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 ...
On Thursday April 9, 2020, the IRS issued Notice 2020-23 providing expanded coronavirus relief including IRA rollovers. The rollover relief provides increased flexibility for IRA owners looking to complete a ...
The Internal Revenue Service (IRS) and the Department of Treasury have proposed updates to the life expectancy and distribution period tables that are used to calculate required minimum distributions. Both ...
The IRS issued Notice 2019-59 announcing the 2020 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 ...
Recently, the IRS proposed treasury regulation, REG–132240–15, providing clarification on distributions from certain retirement plans and IRAs that are delivered outside of the United States. This regulation would clarify the ...
The IRS released Revenue Procedure 2019-25 announcing the cost-of-living adjustments (COLAs) applicable to health savings accounts (HSAs) for the calendar year 2020. The changes include an increase in the contribution ...
On September 23, 2018, the IRS made changes to its tax transcript format. These changes were previously announced by the IRS on August 22, 2018 and have been made to ...
The IRS posted the 2018 Instructions Forms 1099-R and the Form 5498, IRA Contributions Information, which made modifications to the following: Box 13a that was previously labeled “Postponed contribution” has ...
On May 10, 2018, the IRS released Revenue Procedure 2018-30, which provided the 2019 inflation adjusted amounts for Health Savings Accounts. The annual contribution limit for an individual with self-only ...
On April 26, 2018, the IRS released Revenue Procedure 2018-27, which provides relief for individuals with family coverage under a high deductible health plan (HDHP) by allowing them to treat ...