IRS

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 23, 2023, for Alaska flooding, for the incident period of May 12, 2023 – June 3, 2023.

The IRS has announced the postponement of certain tax-related deadlines for victims of wildfires in Hawaii.

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and tornadoes in parts of Mississippi.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 15, 2023, for Illinois severe storms and flooding, for the incident period of June 29, 2023 – July 2, 2023.

The IRS has announced the postponement of certain tax-related deadlines for victims of Illinois severe storms and flooding.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 11, 2023, for New Jersey severe storm and flooding, for the incident period of July 14, 2023 – July 15, 2023.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 12, 2023, for Montana flooding, for the incident period of April 10, 2023 – April 26, 2023.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 12, 2023, for Mississippi severe storms, straight-line winds, and tornadoes, for the incident period of June 14, 2023 – June 19, 2023.

The IRS has issued Notice 2023-61, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

The IRS indicates in a news release its intent to focus on a range of compliance issues that can be associated with Employee Stock Ownership Plans (ESOPs).