IRS Announces Applicable Federal Rates for November 2022
The IRS has issued Revenue Ruling 2022-20, which contains the applicable federal rates (AFR) for November 2022.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-54, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
IRS Announces Targeted RMD Relief for Certain 2021 and 2022 Beneficiary Distributions under SECURE Act
The IRS has released Notice 2022-53, announcing its intent to issue final regulations related to RMDs that will apply no earlier than the 2023 distribution calendar year.
IRS Requests Comments on Form 5558 Revisions
The IRS has issued a notice and request for comments related to Form 5558, Application for Extension of Time to File Certain Employee Plan Returns.
Deadline Relief for North Carolina Victims of Hurricane Ian
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in North Carolina.
Hardship Distributions May Be Permitted for North Carolina Hurricane Ian
The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for North Carolina Hurricane Ian, beginning September 28, 2022.
IRS Proposes User Fee Increase for Enrolled Actuaries
The IRS has issued a proposed rule to increase the renewal fee for Enrolled Actuaries from $250 to $680.
IRS Posts Draft Form for Reporting Qualified Disaster Retirement Plan Distributions
The IRS has posted a draft Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments as of September 30, 2022.
IRS Releases Draft Forms 1099-R and 5498 for 2023 Tax Year
The IRS has posted draft versions of Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., and Form 5498, IRA Contribution Information for tax year 2023.
Deadline Relief for Florida Victims of Hurricane Ian
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in Florida.
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