In Revenue Procedure 2022-26, the IRS provides the exclusive procedures for requesting a determination under IRC Section 4672(a)(2) that a substance be added to or removed from the list of taxable substances under IRC Section 4672(a). An importer’s sale or use of these taxable substances is subject to the Superfund excise tax under IRC Section 4671(a). A Tax Alert on the revenue procedure is forthcoming.
Source EY
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