Found 1048 Matching Items; Displaying 81 - 90.
FY 2024 Effect of sequestration on Small Business Health Care Tax Credit
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 credit elect and refund offset transactions for certain small tax-exempt employers claiming the refundable portion of the Small Business Health Care Tax Credit under Internal Revenue Code Section 45R, are subject to sequestration.
General Information
Small Businesses
Taxpayer First Act, Section 2004 (TFA 2004)
Following Public Law 116-25, Taxpayer First Act, IRC Section 6103 was amended to incorporate contractors' compliance with confidentiality safeguards. Per Section 2004 of the Taxpayer First Act (TFA 2004), an agency shall not disclose federal tax information (FTI) to any contractor unless the agency makes sure proper safeguards are in place to protect the confidentiality of FTI.
About IRS
FY 2023 Effect of Sequestration on Small Business Health Care Tax Credit
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 credit elect and refund offset transactions for certain small tax-exempt employers claiming the refundable portion of the Small Business Health Care Tax Credit under Internal Revenue Code Section 45R, are subject to sequestration.
General Information
Businesses, Small Businesses, Charities and Nonprofits
FY 2022 Effect of Sequestration on Small Business Health Care Tax Credit
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 credit elect and refund offset transactions for certain small tax-exempt employers claiming the refundable portion of the Small Business Health Care Tax Credit under Internal Revenue Code Section 45R, are subject to sequestration.
General Information
Frequently asked questions about carrybacks of NOLs for taxpayers who have had Section 965 inclusions
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) amended section 172(b)(1) to provide for a carryback of any net operating loss (NOL) arising in a taxable year beginning after December 31, 2017, and before January 1, 2021, to each of the five taxable years preceding the taxable year in which the loss arises (carryback period).
General Information
Cumulative list of changes in retirement plan qualification requirements
The annual cumulative list of changes in retirement plan qualification requirements (cumulative list) intends to identify, on a remedial amendment cycle basis, all changes in the qualification requirements resulting from changes in statutes, or from regulations or other guidance published in the Internal Revenue Bulletin, that are required to be taken into account in a written retirement plan document that is submitted for a determination letter or an opinion or advisory letter.
General Information
Administrators
Publication 5322, Fact Sheet Assisting Veterans with Lump-Sum Disability Severance Pay Refunds
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.
Forms and Instructions
U S Norway Eligibility of Fiscally Transparent Entities for Treaty Benefits - January 2013
The competent authorities of the United States and Norway have signed an agreement under the 1970 United States - Norway income tax treaty, as amended by a 1980 protocol, clarifying the application and administration of the Treaty with respect to amounts paid to fiscally transparent entities.
Legal Guidance (Authoritative)
Frequently asked questions about the prevailing wage and apprenticeship under the Inflation Reduction Act
The Inflation Reduction Act of 2022 (IRA) amended and enacted various clean energy tax incentives that provide increased credit or deduction amounts if certain prevailing wage and registered apprenticeship requirements are met. Treasury and the IRS published final regulations on June 25, 2024, providing rules and definitions for taxpayers seeking to satisfy the prevailing wage and apprenticeship requirements. These frequently asked questions and answers are based on the final regulations.
General Information
Individuals, Businesses, Tax Professionals
Historical Funding Segment Rate Tables
Generally (except for certain plans under Sections 104, 105, and 402 of the Pension Protection Act of 2006 and CSEC plans under Section 414(y)), for funding purposes, single-employer plans are required to use the 24-month average segment rates determined under Section 430(h)(2) of the Code, as amended by the Moving Ahead for Progress in the 21st Century Act (MAP-21), the Highway and Transportation Funding Act of 2014 (HATFA), and the Bipartisan Budget Act of 2015 (BBA). However, a plan sponsor is permitted to elect to use the monthly yield curve under Section 430(h)(2)(D)(ii) in place of the segment rates.
General Information
Administrators