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Last week lawmakers worked diligently to file all their legislation with the Senate Clerk’s office ahead of the Feb. 1 deadline. When legislation is formally filed, it receives a bill
The SECURE Act of 2019 ("SECURE") and the SECURE 2.0 Act of 2022 ("SECURE 2.0") made significant changes in the rules governing tax-qualified and tax-favored retirement plans.
Hit with a catastrophic event and have sustained a “casualty loss”? If it’s a federally declared disaster, then you can get tax deductions.
SHARE ON A proposed rule would make things a little easier for finance teams whose duties get impacted by federally declared disasters. The new IRS rule, The who The regs would create a mandatory 60-day postponement of certain tax deadlines for specific people and organizations, including businesses that have a principal place of employment in a disaster area people who reside in a disaster area relief workers who provide assistance in a disaster area, and taxpayers whose tax records necessary to meet a certain tax deadline are located in a disaster area. The why This rule also aims to clari...