Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 8, 2022 – May 14, 2022. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here.

May 10, 2022: The IRS issued a news release, announcing that free face-to-face tax assistance will be provided at Taxpayer Assistance Centers around the country on May 14, 2022.

May 13, 2022: The IRS issued Notice 2022-27, extending (through December 31, 2022) earlier relief that temporarily removed the requirement that certain elections and consents under pension and employee benefit plans be made in the physical presence of a plan representative or notary public.

May 13, 2022: The IRS released its weekly list of written determinations (e.g., Private Letter Rulings, Technical Advice Memorandums and Chief Counsel Advice).

Special thanks to Le Chen in our Washington, DC, office for this week’s roundup.