IRS Provides Updated Draft Withholding Forms
The IRS has made available a third early release 2022 tax year draft Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments.
IRS Regulations Address Tax on Unrelated Businesses in Plans
The IRS has released final regulations on computing unrelated business taxable income (UBTI) for a tax-exempt organization.
IRS Issues Deadline Relief for Texas Victims of Winter Storms
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Texas winter storm victims.
New Withholding Form to Be Used for 2022
The IRS has made available a 2022 tax year draft Form W-4P and indicates that the form will be split into two forms.
IRS Details Additional Temporary Guidance for Cafeteria Plans
The IRS has issued Notice 2021-15, providing additional guidance and flexibility to employee benefit plans offering health FSA and dependent care arrangements.
Notices for 2019 Forms 5500 Series Extension Approvals
The IRS has announced that processing requests for an extension of time to file 2019 Forms 5500 series returns were delayed in 2020, resulting in delayed mailing of Notice CP 216F.
New IRS Guidance for Federally Declared Disasters
At the end of 2019, the IRC was amended to create a mandatory 60-day postponement for certain federal tax-related deadlines in the event of a disaster.
IRS Releases Final QPLO Regulations
Plan participants have more time to roll over certain plan loan offsets under the Tax Cuts & Jobs Act of 2017 (TCJA).
Public Hearing for Proposed Regulations on Federally Declared Disasters
Published in the Federal Register is an IRS notice of public hearing on proposed regulations for automatic 60-day postponement of certain deadlines following federally declared disasters.
New guidance for Traditional and QACA Safe Harbor Plans
The SECURE Act makes it easier for employers to adopt ADP/ACP safe harbor plan provisions. These plans have proven popular with many employers.
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