Skip to content
Comply Exchange Logo Light Version

2022 IRW Penalties

On November 8, 2021, the IRS published Revenue Procedure 2021-45, which includes information return penalties for tax year 2022. We have prepared a chart that includes the increases from tax year 2020 to tax year 2021 and finally the new penalties adjusted for inflation for reporting 2022 information in the year 2023.

Check out inflation increases in Revenue Procedure 2021-45 here:

https://www.irs.gov/pub/irs-drop/rp-21-45.pdf

Make sure to follow Comply Exchange for more industry updates and subscribe to the Comply Catch-up for a full industry round-up at the end of each month!

2022 IRW Penalties

This document contains general information only and is not a substitute for accounting, tax, or any other professional advice or services. The information provided is considered accurate at the time of publishing and will not be updated with new regulation requirements.

You might also enjoy

Join our mailing list!

Join our mailing list!