IRS Makes Changes to Plan Correction Program
The IRS has released Revenue Procedure (Rev. Proc.) 2021-30, which contains significant updates to the Employee Plans Compliance Resolution System (EPCRS).
IRS Finalizes Postponement Period for Federally Declared Disasters
The average number of natural disasters continues to rise. As a result, Congress and the IRS have tried to keep pace by providing relief for those affected by major disasters and emergencies.
Guidance Issued for Single-Employer DB Funding Rules
The IRS has issued Notice 2021-48, providing guidance about changes to the funding rules for single-employer defined benefit pension plans that were made by ARPA.
IRS Proposes eFiling Requirements for Certain Returns
The IRS has released a pre-publication version of proposed regulations amending rules intended to increase the filing of electronic returns.
Deadline Relief for Michigan Storm Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Michigan victims of severe storms, flooding, and tornadoes.
Relief from Physical Presence Requirement Extended
The IRS again extends temporary relief from physical presence requirement for retirement plan consents.
Deadline Relief for Louisiana Storm Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Louisiana victims of severe storms and flooding.
Final Regulations for Deadline Postponements Related to Disasters
The IRS has released final regulations regarding the mandatory 60-day postponement of deadlines for certain time-sensitive, tax-related acts in circumstances of federally declared disasters.
Deadline Relief for West Virginia Storm Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for West Virginia victims of severe storms, straight-line winds, tornadoes and flooding.
IRS Issues Revised 2020 Publication 590-B
The IRS has issued a revised 2020 Publication 590-B intended to clarify the application of required minimum distribution (RMD) rules under the SECURE Act.
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