IRS

The IRS has announced that plan sponsors who timely filed complete Forms 8955-SSA do not need to respond to CP 283-C penalty notices dated prior to September 1, 2023. In an Employee Plans News bulletin, the IRS indicates the CP 283-C was sent to plan sponsors who timely filed their 2022 Forms 8955-SSA due to an IRS system programming issue. 

The IRS has announced the postponement of certain tax-related deadlines for victims of Idalia. The tax relief postpones various tax filing deadlines that began on August 27, 2023. Affected individuals and households who reside or have a business in Alachua, Baker, Bay, Bradford, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Franklin, Gadsden, Gilchrist, Gulf, Hamilton, Hardee, Hernando, Hillsborough, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Nassau, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, Sumter, Suwannee, Taylor, Union, Volusia and Wakulla counties, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief. 

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 28, 2023, for Oregon severe storms, flooding, landslides, and mudslides, for the incident period of June 11, 2023 – June 12, 2023.

The IRS has announced the postponement of certain tax-related deadlines for victims of flooding in Alaska. The tax relief postpones various tax filing deadlines that began on May 12, 2023. Affected individuals and households who reside or have a business in the regional educational attendance areas of Bering Strait, Copper River, Kuspuk, Lower Kuskokwim, Lower Yukon, and Yukon Flats, in Alaska, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief.

The IRS has issued Notice 2023-62 to address stakeholder concerns regarding implementation of Section 603 of the SECURE 2.0 Act.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 25, 2023, for Colorado severe storms, flooding, and tornadoes, for the incident period of June 8, 2023 – June 23, 2023.

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on August 25, 2023, for Iowa flooding, for the incident period of April 24, 2023 – May 13, 2023.

The Department of Labor’s (DOL) Employee Benefits Security Administration has announced that it will extend the grace period to obtain new Login.gov credentials for the EFAST2 filing system until December 31, 2023.

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.