Resources - PP&Co

Transitional Relief for RMDs & Inherited IRAs

August 31, 2023

The Internal Revenue Service (IRS) has released new guidance which provides relief to taxpayers with respect to Required Minimum Distributions and inherited IRAs. [...]

Financial Reporting Changes for Some Small 401(k) Plans

May 12, 2023

One of the most significant changes involves the participant-counting methodology for determining eligibility for simplified reporting requirements available to individual small plans.[...]

Analyzing the IRS 2023 “Dirty Half-Dozen”

April 12, 2023

The IRS collects information annually about active and updated risks and posts to their "Dirty-Dozen" page. It's a “one stop shop” for current and past information on scams affecting taxpayers.[...]

Supreme Court Ruling on Critical FBAR Issue

March 10, 2023

The recent 5-4 ruling in Bittner v. U.S. is welcome news for U.S. residents who “non-willfully” violate the law’s requirements for reporting certain foreign bank and financial accounts on the FBAR.[...]

UPDATE: Tax Relief for California Storm Victims

March 3, 2023

The IRS and FTB recently announced that those who live or have business(es) in counties affected by the California storms will now have until October 16, 2023 to file various individual and business tax returns and to make tax payments.[...]

Secure 2.0 Act of 2022

January 30, 2023

The Secure 2.0 Act’s provisions mostly focus on expanding coverage, increasing retirement savings, and simplifying and clarifying retirement plan rules, but there are others as well..[...]

Tax Planning Guide for 2022/23

November 9, 2022

As the year winds down, we see inflation and interest rates spiking, the stock market oscillating wildly, and regional real estate values rapidly warming then quickly cooling.[...]