Prop. regs. issued for spinoff transactions and their reporting
Category:Tax NewsThe IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements.
The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements.
The final regulations, posted by the IRS on Tuesday in the Federal Register, identify certain microcaptive transactions as reportable listed transactions or transactions of interest.
The proposed regulations provide guidance to plan administrators on implementing the automatic enrollment requirement established by the Secure 2.0 Act.