September 25, 2022 U.S. Tax This Week for September 23 Ernst & Young's U.S. Tax This Week newsletter for the week ending September 23 is now available. Prepared by Ernst & Young's National Tax Department in Washington, D.C., this weekly update summarizes important news, cases, and other developments in U.S. taxation.
————————————————————————— Tax in the time of COVID-19: Update on legislative, economic, regulatory and IRS developments (September 30) Financing the energy transition: Tax equity, direct pay and transferability (October 6) ————————————————————————— Internal Revenue Service — Sep 22: Official reemphasizes IRS focus on penalties in transfer pricing cases (Tax Alert 2022-1426) — Sep 22: IRS extends due dates for filing tax returns and making tax payments to February 15, 2023, for victims of Hurricane Fiona (Tax Alert 2022-1424) — Sep 21: Tax M&A Update for August 2022 (Tax Alert 2022-1420) — Sep 21: LB&I accepting new applicants for the 2023 CAP program (Tax Alert 2022-1419) — Sep 21: Recent IRS penalty relief does not include Forms 990 and 990-EZ or encompass IRC Section 6652 penalties (Tax Alert 2022-1417) — Sep 21: IRS issues REIT ruling regarding marina floating docks, cabins, dry dock storage income, insurance proceeds and income from amenities and related services (Tax Alert 2022-1413) — Sep 19: QUEST Economic Update highlights key US and global economic trends - September 19, 2022 (Tax Alert 2022-1403) — Sep 16: Treasury proposes regulations on review of federal tax controversies by IRS Appeals office (Tax Alert 2022-1395) International — Sep 22: Holders of debt instruments may be required to include certain non-credit card debt-related fees in gross income for tax years beginning on or after January 6, 2022 (Tax Alert 2022-1425) — Sep 21: Global Tax Policy and Controversy Watch | September 2022 edition (Tax Alert 2022-1421) — Sep 21: Eligible Ukrainian and Belarussian nationals may now apply for National Visas from within Poland (Tax Alert 2022-1416) — Sep 21: Colombia introduces environmental taxes in Tax Reform Bill (Tax Alert 2022-1415) — Sep 21: The Latest on BEPS and Beyond | September 2022 (Tax Alert 2022-1411) — Sep 21: Key legislative developments for 2023 and 2024 included in the Netherlands budget proposals (Tax Alert 2022-1410) — Sep 20: Angola and Mauritius execute a double taxation agreement (Tax Alert 2022-1407) — Sep 19: Colombia temporarily shuts down online visa application platform (Tax Alert 2022-1405) — Sep 19: France to implement new VAT e-invoicing requirements from 1 July 2024 (Tax Alert 2022-1401) — Sep 19: OECD holds public consultation meeting on Progress Report on Amount A of Pillar One (Tax Alert 2022-1400) — Sep 16: USCIS enters next phase of expanding premium processing for previously filed EB-1 and EB-2 National Interest Waiver I-140 petitions (Tax Alert 2022-1396) — Sep 16: Dominican Republic’s General Directorate of Internal Taxes submits preliminary bill on implementation of mandatory electronic invoicing (Tax Alert 2022-1389) — Sep 16: Saudi Arabia issues results and decisions following comments received on public consultation to modify Transfer Pricing Bylaws (Tax Alert 2022-1388) — Sep 16: Denmark suspends visa facilitation agreement with Russia (Tax Alert 2022-1385) Legislation — Sep 23: What to expect in Washington (September 23) (Tax Alert 2022-1432) — Sep 16: Treasury proposes regulations on review of federal tax controversies by IRS Appeals office (Tax Alert 2022-1395) States — Sep 21: Tennessee SUI tax rates continue at lowest rate schedule for the six months beginning July 1, 2022 (Tax Alert 2022-1422) — Sep 20: Rhode Island law expands the state's equal pay law effective January 1, 2023 (Tax Alert 2022-1412) — Sep 19: California allows implementation of new voluntary compliance program for unclaimed property (Tax Alert 2022-1406) — Sep 19: Puerto Rico’s Treasury Department extends due date for filing the SUT return because of Hurricane Fiona (Tax Alert 2022-1404) ————————————————————————— Revenue Procedures
Revenue Rulings
Notices
Internal Revenue Bulletin
Because the matters covered herein are complicated, U.S. Tax This Week should not be regarded as offering a complete explanation and should not be used for making decisions. Any decision concerning matters covered herein should be reviewed with a qualified tax advisor. | |||||||||||||||||||