This is the table of contents of Internal Revenue Bulletin IRB 2022-50. Click on an entry to view the entry. Items shown under "Highlights of This Issue" open summaries of each IRB-referenced document only. Scroll to Parts I, II, etc. to view the full text versions of each IRB-referenced document. Use the "Keyword Search" option of TouchTax to search the full text of all Internal Revenue Bulletins, including this IRB.
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This revenue procedure specifies when information shown on a return in accordance with the applicable forms and instructions will be an adequate disclosure for purposes of reducing an understatement of income tax under section 6662(d) and for purposes of avoiding the section 6694(a) preparer penalty. This revenue procedure updates Rev. Proc. 2021-52, 2021-51 I.R.B. 883, and applies to any income tax return filed on 2022 tax forms for a taxable year beginning in 2022, and to any income tax return filed in 2023 on 2022 tax forms for short taxable years beginning in 2023.
26 CFR 601.105: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability.
(Also: Part 1, ยงยง 6662, 6694, 1.6662-4, 1.6694-2)
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