The Internal Revenue Service has released final regulations regarding the use of mortality experience data for the COVID-19 pandemic period.
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 23, 2024, for Oklahoma severe storms.
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 23, 2024, for Kentucky severe storms, straight-line-winds, tornadoes, landslides and mudslides.
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 23, 2024, for Missouri severe storms, straight-line-winds, tornadoes and flooding.
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 23, 2024, for Puerto Rico severe storms, flooding, landslides and mudslides.
The IRS has announced the postponement of certain tax-related deadlines for victims of hurricane Beryl in Texas.
The Internal Revenue Service has issued Notice 2024-59, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
The Federal Emergency Management Agency issued a Major Disaster Declaration on July 18, 2024, for Montana severe winter storm and flooding.
The Internal Revenue Service has released final regulations that revise existing regulations applicable to RMDs, eligible rollover distributions, and excess accumulation tax.
The IRS has issued Revenue Ruling 2024-15, which contains the applicable federal rates (AFR) for August 2024.