November 2006 Interest Rates

By Ascensus October 19, 2006

October 19, 2006 – The IRS has released the applicable federal interest rates for November 2006 as posted in Revenue Ruling 2006-55. These rates are…

IRS Issues 2007 Cost-of-Living Adjustments

By Ascensus October 18, 2006

October 18, 2006 – The IRS has issued news release IR-2006-162 announcing the 2007 cost-of-living adjustments (COLAs) applicable to dollar limitations for retirement plans. IRA…

IRS Updates Taxpayer Form 4972

By Ascensus October 18, 2006

October 17, 2006 – The IRS has issued 2006 tax year Form 4972, Tax on Lump-Sum Distributions. This form is used by certain taxpayers born…

2006 Form 945 and Instructions Issued

By Ascensus October 5, 2006

October 5, 2006 – The IRS has posted the 2006 Form 945, Annual Return of Withheld Federal Income Tax, and the associated 2006 instructions. Form…

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