KPMG has made available for download their article, “IRS Releases Annual Revenue Procedures for 2021”, which discusses six of the major annual revenue procedures for 2022. The abstract is as follows:
The IRS posted the first edition of the Internal Revenue Bulletin for 2022 (IRB 2022-1, dated January 3, 2022) providing six of the “annual revenue procedures” for 2022.
IRB-2022-1 [PDF 2.8 MB] (304 pages) includes the following six annual revenue procedures:
Rev. Proc. 2022-1 – Letter rulings, information letters, and determination letters
Rev. Proc. 2022-2 – Technical advice
Rev. Proc. 2022-3 – Areas in which rulings will not be issued (domestic area)
Rev. Proc. 2022-4 – Determination letters and letter rulings (tax-exempt and government entities, employee plans)
Rev. Proc. 2022-5 – Determination letters (exempt organizations)
Rev. Proc. 2022-7 – Areas in which rulings will not be issued (international area)
To see the full article, click: “IRS Releases Annual Revenue Procedures for 2021”
Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.