IRS PLR: Gender-Specific Substitute Mortality Tables for Post-Merger Plan Approved (IRC §430)
The IRS has published a private letter ruling on Section 430 granting the taxpayer permission to continue using the existing Plan gender-specific substitute mortality tables for the post-merger Plan ...
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The IRS just made a ruling on 401(k) company matches that will change the way Americans apply contributions. But is it a good idea to pay off debt — or just an easy way to ...
In August, the IRS provided the so-called private letter ruling to the unnamed company, stating that they could offer workers more flexibility with their 401(k) accounts. At the beginning of each ...
IRS: Some employees can’t take buyout until after filing deadline
A letter sent to Internal Revenue Service (IRS) employees said those involved in the 2025 tax season won’t be able to accept ...
IRS PLR: S Corporation Election Not Terminated by Momentary Ineligible Shareholders (IRC §1362)
The IRS has published a private letter ruling on Sections 1361 and 1362 and Treasury Regulation Sections 1.82 and 1.1032 determined that certain transfers of interests to employees and service ...
IRS PLR: Disregarded Entity Election Filing Extension Granted (IRC §7701)
The IRS has published a private letter ruling on Treasury Regulations Sections 301.7701 and 301.9100 granting the taxpayer an extension of time to file Form 8832 to elect to be ...
IRS PLR: Payments Made to REIT Will Not Be Treated as Income (IRC §856)
The IRS has published a private letter ruling on Section 856 stating that: 1) the portion of payments from Investment Partnership paid to the taxpayer attributable to the taxpayer’s capital ...
IRS PLR: QTIP Election Extension Granted (IRC §2056)
The IRS has published a private letter ruling on Section 2056 and Treasury Regulation Section 301.9100 granting the taxpayer an extension of time to make a qualified terminable interest property ...
IRS PLR: Optional Adjustment to Basis of Partnership Property Election Extension Granted
The IRS has published a private letter ruling on Section 754 and Treasury Regulation Section 301.9100 granting the taxpayer an extension of time to elect to adjust the basis of ...
IRS Nixes Request for Tax Break on Surrogacy-Related Expenses
The IRS in a private letter ruling rejected much of a married couple’s request to deduct costs and fees related to a surrogate pregnancy as medical expenses on their tax return.
IRS PLR: Self-Certification as Qualified Opportunity Fund Extension Granted (IRC §1400Z)
The IRS has published a private letter ruling on Section 1400Z-2 granting taxpayer a 60-day extension to self-certify as a Qualified Opportunity Fund (QOF). [PLR 202505016] ...
IRS PLR: Hovering Deficit Not Taken Into Account in Computing Undistributed Foreign Earnings (IRC §245A)
The IRS has published a private letter ruling on Section 245A concerning a proposed transaction, which is part of a single integrated plan, in which for a certain tax year: ...