irs guidance

The IRS has issued Revenue Ruling 2023-1, which contains the applicable federal rates (AFR) for January 2023.

IRS will not enforce 50% excess accumulation penalty tax for certain beneficiaries.

Earlier this year, the IRS released proposed regulations to update the mortality tables that are used to calculate minimum required contributions for single-employer defined benefit (DB) pension plans.

The DOL’s EBSA, the IRS, and the PBGC jointly released the 2022 Form 5500, Annual Return/Report of Employee Benefit Plan, and the 2022 Form 5500-SF, Short Form Annual Return/Report of Small Employee Benefit Plan.

The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storm and snowstorm in New York.

Earlier this year, the IRS issued Notice 2022-27, further extending temporary relief from the physical presence requirements for certain elections.

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storm and flooding in Illinois.

The IRS has issued Revenue Ruling 2022-22, which contains the applicable federal rates (AFR) for December 2022.

The IRS has issued Revenue Procedure 2022-40, which permits the submission of determination letter applications for 403(b) individually designed plans.

The IRS has issued its 2022-2023 Priority Guidance Plan, in which it describes guidance projects in the current fiscal year.