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MT-2022-01, July 5, 2022

New Program Allows Providers of Pre-Approved Plan to Correct Missed Deadlines

Information for IRS continuing education providers.

Tax Tip 2022-171, November 8, 2022 ¡ª In most cases, distributions from a traditional Individual Retirement Account are taxable in the year the account owner receives them but there are some exceptions. A qualified charitable distribution is one of the few exceptions.

As an employer sponsoring a retirement plan, you are required by law to keep your books and records available for review by the IRS. Having these records will also facilitate answering questions when determining participants¡¯ benefits. Employee plans covers the qualification of pension, annuity, profit sharing and stock bonus plans, IRAs, SEPs, SIMPLEs, tax sheltered annuities, and 457 plans.

Plan administrators must give employees certain written information about their retirement plan. Some of this information must be provided regularly and automatically. Other kinds of disclosures are available upon written request, free of charge or for copying fees. Plan administrators can give notices to participants electronically (online) if it meets certain conditions.

Tax Tip 2024-74, Sept. 4, 2024 ¡ª The IRS and the Security Summit partners continue to see identity thieves targeting tax professionals in hopes of gaining valuable client tax information

SEP Plan Fix-It Guide - SEP Plan Overview

CO-2022-01, January 3, 2022 ¡ª Victims of wildfires and straight-line winds beginning December 30, 2021 now have until May 16, 2022, to file various individual and business tax returns and make tax payments, the IRS announced today.

IL-2021-07, December 22, 2021 ¡ª Victims of severe storms, straight-line winds and tornadoes beginning December 10, 2021 now have until May 16, 2022, to file various individual and business tax returns and make tax payments, the Internal Revenue Service announced today.