IRS Announces Qualified Disaster Treatment of Payments and other Relief for Victims of Hurricane Sandy; Plan Sponsors can Provide Relief for Employees Affected by Hurricane SandyS. Michael ChittendenMarianna G. DysonC. Frederick Oliphant III
There were many extensions in previous years due to disasters, storms, and other situations. We at eFile keep this page updated based on the most recentIRS disaster relief announcementson the IRS website. TurboTax®is a registered trademark of Intuit, Inc. ...
The U.S. Internal Revenue Service (IRS) recently issuedNotice 2022-45(the Notice), extending deadlines for amending an eligible retirement plan to reflect certain provisions of the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) and the Taxpayer Certainty ...
Due to Hurricane Ian, the IRS has issued extensions of the 45-day and 180-day deadlines for the entire states of Florida, South Carolina, and North Carolina. The Disaster Date is September 23, 2022. The General postponement date is February 15, 2023. Affected(“Exchangor" or "Exchanger")...
Taxable qualified retirement plan distributions Examples of situations not included in a simple Form 1040 return: Itemized deductions claimed on Schedule A, like charitable contributions, medical expenses, mortgage interest and state and local tax deductions Unemployment income reported on a 1099-G Busines...
For example, Publication 17, "Your Federal Income Tax," is more than 200 pages long and addresses nearly all of the common questions and situations that individual taxpayers face, while Publication 1600, "Disaster Losses," is just a two-page sheet describing IRS assistance available to victims ...
Heads up, business owners: The IRS has been monitoring a wave of tactics used by scammers to promote and misrepresent the employee retention credit (ERC), a pandemic-era tax break for qualified businesses. Fraudsters have been encouraging businesses that do not qualify to apply for the tax cr...
The IRS released a draft of the2018 1040 tax formbased on the Tax Cuts and Jobs Act. The shorter form is half the size of the current 1040 form and combines all three current 1040 forms (1040, 1040-A, and 1040-EZ) into one 1040 form. This new 1040 Form uses a “building block”...
Disaster victims: 866-562-5227 Learn more about getting financial help after a disaster. Estate and gift tax questions: 866-699-4083 Learn more about inheritance tax and estate tax. Excise tax questions: 866-699-4096 Learn more about excise taxes. Help getting an employer identification number:...
Other life events that may qualify for a distribution include childbirth / adoption, domestic abuse, and emergency and disaster recovery.1 Can you take a loan from a tax-sheltered annuity? Some plans offer the option to take out a loan, but not all.3Make sure to read the fine print care...