Hardship Distributions May Be Permitted for California Severe Winter Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 10, 2023, for severe winter storms, flooding, landslides, and mudslides in California.
Build Back Better Provisions Resurface in White House Budget Proposal
President Biden’s fiscal year 2024 budget includes proposed retirement account restrictions for certain taxpayers.
IRS Finalizes Electronic Filing Requirements for Certain Information Returns
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.
SECURE 2.0 Act Changes RMD Rules
On December 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023, which included the SECURE 2.0 Act.
Deadline Relief for California Severe Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, flooding and landslides in California.
SECURE 2.0 is Congress’s Retirement Enhancement Encore
This bill was included in the Consolidated Appropriations Act of 2023, which was signed into law on December 29, 2022.
IRS Updates Determination Letter and VCP Submission Information
The IRS has issued Revenue Procedure (Rev. Proc.) 2023-4, which updates guidance on determination letter submission procedures.
Deadline Relief for California Severe Winter Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms, flooding, and mudslides in California.
IRS Final Rule on Electronic Filing Requirements has left OMB
A final rule from the IRS titled “Electronically Filed Returns” has left The Office of Management and Budget.
Congress Approves Appropriations Bill, Containing the SECURE 2.0 Act of 2022, President’s Signature Expected
The House of Representatives has passed the Consolidated Appropriations Act of 2023, HR 2617, today with a 225-201-1 vote.
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