Found 1821 Matching Items; Displaying 101 - 110.
SIMPLE IRA Plan Fix-It Guide – You haven't updated your SIMPLE IRA Plan document for current law changes
The laws governing retirement plans change frequently. Some new laws require changes in a plan's terms and operations; others may offer plan sponsors a new option or increase benefits allowable under a plan. Plans must be operated according to each new required provision as of that provision's statutory effective date (established by Congress), and any necessary changes to the plan's language must be made by a separate date set by the IRS. If a plan sponsor decides to take advantage of a new optional rule, the sponsor must adopt an appropriate amendment to the plan language before the end of the year in which the new rule is put in place. At least once a year you should confirm that your plan language and operations are up-to-date. In addition, Revenue Procedure 2002-10 required SIMPLE IRA plans to be updated for law changes after January 1, 2002, and that IRS model adopters must have had an updated plan in place by December 31, 2002.
General Information
Administrators
IRS update regarding recent electronic filing challenges in connection with Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations
IR-2022-49, March 3, 2022 — The IRS is aware of a third-party software issue affecting qualifying farmers and fishermen attempting to electronically file Forms 7203.
News
IRS releases Strategic Operating Plan update outlining future priorities; transformation momentum accelerating following long list of successes for taxpayers
IR-2024-130, May 2, 2024 — The Internal Revenue Service today released an update on the Strategic Operating Plan, a blueprint outlining future plans for the agency’s transformation work and highlighting dozens of improvements for taxpayers since passage of the Inflation Reduction Act.
News
News Media
IRS updated careers website aims to better connect with job seekers; part of larger agency recruiting efforts to serve taxpayers, the nation
IR-2024-165, June 13, 2024 — The Internal Revenue Service today announced the updated IRS Careers website is live and ready to connect job seekers with IRS opportunities.
News
News Media
Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021 IRS-FAQ
FS-2022-15, March 2022 — This Fact Sheet updates frequently asked questions (FAQs) for the Tax Credits for Paid Leave Under the American Rescue Plan Act of 2021 for Leave After March 31, 2021.
Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021 IRS-FAQ
FS-2022-16, March 2022 — This Fact Sheet updates frequently asked questions (FAQs) for the Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for Leave Prior to April 1, 2021.
Correction to 2025 Publication 509, Tax Calendars, Table 2, Semiweekly Rule, April 12–15 Payroll Date and updated due dates for the National Day of Mourning for James Earl Carter, Jr.
Corrected due date for payroll date April 12–15 in Table 2 and updated due dates for the National Day of Mourning for James Earl Carter, Jr.
Forms and Instructions
Businesses
IRS updates frequently asked questions for states and local governments on taxability and reporting of payments from Coronavirus State and Local Fiscal Recovery Funds
FS-2022-36, September 2022 — This Fact Sheet updates frequently asked questions (FAQs) related to the Coronavirus State and Local Fiscal Recovery Funds established under the American Rescue Plan Act (SLFR Funds) (FS-2021-16). These funds give eligible state and local governments a substantial infusion of resources to meet pandemic response needs.
Frequently Asked Questions
Governments, State Governments, Local Governments
IRS updates draft version of Form 1099-DA, Digital Asset Proceeds From Broker Transactions; requests comments on form planned for 2025
IR-2024-204, Aug. 9, 2024 — The Internal Revenue Service today posted an early draft of the updated Form 1099-DA, which is the form for brokers to report certain sale and exchange transactions of digital assets that take place beginning in calendar year 2025. Generally, these forms will be sent separately to taxpayers and the IRS in early 2026.
News
News Media
401(k) plan fix-it guide - You haven't updated your plan document within the past few years to reflect recent law changes
401(k) Plan Fix-It Guide - You haven't updated your plan document within the past few years to reflect recent law changes.
General Information
Administrators