IRS Guidance Affects Employment Taxes
The IRS issued Notice 2021-24, which provides guidance following the passage of the American Rescue Plan of 2021 (ARPA).
IRS Clarifies Partial Plan Termination During Pandemic
The IRS released a Q&A on the temporary partial plan termination rules for qualified retirement plans in accordance with the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
IRS Provides Details on Beneficiary Rules and CRD Repayments
The 2020 tax year version of IRS Publication 590-B reflects the following noteworthy updates pursuant to the passage of the SECURE, CARES, and Consolidated Appropriations Acts.
Deadlines for Tax Filing and Certain Contributions Confirmed
The IRS makes official the previously announced delay of the April 15, 2021 federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021.
New Guidance on PPE as Medical Expense
The IRS has indicated that amounts paid for PPE that are primarily used to prevent the spread of COVID-19 are treated as amounts paid for medical care.
IRS Announces Extension to File Tax Return
The IRS has announced that tax filing due dates for 2020 tax year federal income tax returns will be automatically extended from April 15, 2021, to May 17, 2021.
Deadline Relief for Louisiana Victims of Storms
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Louisiana winter storm victims.
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.
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