BRIAN ROCHE HAS BEEN PRESSING THE IRS FOR ANSWERS. THE EIGHT ON YOUR SIDE TEAM FIRST STARTED HEARING ABOUT THIS ISSUE FROM VIEWERS LATE LAST WEEK, AND THEN WE HEARD FROM CPAS AND SOME ACCOUNTANTS.

The IRS submission must be completed on Form 5300 (Application for Determination for Employee Benefit Plan). A plan sponsor must provide advance notice of the IRS application to all interested parties ...

While it applies only to the immediate case, the IRS’ approval of a transfer of excess assets from a terminating pension plan to three ongoing defined contribution plans is instructive for other ...

Audits are nothing new. Taxpayers may find themselves in the unfortunate situation of opening their mailboxes to an IRS examination letter. The IRS Letter 6316 (“Letter 6316”) is one such letter. The ...

Taxpayers across the country are starting to receive letters from the IRS. The IRS said the reminder notices will go to individuals who owe back taxes before tax year 2022. Businesses, tax-exempt ...

Seyfarth Synopsis: In November 2022, the Internal Revenue Service (IRS) announced in Revenue Procedure 2022-40 an expansion to its Determination Letter Program which for the first time will permit ...

Danni Santana spent nine years as an editor and business journalist covering industries including sports, retail, restaurants, and personal finance. He is a graduate of the Craig Newmark Graduate ...

IRS LT11 Notices (“LT11”) and Letters 1058 are no laughing matter. The IRS issues these particular “final” notices to taxpayers before it takes certain levy actions. Taxpayers must pay attention to ...

Many taxpayers experience anxiety when they receive a notice or letter from the Internal Revenue Service (IRS). However, in most cases, these communications are not a cause for panic. The IRS sends ...

Beginning this week, more than 9 million letters will be sent to people who have yet to benefit from COVID-related stimulus benefits. We're talking about thousands of dollars for many families who ...

Forbes contributors publish independent expert analyses and insights. I am a tax controversy lawyer with prior IRS leadership experience. The holidays – and the Internal Revenue Service — brought ...