt organizations reporting income unrelated to their exempt purposes.

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REQUIRED MINIMUM DISTRIBUTIONS (RMDs):
Individuals who were born in 1950 or earlier who have funds in their retirement plans and individual retirement arrangements face important upcoming deadlines for required minimum distributions to

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DEFERRED SOCIAL SECURITY TAX PAYMENT DUE DECEMBER 31 FOR PARTICIPATING EMPLOYERS, SELF-EMPLOYED PEOPLE:
Employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax liability are receiving reminder notices that their second annual installment of the deferr

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U.S. POST OFFICE TO HIKE POSTAL RATES IN JANUARY:
The U.S. Postal Service will raise the price of a first-class “forever” stamp from 60 cents to 63 cents on January 22, 2023, a 5% increase.

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ELECTRONIC TAX ADMINISTRATION ADVISORY COMMITTEE SEEKING QUALIFIED APPLICANTS:
The Internal Revenue Service is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC). Applications will be accepted through Jan. 31, 2023.

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CENTRALIZED PARTNERSHIP AUDIT REGIME:
The IRS has issued final regulations (

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IRS REMINDS THOSE OVER AGE 72 TO START WITHDRAWALS FROM IRAS AND RETIREMENT PLANS TO AVOID PENALTIES:
The Internal Revenue Service today reminded those who were born in 1950 or earlier that funds in their retirement plans and individual retirement arrangements face important upcoming deadlines for

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