IRS Releases Revised Publication 1586

August 18, 2022

The IRS recently released a revision to Publication 1586, Reasonable Cause Regulations and Requirements for Missing and Incorrect Name/TINs. There were minor grammar and punctuation changes as well as updates to revision date and years. Additionally, the following notable changes were made:

·         Penalty rate tables updated to reflect new rates, including annual inflation adjustments

·         New Form W-4R may be used for annual solicitation.

To view the updated publication, click here.

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