Small Business Taxes & Management

IRS Pronouncements--2022

Note. The list below contains a synopses of revenue rulings, revenue procedures, notices, announcements and regulations beginning with those issued January 1, 2022. 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--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.

The list below includes pronouncements for the first 39 bulletins of 2022.
Entries for each section are in the order they appear in the bulletins.
Go to our Abbreviations page for details on any abbreviations.
Quick link to Individual Bulletins for 2022
If you know the number, you can access a PDF file of any recent Revenue Ruling, Revenue Procedure, or Notice at the IRS Web site directly. Simply paste the appropriate link below into your browser and enter the desired ruling, procedure, or notice number instead of the xx.

For Revenue Rulings-- www.irs.gov/pub/irs-drop/rr-22-xx.pdf
For Revenue Procedures-- www.irs.gov/pub/irs-drop/rp-21-xx.pdf
For Notices-- www.irs.gov/pub/irs-drop/n-22-xx.pdf

The xx must be at least two digits. Thus, Revenue Ruling 5 for 2022 would be: www.irs.gov/pub/irs-drop/rr-22-05.pdf For prior years, change the 22 to the appropriate year (available years vary).

New Additions - Bulletin 39

REG 125693-19 (IRB 2022-39) Resolution of federal tax controversies by IRS Independent Office of Appeals; clarifications of issues that do not meet the definition of a federal tax controversy.

Notice 2022-38 (IRB 2022-39) Sec. 45Q; carbon sequestration credit for 2022; inflation adjustment.

For the full text of these rulings, go to Internal Revenue Bulletin 2022-39

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

Cumulative Listings - 2022

Revenue Rulings

Rev. Rul. 2022-17 (IRB 2022-36) Applicable federal rates; adjusted federal long-term rate; September, 2022.
Rev. Rul. 2022-16 (IRB 2022-35) Sec. 2032A; estate taxes; special use value; farms; interest rates; 2022 interest rates.
Rev. Rul. 2022-15 (IRB 2022-35) Interest rates on underpayments and overpayments; quarter beginning September 1, 2022.
Rev. Rul. 2022-14 (IRB 2022-31) Applicable federal rates; adjusted federal long-term rate; August, 2022.
Rev. Rul. 2022-13 (IRB 2022-30) Sec. 432; merger of multiempployer defined benefit pension plans; special financial assistance from Pension Benefit Guaranty Corporation.
Rev. Rul. 2022-12 (IRB 2022-27) Applicable federal rates; adjusted federal long-term rate; July, 2022.
Rev. Rul. 2022-11 (IRB 2022-23) Interest rates on underpayments and overpayments; quarter beginning July 1, 2022.
Rev. Rul. 2022-10 (IRB 2022-23) Applicable federal rates; adjusted federal long-term rate; June, 2022.
Rev. Rul. 2022-9 (IRB 2022-18) Applicable federal rates; adjusted federal long-term rate; May, 2022.
Rev. Rul. 2022-8 (IRB 2022-14) Applicable federal rates; adjusted federal long-term rate; April, 2022.
Rev. Rul. 2022-7 (IRB 2022-14) Recipients of returns or return information; disclosure restrictions; Rev. Rul. 2004-53 modified and superseded.
Rev. Rul. 2022-6 (IRB 2022-12) Sec. 61; fringe benefits; terminal charge; aircraft valuation formula; SIFL; Standard Industry Fare Level first half 2022.
Rev. Rul. 2022-5 (IRB 2022-10) Interest rates on underpayments and overpayments; quarter beginning April 1, 2022.
Rev. Rul. 2022-4 (IRB 2022-10) Applicable federal rates; adjusted federal long-term rate; March, 2022.
Rev. Rul. 2022-3 (IRB 2022-6) Applicable federal rates; adjusted federal long-term rate; February, 2022.
Rev. Rul. 2022-2 (IRB 2022-4) Sec. 401; covered compensation tables.
Rev. Rul. 2022-1 (IRB 2022-2) Applicable federal rates; adjusted federal long-term rate; January, 2022.

Revenue Procedures

Rev. Proc. 2022-34 (IRB 2022-33) Sec. 36B; applicable percentage table used to calculate premium tax credit updated for calendar year 2023; required percentage contribution updated; employer sponsored minimum essential coverage.
Rev. Proc. 2022-29 (IRB 2022-33) Procedure to request creation of special statistical studies and compilations involving return information; criteria for determining reasonable fees; Rev. Proc. 2009-36 modified and superseded.
Rev. Proc. 2022-30 (IRB 2022-31) Private printing of red-ink substitutes for 2022 Forms W-2 and W-3; specifications; Rev. Proc. 2021-46 superseded.
Rev. Proc. 2022-32 (IRB 2022-30) Sec. 2010; portability of deceased spousal unused exclusion amount; DSUE; election; fivth aniversary of decedent's death; simpliifed method; estate tax return not filed.
. Rev. Proc. 2022-26 (IRB 2022-29) Sec. 4661; 4671; 4672; Superfund excise taxes; Infrastructure Investment and Jobs Act; procedure for request for determination.
Rev. Proc. 2022-28 (IRB 2022-27) Sec. 4980; IRS will not issue letter rulings on whether a spinoff/termination transaction that involves excess assets; Rev. Proc. 2022-3 amplified.
Rev. Proc. 2022-25 (IRB 2022-27) Private printing of red-ink substitutes for 2022 revisions of certain information returns; Publication 1179; Rev. Proc. 2021-27 superseded.
Rev. Proc. 2022-22 (IRB 2022-21) Bona fide residents of Puerto Rico; child tax credit; simplified procedures; CTC.
Rev. Proc. 2022-24 (IRB 2022-20) Sec. 223; HSAs; Health Savngs Account; inflation adjusted amounts; maximum amount; health reimbursement arrangements; HRAs.
Rev. Proc. 2022-23 (IRB 2022-18) Sec. 168; late elections for taxable year ending in 2018 or 2019 for certain property placed in service after December 31, 2017; film, television, or live theatrical productions.
Rev. Proc. 2022-21 (IRB 2022-16) Sec. 143; qualified mortgage bonds; mortage credit certficates; nationwide average purchase price for residences; average area purchase price safe harbors.
Rev. Proc. 2022-20 (IRB 2022-14) SEc. 147; public approval requirement; tax-exempt qualified private activity bonds; teleconference hearings.
Rev. Proc. 2022-18 (IRB 2022-13) Sec. 911; foreign earned income exclusion; bona fide residence test or physical presence test; waiver of presence test; added countries.
Rev. Proc. 2022-17 (IRB 2022-13) Sec. 280F; depreciation limits passenger automobiles (including trucks and vans); lease income inclusion amount.
Rev. Proc. 2022-15 (IRB 2022-13) Specifications for printing substitute Form 941, Schedule B, Schedule R and Form 8974.
Rev. Proc. 2022-14 (IRB 2022-7) List of Automatic Changes; automatic change procedures; Rev. Proc. 2015-13 clarified and modified.
Rev. Proc. 2022-12 (IRB 2022-7) Simplified filing procedures for electronic and paper for individuals not otherwise required to file 2021 return; facilitation of ability to cliam the child tax credit, recovery rebate credit and earned income tax credit for 2021; zero adjusted gross income.
Rev. Proc. 2022-13 (IRB 2022-6) When and how IRS will issue Notice of Employment Tax Determination Under Sec. 7436; how to petition Tax Court; Notice 2002-5 modified and superseded.
Rev. Proc. 2022-10 (IRB 2022-6) Private letter ruling requests; 18-month pilot program for fast-track processing; jurisdiction of Associate Chief Counsel (Corporate).
Rev. Proc. 2022-8 (IRB 2022-4) Sec. 501; electronic submission process on www.pay.gov; Form 1024 Application for Recognition of Exemption Under Sec. 501 or Sec. 521; transition relief period; Rev. Proc 2022-5 modified; Rev. Procs. 72-5 and 2015-17 modified and superseded.
Rev. Proc. 2022-11 (IRB 2022-3) Sec. 9816; 9817; Qualifying payment amount for group health plans and health insurance insurers; indexing factor; QPA.
Rev. Proc. 2022-9 (IRB 2022-2) Sec. 446; automatic consent to change methods of accounting to comply with final regulations; Sec. 263A, 448, 460, 471; Rev. Proc. 2019-43 modiified.
Rev. Proc. 2022-7 (IRB 2022-1) Areas of IRC under jurisdiction of Associate Chief Counsel (International); IRS will not issue rulings.
Rev. Proc. 2022-5 (IRB 2022-1) Procedures for issuing determination letters; issues under jurisdiction of Director, Exempt Organizations; EO; rulings and agreements; pension, profit-sharing, stock bonus, annuity, and employee stock ownership plans; private foundation status; Sec. 7428.
Rev. Proc. 2022-4 (IRB 2022-1) Revised procedures; determination letters and letter rulings issued by the Commissioner; Tax Exempt and Government Entities; Employee Plans Rulings and Agreements; Rev. Procs. 2021-4 updated.
Rev. Proc. 2022-3 (IRB 2022-1) Revised list of areas where IRS will not issue letter rulings or determination letters; Corporate; Financial Institutions and Products; Income Tax and Accounting; Passthroughs and Special Industries; Procedure and Administration; Tax Exempt and Government Entities; Associate Chief Counsel; Rev. Proc. 2022-3 superseded.
Rev. Proc. 2022-2 (IRB 2022-1) Procedures for Technical advice memoranda; TAMS; taxpayer rights when field office requests TAMS; Rev. Proc. 2021-2 superseded.
Rev. Proc. 2022-1 (IRB 2022-1) 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. 9965 (IRB 2022-37) Implementation of No Surprises Act; regulations issued jointly with Department of Health and Human Services; Department of Labor; disclosure requirements group health plans and health insurance issuers.
T.D. 9964 (IRB 2022-35) Inspection of certain returns of tax-exempt organizations by state officials for administrating state laws governing certain tax-exempt organizations.
T.D. 9963 (IRB 2022-34) Sec. 754; requirements for making valid election to adjust basis of partnership property for distribution by partnership or transfer of an interest; removal of regulatory burden in making election.
T.D. 9962 (IRB 2022-11) Special enrollment exams for enrolled agents; user fees.
T.D. 9960 (IRB 2022-07) Sec. 958; final regulations; treatment of domestic partnerships in determining amounts included in gross income of partners with respect to foreign corporations; ownership of foreign corporations through domestic partnerships.
T.D. 9961 (IRB 2022-03) Tax consequences of discontinuation of interbank offered rates; IBOR; mitigation of tax consequences that might otherwise arise when a taxpayer modifies a discontinuing IBOR
T.D. 9959 (IRB 2022-03) Sec. 961; foreign tax credit; dividends eligible for dividends-received deduction; allocation and apportionment of interest; certain deductions of life insurance companies; definition of foreign income tax; time at which foreign taxes accrue; foreign-derived intangible income.

Proposed Regulations

REG 125693-19 (IRB 2022-39) Resolution of federal tax controversies by IRS Independent Office of Appeals; clarifications of issues that do not meet the definition of a federal tax controversy.
REG 130675-17 (IRB 2022-30) Sec. 1265; definition of foreign currency contract; foreign currency forward contract.
REG-139075-08 (IRB 2022-28) Sec. 2053; proper use of present-value principles to determine deductible amount; deductibility of interest expense; substantiation requirements for value of claims against the estate; deductibility of amounts plaid under a decedent's personal guarantee.
REG-122770-18 (IRB 2022-21) Use of actuarial tables in valuing annuities; interests for life or a term of years; and remainder or reversionary interests; valuation of inter vivos and testamentary transfers of interests.
REG-118913-21 (IRB 2022-20) Sec. 2010; estates of decedents dying and gifts made beginning in 2018 and through 2025; basic exclusion amount; estate tax on gifts sheltered from gift tax when made.
REG-106384-20 (IRB 2022-20) Mortality tables; defined benefit pension plans; minimum funding requirements; minimum amount for lump-sum distribution.
REG-114339-21 (IRB 2022-17) Sec. 36B; amend existing regulations regarding eligibilty for premium tax credit; minimum value rule for family members of employees.
REG-121509-18 (IRB 2022-15) Multiple employer plans; MEPs; exception to unified plan rule; failure to satisfy requirements.
REG-105954-20 (IRB 2022-11) Sec. 114; 401; guidance on legislation passed by Setting Every Community Up for Retirement Enhancement Act; SECURE; pension plans; increase in mandatory age to being distributions; inherited plans; trusts as beneficiaries.
REG-114209-21 (IRB 2022-11) Special enrollment exams for enrolled agents; user fees.
REG-118250-20 (IRB 2022-7) Treatment of domestic partnerships and S corporations owning stock in passive foreign investment companies and their partners and shareholders; determination of controlling interest domestic shareholders of foreign corporations; election under Sec. 1311; related person insurance income under Sec. 953.

Notices

Notice 2022-38 (IRB 2022-39) Sec. 45Q; carbon sequestration credit for 2022; inflation adjustment.
Notice 2022-37 (IRB 2022-37) Sec. 871; notice of intent to delay regulations effective/applicability date of certain rules and provide a phase-in period.
Notice 2022-36 (IRB 2022-36) Penalty relief to taxpayers for certain civil penalties with respect to 2019 and 2020 returns; penalties waived or refunded.
Notice 2022-35 (IRB 2022-36) Corporate bond monthly yield curve August 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-34 (IRB 2022-33) Section 987; notice of intention to amend regulations to defer applicability date.
Notice 2022-33 (IRB 2022-34) Extension of deadline for amending a retirement plan or IRA to reflect provisions of SECURE Act, Bip0artisian American Miners Act, and Coronavirus Aid, Relief, and Economic Security Act.
Notice 2022-32 (IRB 2022-32) Corporate bond monthly yield curve July 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-31 (IRB 2022-29) Sec. 430; changes by American Rescue Plan Act; election of alternative minimum funding standards; defined benefit plan; part of community newspaper.
Notice 2022-30 (IRB 2022-28) Notice of intention to amend regulations under Sec. 59A and 6038A to defer applicability date of certain provisions; reporting of qualified derivative payments.
Notice 2022-29 (IRB 2022-28) Corporate bond monthly yield curve June 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-28 (IRB 2022-23) Sec. 170; guidance under employer leave-based donation programs; income and employment tax treatement; victims of Ukraine-Russia war.
Notice 2022-25 (IRB 2022-23) Corporate bond monthly yield curve May 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-27 (IRB 2022-22) Sec 401; physical presence witness requirement; plan representative or notary; 6-month extension of temporary relief to December 31, 2022; Notice 2020-42.
Notice 2022-24 (IRB 2022-21) Sec. 613; percentage depletion on marginal properties for calendar year 2022; 15percent.
Notice 2022-20 (IRB 2022-21) Sec. 45; inflation factor and reference price; calendar year 2022; renewable electricity production credit.
Notice 2022-23 (IRB 2022-20) Sec. 1441; 1446; qualified intermediary withholding agreement; withholding and reporting responsibilities.
Notice 2022-22 (IRB 2022-20) Sec. 430; mortality tables updated; minimum funding requirements; minimum distributiom requirements.
Notice 2022-21 (IRB 2022-20) Request for recommendations; 2022-2023 Priority Guidance Plan.
Notice 2022-19 (IRB 2022-18) Enhanced oil recovery credit taxable years beginning in 2022; inflation adjustments; reference price ($65.90) exceeds $28 times inflation factor; enhanced oil recovery credit phased out completely.
Notice 2022-18 (IRB 2022-18) Sec. 45; referene price qualified natural gas production from qualified marginal wells taxable years beginning 2021; marginal well production credit.
Notice 2022-17 (IRB 2022-18) Sec. 45K; 43; 613A; calendar 2021 reference price; enhanced oil recovery credit; marginal well production credit qualified crude oil; percentage depletion in case of oil and natural gas produced from marginal properties.
Notice 2022-16 (IRB 2022-18) Corporate bond monthly yield curve April 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-15 (IRB 2022-18) Sec. 6656; failure to deposit penalties; excise taxes certain chemicals; imported substances; deposit safe harbor rules
Notice 2022-14 (IRB 2022-14) Corporate bond monthly yield curve March 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-13 (IRB 2022-14) Sec. 6654; waiver of penalty for underpayment of estimated income tax by qualifying farmers and fisherman; file by April 18 and pay in full tax due.
Notice 2022-11 (IRB 2022-14) Sec. 9816; 9817; indexing factor for the qualifying payment amount for items and servic es in 2022; group health plan or group or individual health insurance issuer; rates under No Surprise Act.
Notice 2022-12 (IRB 2022-12) Sec. 42; 142; 146; state housing credit ceiling; private activity bond volume cap; private activity bond volume limit.
Notice 2022-10 (IRB 2022-10) Sec. 911; limitations on housing expenses; costs for foreign housing; year 2022 limitations to 2021 tax year.
Notice 2022-9 (IRB 2022-10) Corporate bond monthly yield curve February 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-8 (IRB 2022-7) Sec. 403; 2022 Cumulative List of Changes preapproved plans; applying for opinion letters second remedial amendment cycle.
Notice 2022-7 (IRB 2022-6) Corporate bond monthly yield curve January 2022; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-6 (IRB 2022-5) Life expectancy and mortality tables used to determine substantially equal periodic payments; 5 percent floor on the maximum interest rates to calculate annuity payments under fixed amortization and annuitization methods; Notice 2004-15 modified.
Notice 2022-5 (IRB 2022-5) Sec. 42; 142; qualified low-income housing projects; temporary relief from certain requirements in Notice 2021-12,
Notice 2022-4 (IRB 2022-2) Sec. 4375; 4376; Affordable Care Act; fee on insurers of health insurance policies; self-insured plans; Patient-Centered Outcomes Research Trust Fun; PCORTF.
Notice 2022-3 (IRB 2022-2) Standard mileage rates for 2022; operation of motor vehicle for business, charitable, and medical or moving purposes; fixed and variable rate; FAVR; maximum fair market value for fleet-average valuation or cents-per-mile valuation rule.
Notice 2022-2 (IRB 2022-2) Corporate bond monthly yield curve December 2021; Sec. 417; 430; interest rate on 30-year Treasury securities.
Notice 2022-1 (IRB 2022-2) Sec. 6050P; 108; lenders or servicers of student loans; information returns; discharge of student loans when discharge is excluded from gross income>

Announcements

Announcement 2022-20 (IRB 2022-38) Notification that there were no articles submitted for publication in IRB 2022-38.
Announcement 2022-19 (IRB 2022-36) Notice to potential donors of a stipulated decison by U.S. Tax Court in declaratory judgment proceedings under Sec. 7428.
Announcement 2022-18 (IRB 2022-36) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2022-17 (IRB 2021-35) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2022-16 (IRB 2022-33) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2022-15 (IRB 2022-31) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2022-14 (IRB 2022-31) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2022-13 (IRB 2022-26) Optional standard mileage rate for computing costs of operating a auto for business, medical or moving expense; reimbursed portion deemed substantiated; effective July 1, 2022; Notice 2022-3 modified.
Announcement 2022-12 (IRB 2022-25) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2022-11 (IRB 2022-24) Notification that there were no articles submitted for publication in IRB 2022-24.
Announcement 2022-10 (IRB 2021-22) Sec. 501; organizations no longer qualifying as 501(c)(3) for failure to meet code section requirements; contributions by individual donors no longer deductible.
Announcement 2022-9 (IRB 2021-22) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2022-8 (IRB 2021-19) Notification that there were no articles submitted for publication in IRB 2022-19.
Announcement 2022-7 (IRB 2021-15) Sec. 521; annual report to the public on advance pricing agreements; APAs; Advance Pricing and Mutual Agreement Program; APMA.
Announcement 2022-6 (IRB 2021-13) Temporary suspension of prototype IRA opinion letter program; taxpayers may rely on previously received favorable opinion letter.
Announcement 2022-5 (IRB 2021-11) Office of Professional Responsibility; OPR; disciplinary sanctions.
Announcement 2022-4 (IRB 2022-9) Notification that there were no articles submitted for publication in IRB 2022-9.
Announcement 2022-3 (IRB 2022-8) Notification that there were no articles submitted for publication in IRB 2022-8.

Action On Decision

Action on Decision 2022-2 (IRB 2022-12) Nonacquiescence to the holding; CSX Corp.; relocation benefits provided by a railroad to employees exempt from Railroad Retirement Tax Act; RRTA: Sec. 3231.

Links to Individual Bulletins

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--Last Update 09/24/22