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One of the steps to take before terminating your retirement plan is to make sure your plan document includes all law changes your plan was required to follow as of the plan¡¯s termination date. These

Under section 4975(e)(7) of the Internal Revenue Code, an employee stock ownership plan (¡°ESOP¡±) is a defined contribution plan which is a stock bonus plan which is qualified under section 401(a), or a stock bonus and a money purchase plan both of which are qualified under section 401(a).

Retirement plan news for plan sponsors, participants and tax practitioners. View our current edition, browse the newsletter archive, or subscribe to future editions.

Some of the more common questions and answers about Estate Tax issues for decedents who were nonresidents not citizens of the United States at death.

Information about Form 706-NA, United States Estate (and Generation-Skipping Transfer) Tax Return, including recent updates, related forms and instructions on how to file. Use this form to compute estate and generation-skipping transfer (GST) tax liability for nonresident alien decedents.

This issue snapshot addresses certain requirements for qualified residential rental projects financed by exempt facility bonds issued under IRC Section 142.

Tax Tip 2023-99, Aug. 8, 2023 ¡ª Crooks are always looking for new ways to scam unsuspecting taxpayers. Scammers impersonate the IRS by phone or email, in person, or by mail or delivery service ¨C and cost people their time and money. By staying vigilant against schemes and scams, taxpayers can protect themselves.

You may owe a penalty if you fail to report financial activity from foreign sources through an accurate, timely information return. Find details on how to pay and dispute the penalty.

Frequently asked questions about the 2021 Child Tax Credit and Advance Child Tax Credit Payments: Reconciling Your Advance Child Tax Credit Payments on Your 2021 Tax Return

You may qualify for penalty relief through a statutory exception for certain situations.