IRS sets procedure for Superfund list changes

Internal Revenue Bulletin: 2023-48

This revenue procedure sets forth inflation-adjusted items for 2024 for various Code provisions as in effect on November 9, 2023.

SERVICE EXPLAINS PROCEDURES FOR ADDING ... - Tax Notes

SERVICE EXPLAINS PROCEDURES FOR ADDING AND DROPPING SUBSTANCES FROM SUPERFUND TAX LIST. ... modifications to the List, but such person may not petition.

FIRST IMPRESSIONS | Proposed Superfund Tax regulations ...

Among the requirements set forth in Revenue Procedure 2022-26, taxpayers must provide the IRS the predominant method of producing the taxable ...

Internal Revenue Bulletin: 2024-26

Revenue Procedure 2022-26, as modified by Revenue Procedure 2023-20, provides the procedures for an importer, exporter, or interested person to ...

Infrastructure Investment and Jobs Act Revitalizes Superfund Tax on ...

After enactment, the IRS established a process, under Notice 89-61, under which petitions could be filed to either request an addition or ...

IRS issues Rev. Proc. for new Superfund excise tax - RSM US

It establishes the procedures for how to add or remove substances from the list of taxable articles by filing a petition with the IRS. While the ...

Internal Revenue Bulletin: 2023-15

90, to change the date on which substances are added to the List for purposes of refund claims under § 4662(e). This revenue procedure also ...

IRS practice & procedure - Journal of Accountancy

IRS sets procedure for Superfund list changes. The IRS also has posted general Superfund FAQs and tax rates for some chemical substances subject to the ...

A New(ish) Chemical Excise Tax Effective July 2022 | Tax Talks

The new Superfund Chemical Tax, which is set to expire on ... [6] IRS, Superfund; Initial List of Taxable Substances; Registration ...

IRS provides tax inflation adjustments for tax year 2024

Highlights of changes in Revenue Procedure 2023-34: The tax year 2024 adjustments described below generally apply to income tax returns ...

Notice 2021-66 - IRS

Superfund; Initial List of Taxable Substances; Registration; Procedural Rules; Request ... to make other changes that may be necessary.

Bulletin No. 2023–16 April 17, 2023 HIGHLIGHTS OF THIS ISSUE

6.05 of IRS Revenue Procedure 2015-41 (including any proposals to ... 7 The list of manufacturers is available at the following IRS ...

IRS Gives Guidance On Seeking Superfund Tax List Changes

The Internal Revenue Service released guidance Tuesday for requesting that a substance be added to or removed from a list of taxable ...

Publication 510 (03/2023), Excise Taxes | Internal Revenue Service

Effective January 1, 2023, the Act reinstates and increases the Hazardous Substance Superfund financing rate (petroleum Superfund tax rate) on domestic crude ...

Polyoxymethylene added to Superfund list - KPMG International

The IRS also announced the prescribed tax rates for 121 taxable substances that are subject to the Superfund chemical excise tax imposed by section 4671(a). Rev ...

IRS Issues Procedures to Modify the List of Substances ... - Lexology

As reported in our May 19, 2022, memorandum, the Superfund excise tax on certain chemical substances was reinstated beginning on July 1, ...

Frequently asked questions for energy communities - IRS

Can a property on the National Priorities List (Superfund) be a brownfield site for purposes of the Energy Community Bonus Credit? (added March 22, 2024).

U.S. Department of the Treasury, IRS Announce New Initiative to ...

Treasury and IRS guidance released today kicks off a multi-stage regulatory effort that will stop large, complex partnerships from using opaque business ...

Bulletin No. 2022–29 July 18, 2022 - IRS

revenue procedure, the Superfund chem- ical taxes have been reinstated, effective. July 1, 2022, with several modifications. .02 Tax on ...

Superfund Excise Tax Is Catching Many Companies By Surprise

The newly reinstated excise tax is set to expire on December 31, 2031 and is estimated to generate approximately $14.4 billion of revenue.