2022 January IRS news recapBy: National Association of Tax Professionals
January 18, 2022

It’s only the third week of January, and the IRS hasn’t even begun accepting 2021 individual returns, but there are a lot of updates coming from the IRS to review. Here’s a recap of the top stories we’re watching:

IRS issues Frequently Asked Questions and Answers for 2021 Recovery Rebate Credit

Jan. 13, 2022 — The Internal Revenue Service today issued frequently asked questions (FAQs) for the 2021 Recovery Rebate Credit.

Get ready for taxes: Bookmark IRS.gov resources and online tools to use before, during and after filing

Jan. 13, 2022 — The Internal Revenue Service today encouraged taxpayers to use IRS online tools and resources to find the information they need to be ready to file their 2021 federal tax returns, including important special steps related to Economic Impact Payments and advance Child Tax Credit payments.

National Taxpayer Advocate delivers Annual Report to Congress; focuses on taxpayer impact of processing and refund delays

Jan. 12, 2022 — National Taxpayer Advocate Erin M. Collins released her 2021 Annual Report to Congress, calling calendar year 2021 “the most challenging year taxpayers and tax professionals have ever experienced.”

IRS updates FAQs for 2021 Child Tax Credit and Advance Child Tax Credit Payments

Jan. 11, 2022 — The Internal Revenue Service today updated frequently asked questions (FAQs) for the 2021 Child Tax Credit and Advance Child Tax Credit to help eligible families properly claim the credit when they prepare and file their 2021 tax return.

IRS selects new IRSAC members for 2022

Jan. 10, 2022 — The Internal Revenue Service today announced the appointment of nine new members to the Internal Revenue Service Advisory Council (IRSAC).

2022 tax filing season begins Jan. 24; IRS outlines refund timing and what to expect in advance of April 18 tax deadline

Jan. 10, 2022 — The IRS announced that the nation’s tax season will start on Monday, Jan. 24, 2022, when the tax agency will begin accepting and processing 2021 tax year returns.

IRS releases its 2021 Progress Update detailing challenging year

Jan. 7, 2022 — The Internal Revenue Service today released its 2021 annual report describing the agency’s work delivering taxpayer service and compliance efforts during the pandemic while highlighting efforts taken by IRS employees to help people during the year.

IRS updates FAQs for 2020 Recovery Rebate Credit

Jan. 7, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on 2020 Recovery Rebate Credit (FS-2022-02).

IRS updates Topic G FAQs for 2020 Unemployment Compensation Exclusion

Jan. 7, 2022 — The Internal Revenue Service today updated its frequently asked questions (FAQs) on 2020 Unemployment Compensation Exclusion (FS-2022-01).

IRS reminder to many: Make final 2021 quarterly tax payment by Jan. 18; avoid surprise tax bill, possible penalty

Jan. 5, 2022 — The IRS urges taxpayers to check into their options to avoid being subject to estimated tax penalties, which apply when someone underpays their taxes.

IRS revises Form 1024, used by most types of organizations to apply for exempt status, to allow electronic filing

Jan. 3, 2022 — As part of ongoing efforts to improve service for the tax-exempt community, the IRS has revised Form 1024, Application for Recognition of Exemption Under Section 501(a) or Section 521 of the Internal Revenue Code, to allow electronic filing.

For Colorado wildfire victims, IRS extends 2021 tax-filing deadline, other deadlines to May 16

Jan. 3, 2022 — Victims of this weekend’s wildfires in Colorado will have until May 16, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.

Payment Processing
Preparer Regulation
Tax Extensions
Tax Office
Tax Preparation
Recovery Rebate Credit
Estimated Tax
Quarterly Tax Payment
Child Tax Credit
Tax Season
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penAbout National Association of Tax Professionals

The National Association of Tax Professionals (NATP) is the largest association dedicated to equipping tax professionals with the resources, connections and education they need to provide the highest level of service to their clients. NATP is comprised of over 23,000 leading tax professionals who believe in a superior standard of ethics and exemplify professional excellence. Members rely on NATP to deliver professional connections, content expertise and advocacy that provides them with the support they need to best serve their clients. The organization welcomes all tax professionals in their quest to continually meet the needs of the public, no matter where they are in their careers.

The NATP headquarters is located in Appleton, WI. To learn more, visit www.natptax.com.

Information included in this article is accurate as of the publish date. This post is not reflective of tax law changes or IRS guidance that may have occurred after the date of publishing. All taxpayer circumstances are different, and NATP recommends contacting research services if you have specific questions about your clients’ tax situations.

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