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.
Senate Approves Appropriations Bill, Containing the SECURE 2.0 Act of 2022
The House will now take up CAA 2023 with voting anticipated to take place as early as this evening.
Government Funding Bill, Containing SECURE 2.0, Released
Senate Appropriations Committee Chairman Patrick Leahy (D-VT) has released HR 2617, the Consolidated Appropriations Act of 2023.
IRS Announces Applicable Federal Rates for January 2023
The IRS has issued Revenue Ruling 2023-1, which contains the applicable federal rates (AFR) for January 2023.
How IRS Notice 2022-53 Affects Beneficiaries
IRS will not enforce 50% excess accumulation penalty tax for certain beneficiaries.
Hardship Distributions May Be Permitted for South Carolina Hurricane Ian
The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for Hurricane Ian in South Carolina, beginning September 25, 2022, and ending October 4, 2022.
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