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27 Jul 2021, 10:00 pm
On July 16, 2021, the Internal Revenue Service (IRS) released Revenue Procedure 2021-30, which made several important changes to the Employee Plans Compliance Resolution System (EPCRS) and expanded the ability of plan sponsors to correct certain compliance failures under their retirement plans. [read post]
16 Mar 2015, 11:55 am by Nonprofit Blogger
The IRS has issued both final regulations and Revenue Procedure 2015-17 providing the final procedures for issuing determination letters and rulings relating to exemption under Internal Revenue Code section 501(c)(29). [read post]
27 Jul 2021, 10:00 pm
On July 16, 2021, the Internal Revenue Service (IRS) released Revenue Procedure 2021-30, which made several important changes to the Employee Plans Compliance Resolution System (EPCRS) and expanded the ability of plan sponsors to correct certain compliance failures under their retirement plans. [read post]
25 Nov 2022, 4:00 am by Tracy Coenen
Internal fraud prevention could be the key to saving money in precisely this way. [read post]
16 Mar 2015, 12:08 pm by Nonprofit Blogger
Last week the IRS issued Revenue Procedure 2015-21, which provides "guidance regarding correction and disclosure procedures for hospital organizations to follow so that certain failures to meet the requirements of § 501(r) of the Internal Revenue Code will be excused... [read post]
2 May 2019, 9:00 pm
In Revenue Procedure 2019-20, the Internal Revenue Service (IRS) provides for a limited expansion of the determination letter program for certain limited categories of individually designed retirement plans – certain “statutory hybrid plans” and “merged plans” as described in more detail below. [read post]
30 Jul 2009, 4:00 am
On July 17, 2009, Tax Analysts reported that the IRS plans to remove from the Internal Revenue Manual "controversial language that told revenue agents how to handle examinations of tax-exempt organizations suspected of being 'subversive.'" The IRM provision apparently stems... [read post]
4 Dec 2009, 10:02 am by Nonprofit Blogger
The Treasury Department and the Internal Revenue Service have issued their joint priority guidance plan for the 2009-2010 year, and the IRS Exempt Organizations Division has identified the following items as being of particular interest to tax-exempt organizations: Revenue procedure... [read post]
5 Jul 2012, 6:57 am
In Revenue Ruling 2012-19, the Internal Revenue Service (the "IRS") examined the question of whether dividends and dividend equivalents relating to restricted stock and restricted stock units ("RSUs"), which are qualified performance-based compensation under [read post]
27 Jul 2021, 10:00 pm
On July 16, 2021, the Internal Revenue Service (IRS) released Revenue Procedure 2021-30, which made several important changes to the Employee Plans Compliance Resolution System (EPCRS) and expanded the ability of plan sponsors to correct certain compliance failures under their retirement plans. [read post]
20 Jan 2011, 12:31 am by Paul Caron
Here is the Introduction: The Internal Revenue Code imposes numerous excise taxes on goods and services. [read post]
28 Jan 2014, 12:45 am by Paul Caron
Proc. 2014-18: This revenue procedure provides a simplified method for certain taxpayers to obtain an extension of time under § 301.9100-3 of the Procedure and Administration Regulations to make a “portability” election under § 2010(c)(5)(A) of the Internal Revenue Code (Code), by which a decedent’s... [read post]
20 Oct 2007, 5:02 am
The Internal Revenue Service has recently issued two Notices and a Revenue Ruling, urging taxpayers to exercise caution with regard to certain trust arrangements sold to small businesses as welfare benefits. [read post]
8 May 2013, 5:01 am by James Edward Maule
In other words, the CCH version of the Internal Revenue Code is much more than the Internal Revenue Code. [read post]
23 Apr 2011, 9:11 am
Payment of unreimbursed medical expenses permitted by the Internal Revenue Code via a “Health Reimbursement Arrangement Plan” held not the same as health insurance premiumsKathleen Rockwell et al v Broadalbin-Perth Central School District, Supreme Court, Fulton County, Judge Joseph M. [read post]
2 Feb 2015, 3:10 pm by Daniel Shaviro
 Thus, while Congressman Camp also had a transition tax (at a lower rate) in his international tax reform proposal, the political prospects for enactment would seem to depend on Congress's being sufficiently desperate for the money, such as to offset other revenue losses in a corporate or international tax reform plan that lowered corporate rates in addition to eliminating the repatriation tax.The Administration wants to use the transition tax revenues… [read post]
On March 31, 2015, the Internal Revenue Service published final regulations under Section 162(m) of the Internal Revenue Code. [read post]
16 Jan 2008, 11:40 pm
Section 501(c)(3) of the Internal Revenue Code bans non-profit organizations, including churches, from intervening in political campaigns. [read post]
18 Oct 2023, 7:55 pm by Kevin Kaufman
A well-structured tax code is easy for taxpayers to comply with and can promote economic development while raising sufficient revenue for a government’s priorities. [read post]