IRS Releases Final Guidance on Penalty Exceptions for Failure to File Correct Information Returns or Furnish Payee Statements
The Internal Revenue Service has released final regulations that provide de minimis error safe harbor exceptions to penalties for failure to file correct information returns or furnish correct payee statements.
Disaster Assistance May Be Available for West Virginia
The Federal Emergency Management Agency issued a disaster declaration on January 30, 2024, for West Virginia severe storms.
Disaster Assistance May Be Available for Maine
The Federal Emergency Management Agency issued a disaster declaration on January 30, 2024, for Maine severe storms and flooding.
Deadline Relief for Severe Storms in Connecticut
The IRS has announced the postponement of certain tax-related deadlines for victims in parts of Connecticut affected by severe storms, flooding, and a potential dam breach.
Agencies Release Reporting and Disclosure RFI Under SECURE 2.0
The Department of Treasury, the Department of Labor, and the Pension Benefit Guaranty Corporation have released a Request for Information pursuant to Section 319 of SECURE 2.0.
Retirement Plan Disaster Assistance May Be Available for Rhode Island Severe Storms
The Federal Emergency Management Agency issued a disaster declaration on January 7, 2024 for Rhode Island severe storms, flooding, and tornadoes.
Washington Pulse: IRS Releases Guidance on SECURE 2.0 Provisions
The Internal Revenue Service has released Notice 2024-02, which provides guidance in a question and answer format regarding several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0).
IRS Announces Applicable Federal Rates for February
The IRS has issued Revenue Ruling 2024-03, which contains the applicable federal rates (AFR) for February 2024.
Updated Yield Curves and Segment Rates for DB Plans
The Internal Revenue Service has issued Notice 2024-21, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
IRS Finalizes Rules for Determining Corporate Bond Yield Curve
The IRS has issued its final rule specifying the methodology used to develop the corporate bond yield curve.
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