Search Results

You can revoke your choice for any tax year.You do this by attaching a statement that you are revoking one or more previously made choices to the return or amended return for the first year that you do not wish to claim the exclusion(s).

Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, refund, credit elections, and refund offset transactions for certain refundable portions of the IRA EPE under Internal Revenue Code section 6417 are subject to sequestration.

The IRS is extending the last day of the initial remedial amendment period for Section 403(b) plans from March 31, 2020, to June 30, 2020. Plan sponsors now have until June 30, 2020, to update their pre-approved and individually designed 403(b) plan documents.

Information about Form 8905, Certification of Intent to Adopt a Pre-Approved Plan, including recent updates, related forms and instructions on how to file. Use Form 8905 to treat an employer as eligible for the 6-year remedial amendment cycle under Part IV of Rev. Proc. 2007-44, 2007-28 I.R.B. 54.

Use Form 8905, Certification of Intent to Adopt a Pre-Approved Plan, to treat an employer as eligible for the 6-year remedial amendment cycle under Part IV of Rev. Proc. 2007-44, 2007-28 I.R.B. 54.

Information about Form 4461, Application for Approval of Standardized or Nonstandardized Pre-Approved Defined Contribution Plans, including recent updates, related forms, and instructions on how to file. Form 4461 is used by master or prototype plans, sponsors, and mass submitters to apply for initial approval or for approval of an amendment to master or prototype defined contribution plans.

September 28, 2022 — Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, refund payments issued to and refund offset transactions for certain state and local government filers claiming refundable credits under section 6431 of the Internal Revenue Code applicable to certain qualified bonds are subject to sequestration.

September 27, 2021 — Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, refund payments issued to and refund offset transactions for certain state and local government filers claiming refundable credits under section 6431 of the Internal Revenue Code applicable to certain qualified bonds are subject to sequestration.

Sept. 25, 2023 — Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, refund payments issued to, and refund offset transactions for certain state and local government filers claiming refundable credits under section 6431 of the Internal Revenue Code (IRC) applicable to certain qualified bonds are subject to sequestration.

Publication 5322, Fact Sheet Assisting Veterans with Lump-Sum Disability Severance Pay Refunds, provides guidance for assisting with preparing 1040-X amended tax returns as a result of the Combat-Injured Veterans Tax Fairness Act passed in 2016.