Retirement Plan Disaster Assistance May Be Available for Alabama Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on May 5, 2023, for severe storms, straight-line winds and tornadoes in Alabama.
IRS Invites Recommendations for Priority Guidance Plan
The Department of the Treasury and the Internal Revenue Service are soliciting recommendations for items to be included on the 2023-2024 Priority Guidance Plan.
Deadline Relief for California Severe Winter Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms, straight-line winds, flooding, landslides, and mudslides in California.
Senate Proposal Would Make Certain ABLE Tax Provisions Permanent
Senator Ted Cruz (R-TX) and co-sponsor Senator Mike Braun (R-IN) have introduced S. 1226, a bill to make permanent several individual tax provisions.
Prime Interest Rate Increased to 8.25 Percent
Effective May 3, 2023, the prime interest rate increased from 8.00 percent to 8.25 percent.
IRS Releases Proposed Forfeiture Guidance
The IRS recently released proposed regulations regarding the use of forfeitures within qualified retirement plans.
Deadline Relief for Florida Severe Storms, Tornadoes, and Flooding
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, tornadoes, and flooding in Florida.
Draft Instructions for Determination Filings of Modified Nonstandardized Pre-Approved Plans Released
The IRS has published a June 2023 draft of instructions for Form 5307, Application for Determination for Adopters of Modified Nonstandardized Pre-Approved Plans.
Disaster Assistance May Be Available for Florida Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 27, 2023, for severe storms, tornadoes, and flooding in Florida.
Proposal Directing SEC to Allow Electronic Delivery Advances Out of Committee
A bill introduced by Congressman Bill Huizenga (R-MI), has been passed out of the House Financial Services Committee.
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