Internal Revenue Service (IRS)
-
Help safeguard your personal information by filing your 2021 tax return early
The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being accepted.) Even if…
Read More: Help safeguard your personal information by filing your 2021 tax return early -
IRS announces adjustments to key retirement plan limits
In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights: Elective deferrals.…
Read More: IRS announces adjustments to key retirement plan limits -
M&A transactions: Be careful when reporting to the IRS
Low interest rates and other factors have caused global merger and acquisition (M&A) activity to reach new highs in 2021, according to Refinitiv, a provider…
Read More: M&A transactions: Be careful when reporting to the IRS -
Want to find out what IRS auditors know about your business industry?
In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the taxpayer’s return. Examiners…
Read More: Want to find out what IRS auditors know about your business industry? -
IRS additional guidance addresses COBRA assistance under ARPA
In Notice 2021-46, the IRS recently issued additional guidance on the COBRA premium assistance provisions of the American Rescue Plan Act (ARPA). Under the ARPA,…
Read More: IRS additional guidance addresses COBRA assistance under ARPA -
IRS extends administrative relief for 401(k) plans
As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the pandemic remain…
Read More: IRS extends administrative relief for 401(k) plans
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.