IRS Releases Draft Forms 1099-R and 5498 for 2023 Tax Year
The IRS has posted draft versions of Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., and Form 5498, IRA Contribution Information for tax year 2023.
Deadline Relief for Florida Victims of Hurricane Ian
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in Florida.
Hardship Distributions May Be Permitted for South Carolina Hurricane Ian
The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for South Carolina Hurricane Ian, beginning September 25, 2022.
IRS Posts Form 4972
The IRS has posted Form 4972, Tax on Lump-Sum Distributions, for tax year 2022.
IRS Announces Applicable Federal Rates for October 2022
The IRS has issued Revenue Ruling 2022-18, which contains the applicable federal rates (AFR) for October 2022.
IRS Releases Draft 2023 Form W-4R
The IRS has posted a draft 2023 Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-40, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Deadline Relief for Puerto Rico Victims of Hurricane Fiona
The IRS has announced the postponement of certain tax-related deadlines for victims of hurricane Fiona in Puerto Rico.
Deadline Relief for Arizona Victims of Severe Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms in Arizona.
IRS Provides Additional Form W-4P, W-4R Guidance
The IRS has provided additional guidance related to federal income tax withholding requirements for retirement plan and IRA payments.
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