IRS Pronouncements--2023


Small Business Taxes & ManagementTM--Copyright 2023, A/N Group, Inc.

Note. The list below contains a synopses of revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2023. Please note. Revenue Rulings, Procedures, etc. are not always released in strict numberical order. For a similar listing for prior years, go to:

IRS Pronouncements--2022
IRS Pronouncements--2021
IRS Pronouncements--2020
IRS Pronouncements--2019
IRS Pronouncements--2018
IRS Pronouncements--2017
IRS Pronouncements--2016
IRS Pronouncements--2015
IRS Pronouncements--2014
IRS Pronouncements--2013
IRS Pronouncements--2012
IRS Pronouncements--2011
IRS Pronouncements--2010
IRS Pronouncements--2009
IRS Pronouncements--2008
IRS Pronouncements--2007
IRS Pronouncements--2006
IRS Pronouncements--2005
IRS Pronouncements--2004
IRS Pronouncements--2003
IRS Pronouncements--2002
IRS Pronouncements--2001
IRS Pronouncements--2000

We've included the IRB (Internal Revenue Bulletin) reference so you can find the full text on the IRS web site. We've tried to make the list as searchable as possible while keeping the descriptions short. Use the "find-in-page" or "find" feature of your browser (CTRL-F) to search this list. Be sure to try variations of keywords such as "activities" as well as "activity"; "depreciation" as well as "depreciate". The Applicable Federal Rate and interest rates on over- and underpayments are updated on our IRS Interest Rates page.

Notes.

For Revenue Rulings-- www.irs.gov/pub/irs-drop/rr-23-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-23-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-23-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2023 would be: www.irs.gov/pub/irs-drop/rr-23-05.pdf   For prior years, change the 23 to the appropriate year (available years vary).

New Additions - Bulletin 4

REG 114666-22 (IRB 2023-4) Sec. 401; participant election rules; alternatives to the physical presence requirement; witnessing spousal consent.

For the full text of these rulings, go to Internal Revenue Bulletin 2023-4

 

NOTE!--When searching for references to the Coronavirus, use COVID-19 instead.

Cumulative Listings - 2023

Revenue Rulings

Rev. Rul. 2023-1 (IRB 2023-1) Applicable federal rates; adjusted federal long-term rate; January, 2023.

 

Revenue Procedures

Rev. Proc. 2023-11 (IRB 2023-3) Sec. 446; automatic consent to change methods of accounting for specified research or experimental expenditures; comply with Sec. 174; Rev. Proc. 2023-8 modified and superseded.
Rev. Proc. 2023-10 (IRB 2023-3) Sec. 832; 846; insurance companies; loss payment patterns for 2022 determination year; discount factors for 2022 accident year; unpaid losses.
Rev. Proc. 2023-8 (IRB 2023-3) Sec. 446; automatic consent to change methods of accounting for specified research or experimental expenditures; comply with Sec. 174; Rev. Proc. 2022-14 modified.
Rev. Proc. 2023-7 (IRB 2023-1) Areas in which rulings will not be issued, Associate Chief Counsel (International).
Rev. Proc. 2023-5 (IRB 2023-1) Procedures for isuing determination letters on issues under the jurisdiction of Director, Exempt Organizations; user fees for requests.
Rev. Proc. 2023-4 (IRB 2023-1) Update of Rev.Proc. 2022-4; types of advice the IRS to taxpayers on issues under the Commissioner, Tax Exempt and Government Entities Division, Employee Plans Rulings and Agreements and procedures for letter rulings and determination letters.
Rev. Proc. 2023-3 (IRB 2023-1) Revised list of areas under Associated Chief Counsel (Corporate, Financial institutions and Products, Income Tax and Accounting, Passthroughs and Special Industries, Procedure and Administration, and Employee Benefits, Exempt Organizations and Employment Taxes) on which the Service will not issue letter rulings or determination letters; Rev. Proc. 2022-3 superseded.
Rev. Proc. 2023-2 (IRB 2023-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2022-2 superseded.
Rev. Proc. 2023-1 (IRB 2023-1) Procedures for letter rulings and information letters; Associate Chief Counsel; Corporate; Financial Institutions and Products; Income Tax and Accounting; International; Passthroughs and Special Industries; Procedure and Administration; Tax Exempt and Government Entities; Rev. Proc. 2021-1 superseded.

 

Regulations

T.D. 9971 (IRB 2023-3) Withholding on sale of United States real property interest from foreign person; foreign pension funds which are exempt.
T.D. 9970 (IRB 2023-2) Automatic extension of time for providers of minimum essential coverage; health insurance agencies, self-insured employers, government agencies; to firnish statements regarding such coverage and an alternative method for furnishing statementments; automatic extension for applicable large employers (50 or more employees).

 

Proposed Regulations

REG 114666-22 (IRB 2023-4) Sec. 401; participant election rules; alternatives to the physical presence requirement; witnessing spousal consent.
REG 100442-22 (IRB 2023-3) Sec. 892; 897; limited exemption from taxation for foreign governments; foreign person taxed on gain on sale of U.S. real estate; REITs and RICs; when qualified investment entity domestically controlled.
REG 146537-06 (IRB 2023-3) Sec. 892; IRS reopening comment period for REG-146537-06; exemption from taxation afforded foreign governments.>br>

 

Notices

Notice 2023-11 (IRB 2023-3) FACTA reporting relief to Model 1 FFIs who have not been ab le to obtain U.S. TINs for pre-oexisting accounts.
Notice 2023-10 (IRB 2023-3) Third party settlement organizations; TPSO; trnasition period for purposes of enforcement and administration; modified de minimis exception; $20,000 amount and 200 transaction threshold.
Notice 2023-9 (IRB 2023-3) Sec. 45W; Commercial clean air vehicles; incremental cost of manufactureed vehicles; $7,500.
Notice 2023-7 (IRB 2023-3) Corporate alternative minimum tax; forthcoming aregulations; special rules; consolidated returns; depreciation of Sec. 168 property; determining "applicable" corporation.
Notice 2023-3 (IRB 2023-3) Sec. 61; optional standard mileage rates for computing cost of operating an auto for business, medical, anc charitable purposes; depreciation assumed taken; maximum standard auto cost for fixed and variable plan.
Notice 2023-2 (IRB 2023-3) Sec. 4501; stock repurchase excise tax; M&A transactions; accelerated stock repurchases; compensatory stock awards; how to report and pay the excise tax.
Notice 2023-1 (IRB 2023-3) Sec. 30D; expected content of regulations; definitions of terms including final assembly, North America; classification for categories of vehicles.
Notice 2023-8 (IRB 2023-2) Sec. 1446; withholding onm the transfer of an interest in a publicly traded partnership; PTP; guidance to brokers.
Notice 2023-6 (IRB 2023-2) Sec. 34, 38, 40B, 87, 6426, 6427; sustainable aviation fuel credits; credit and payment rules.
Notice 2023-5 (IRB 2023-2) Corporate bond monthly yield curve December 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2023-4 (IRB 2023-2) No Surprises Act; qualifying payment amount; QPA; indexing factors for group health plans and health insurance issuers; certain out-of-network items or services to patients.

 

Announcements

Announcement 2023-1 (IRB 2023-3) Sec. 179D; energy efficient commercial building property deduction; new reference standard.
Announcement 2023-2 (IRB 2023-2) Sec. 6045, 6045A; rules regarding the reporting of information on digital assets by brokers; report based on existing law; no change until new final regulations issued.

 

Action On Decision

None

 

       Links to Individual Bulletins

Internal Revenue Bulletin 2023-1
Internal Revenue Bulletin 2023-2
Internal Revenue Bulletin 2023-3
Internal Revenue Bulletin 2023-4

 


Copyright 2023 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject. Copyright is not claimed on material from U.S. Government sources--ISSN 1089-1536

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--Last Update 01/21/23