The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms and snowstorms in New York.
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 20, 2023, for severe storm and flooding in Vermont.
The IRS has issued Revenue Procedure 2023-17 announcing the 2024 indexed adjustments to the amounts used to calculate employer shared responsibility payments.
The IRS has issued Notice 2023-27, announcing their intent to issue guidance related to the treatment of certain nonfungible tokens (NFTs) as collectibles under Internal Revenue Code Section (IRC Sec.) 408(m).
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, flooding, and landslides in California.
The IRS has issued Revenue Ruling 2023-06, which contains the applicable federal rates (AFR) for April 2023.
FEMA issued a disaster declaration on February 27, 2023, for severe winter storms and snowstorms in South Dakota.
The IRS has released a proposed rule intending to clarify the use and timing of the allocation of forfeitures in qualified retirement plans.
The IRS has issued Notice 2023-19, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
The revisions are effective for plan years beginning on or after January 1, 2023.