The IRS released Revenue Procedure 2021-25 on May 10, 2021 announcing the cost-of-living adjustments (COLAs) applicable to health savings accounts (HSAs) for the calendar year 2022. The changes include an increase in ...
On Wednesday May 5, 2021, the House Ways & Means Committee approved HR 2954, the Securing a Strong Retirement Act of 2021 (SSRA) with a unanimous vote. The bill is now ...
IRS Announces Additional Postpones Deadlines for IRA/HAS Contributions and Other Time-Sensitive Acts
On April 29, 2021, the IRS issued News Release KY-2021-01 and News Release AL-2021-01 to provide "affected taxpayers" who were victims of certain disasters in Kentucky and Alabama relief with postponed deadlines ...
In News Release IR-2021-67 the Internal Revenue Service announced that individuals have until May 17, 2021 to meet certain deadlines that would normally fall on April 15. This confirms that ...
The Treasury Department and Internal Revenue Service announced today in News Release IR-2021-59 that the federal income tax filing due date for individuals for the 2020 tax year will be ...
On February 22, 2021, the IRS issued News Release IR-2021-43 to provide “affected taxpayers” relief with postponed June 15th deadlines for the completion of certain time-sensitive acts many of which are related ...
On Sunday December 27, 2020, President Trump signed the COVID relief package into law containing countless provisions addressing both pandemic relief and general funding for the federal government. The legislation ...
The IRS has posted a preview of the final regulations (TD 9930) which sets forth final regulations providing guidance relating to the life expectancy and distribution period tables that are used to ...
The IRS issued Notice 2020-79 announcing the 2021 cost-of-living adjustments (COLAs) applicable to dollar limitations for employer-sponsored retirement plans, including individual retirement arrangements (IRAs). The annual contribution limit remains at ...
The IRS has released Revenue Procedure 2020-46 which modifies and updates Revenue Procedure 2016-47 which provides a list of permissible reasons for self-certification of eligibility for a waiver of the ...