B is eligible to submit Plan X for a determination letter on Form 5300. Because 403(b) plans have not been eligible to seek an IRS determination letter prior to Revenue Procedure 2022-40, almost ...

Current sponsors of individually designed 403(b) plans may submit determination letter applications on IRS Form 5300, Application for Determination for Employee Benefit Plan, for an initial ...

Taxpayers have 30 days from the date of the LT11/Letter 1058 to protect themselves from levies against their property, income, bank accounts, etc. Taxpayers who receive a levy notice should ...

The IRS says a letter from the White House about their stimulus payments is not a scam. ... "Notice 1444-B, Your Second Economic Impact Payment.

The Internal Revenue Service (IRS) has opened a new determination letter approval program for 403(b) retirement plans. The program allows sponsors of certain individually designed 403(b) plans to ...

The IRS has to explain these errors and can start collecting the additional assessment only when the taxpayer agrees with the notice or after 60 days (Sec. 6213(b)(2)(B)). If a taxpayer disagrees with ...

The IRS recently dropped The Big One on the small captive insurance company sector, being captives that have made the election under section 831(b), by way of Notice 2016-66 (you'll note that last ...

Particularly, the IRS addresses termination of 403(b) plans consisting of employee deferrals and employer contributions whose assets are invested in individual annuity contracts, custodial ...

We suspect that the initial letter will be a semi-formal precursor to Notice CP220J, which tells an employer that the IRS has “charged you an employer responsibility payment (ESRP).” ...