2023 Department of Revenue and Internal Revenue Service Updates

Click the links below for the latest updates and resources from the FICPA, AICPA, DOR and IRS.


Past Years


FICPA & AICPA Resources


From the IRS


Special Filing Season Alerts

January 17 update

January 23 is the official start to 2023 tax filing season; more help available for taxpayers this year

IRS has announced Monday, January 23, 2023, as the beginning of the nation's 2023 tax season when the agency will begin accepting and processing 2022 tax year returns.

With the three previous tax seasons dramatically impacted by the pandemic, the IRS has taken additional steps for 2023 to improve service for taxpayers. As part of the August passage of the Inflation Reduction Act, the IRS has hired more than 5,000 new telephone assistors and added more in-person staff to help support taxpayers.

IRS completes automatic corrections of tax year 2020 accounts related to unemployment compensation exclusion; 12 million refunds issued

The IRS recently completed the final corrections of tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment compensation they received in 2020.

The American Rescue Plan Act of 2021, which became law in March 2021, excluded up to $10,200 in 2020 unemployment compensation from taxable income calculations (up to $10,200 for each spouse if married filing joint). The exclusion applied to individuals and married couples whose modified adjusted gross income was less than $150,000.

To ease the burden on taxpayers, the IRS took steps to review the Forms 1040 and 1040-SR that were filed prior to the law's enactment to identify taxpayers who had already reported unemployment compensation as income and were eligible for the correction. The IRS determined the correct taxable amount of unemployment compensation and tax.

California storm victims qualify for tax relief; April 18 deadline, other dates extended to May 15

California storm victims now have until May 15, 2023, to file various federal individual and business tax returns and make tax payments.

The IRS is offering relief to any area designated by the Federal Emergency Management Agency (FEMA). The current list of eligible localities is always available on the Tax Relief in Disaster Situations webpage.

The tax relief postpones various tax filing and payment deadlines that occurred starting on January 8, 2023. As a result, affected individuals and businesses will have until May 15, 2023, to file returns and pay any taxes that were originally due during this period.


January 6 update

IRS releases FAQs about clean vehicle credits for new, previously owned and commercial clean vehicles

IRS has issued frequently asked questions (FAQs) about clean vehicle credits for new, previously owned and commercial clean vehicles.

The Inflation Reduction Act of 2022 (IRA) made several changes to the new clean vehicle credit for qualified plug-in electric drive motor vehicles, including adding fuel cell vehicles. The IRA also added a new credit for previously owned and commercial clean vehicles.

These FAQs provide details on how the IRA revises the new clean vehicle credit for individuals and businesses, information on the previously owned clean vehicle credit for individuals and the new credit for qualified commercial clean vehicles.

IRS issues frequently asked questions about energy credits

IRS has issued FAQs about energy efficient home improvements and residential clean energy property credits.

The inflation Reduction Act of 2022 (IRA) amended the credits for energy efficient home improvements and residential energy property. These FAQs provide details on the IRA's changes to these tax credits, information on eligible expenditures, and provides examples of how the credit limitations work.

IRS updates frequently asked questions about Form 1099-K

The IRS issued a news release and updated frequently asked questions (FAQs) for Form 1099-K, Payment Card and Third Party Network Transactions, in Fact Sheet FS-2022-41PDF.

On December 23, 2022, the IRS announced that calendar year 2022 will be treated as a transition year for the reduced reporting threshold of more than $600. For calendar year 2022, third-party settlement organizations who issue Forms 1099-K are only required to report transactions where gross payments exceed $20,000 and there are more than 200 transactions.

IRS issues standard mileage rates for 2023

The IRS issued the 2023 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on January 1, 2023, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

  • 65.5 cents per mile driven for business use, up 3 cents from the midyear increase setting the rate for the second half of 2022.
  • 22 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces, consistent with the increased midyear rate set for the second half of 2022.
  • 14 cents per mile driven in service of charitable organizations; the rate is set by statute and remains unchanged from 2022.

These rates apply to electric and hybrid-electric automobiles, as well as gasoline and diesel-powered vehicles.


DOR TIPs

The Florida Department of Revenue has published these helpful Tax Information Publications (TIPs) for 2023. 


Current Interest Rates

Floating Rate of Interest is 9 Percent for the Period January 1, 2023 Through June 30, 2023

Oct. 26, 2022

The rate of interest for the period January 1, 2023, through June 30, 2023, is 9 percent. The daily interest rate factor to be used for this period is 0.000246575. The daily interest rate is named a factor because it is not expressed as a percentage. This rate is subject to change effective July 1, 2023.


Fuel Tax

Fuel Tax Rates Adjusted Beginning January 1, 2023

Nov. 17, 2022

Beginning January 1, 2023, the statewide tax rates on motor fuel and diesel fuel will increase. Florida law requires annual adjustments to the state fuel tax rates and the State Comprehensive Enhanced Transportation System (SCETS) tax rate based on the National Consumer Price Index.

Read the full TIP here.


Intangible Tax

2023 Governmental Leasehold Intangible Tax Valuation Factor Table

Jan. 6, 2023

Florida law provides that all leasehold estates or related possessory interest in property of the United States, the State of Florida, or any of its political subdivisions, municipalities, agencies, authorities, or other governmental units are taxed as intangible personal property if the leased property is undeveloped or predominantly used for a residential or commercial purpose and rental payments are due in consideration of the leasehold estate or possessory interest. Unless the leasehold estate qualifies for specific exemptions, lessees of governmentally owned property are required to file an annual intangible tax return.

The valuation factor table for the 2023 Governmental Leasehold Intangible Personal Property Tax Return (Form DR-601G) is provided below.


Sales and Use Tax

Motor Vehicle Sales Tax Rates by State

Jan. 18, 2023

Florida law allows a partial exemption of sales and use tax to be collected on a motor vehicle purchased by a resident of another state. The amount of Florida sales tax to be collected is the amount of sales tax that would be imposed by the purchaser’s home state if the vehicle were purchased in that state. 

CPE sponsors

The Florida Institute of Certified Public Accountants (FICPA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: NASBARegistry.org