The revisions are effective for plan years beginning on or after January 1, 2023.
The IRS has released final regulations amending rules intended to increase the filing of electronic returns in accordance with the Taxpayer First Act of 2019.
The IRS has released Announcement 2023-6, stating that it expects to issue opinion letters for pre-approved defined benefit plans that were filed with the IRS during the third remedial amendment cycle.
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 Notice 2023-12, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
The IRS has issued Revenue Procedure (Rev. Proc.) 2023-4, which updates guidance on determination letter submission procedures.
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms, flooding, and mudslides in California.
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storm in New York.
The IRS has released a proposed rule titled Use of an Electronic Medium to Make Participant Elections and Spousal Consents.
A final rule from the IRS titled “Electronically Filed Returns” has left The Office of Management and Budget.