IRS Grants Use of Substitute Mortality Tables for Pension Plans
The IRS has granted a request from Taxpayer to use plan-specific base substitute mortality tables for computations under section 430 of the Internal Revenue Code for Aggregated Group 2. This approval is effective for up to 5 plan years beginning January 1, 2026, and applies to male and female participants.
IRS Written Determinations Index Published
The IRS has published its weekly index of written determinations, including rulings, technical advice memoranda, and Chief Counsel advice, for the week ending March 27, 2026. This index is arranged by Code section and provides reference numbers for requesting specific documents, which cannot be used as precedent.
IRS Written Determination 202613001 - Proposed Transaction Rulings
The IRS has issued Written Determination 202613001, providing rulings on the federal income tax consequences of a proposed transaction involving a tribal entity. The transaction includes the formation of corporations under the Oklahoma Indian Welfare Act and subsequent asset transfers and liquidations.
IRS Ruling on Income Excludability and Deductible Contributions
The IRS has issued a Private Letter Ruling (PLR-111952-25) addressing the income excludability of a taxpayer under section 115(1) and the deductibility of contributions. The ruling details the taxpayer's organizational structure, governance, funding sources, and compliance with state and federal ethics and financial reporting requirements.
Tax Election Extension Request for Treaty Sourcing Rule
The IRS has issued a written determination granting an extension of time for taxpayers to make a treaty election under section 865(h)(2)(A). This allows taxpayers to treat certain capital gains from the sale of foreign stock as foreign source income, potentially reducing their U.S. tax liability.
IRS Grants Use of Substitute Mortality Tables for Pension Plan
The IRS has granted a request from Taxpayer to use plan-specific base substitute mortality tables for Plan 1, effective for up to 5 plan years beginning January 1, 2026. This approval is for male and female participants and is based on updated mortality experience data, including data from merged plans.
Employer Contributions to Section 530A Trump Accounts
The IRS has provided guidance on employer contributions to new Section 530A Trump Accounts, established by the One Big Beautiful Bill Act of 2025. Employers can contribute up to $2,500 annually per employee or dependent, which is excluded from taxable earnings. Further guidance on non-discrimination rules is anticipated.
Tax Incentives Review for Renewable Energy Sector Changes in Brazil
Mayer Brown has released an analysis of Brazil's Complementary Law No. 224/2025, which revises tax incentives for the renewable energy sector. The new law presents challenges for investors and developers, impacting project viability and financial structuring.
UK Pensions Law Digest: Pension Schemes Bill, IHT, PPF, TPR Updates
This UK pensions law digest summarizes recent developments including House of Lords amendments to the Pension Schemes Bill, updates on Inheritance Tax legislation, Pension Protection Fund levy rules for 2026/27, and new guidance from the Pensions Regulator. It also covers consultations on simplified pension advice and reporting standards.
Publication 531 Not Revised for Tax Year 2025
The IRS has announced that Publication 531 will not be revised for tax year 2025, as it is now a continuous use product. Taxpayers may be eligible for a deduction for qualified tips received in 2025, claimed on Schedule 1-A (Form 1040).
Correction to 2025 Form 8940 Instructions
The IRS issued a correction to the 2025 Instructions for Form 8940, specifically regarding Schedule Q, Line 7. Lines 7a through 7d were incorrectly added and have been removed, with the information consolidated into a single Line 7. This correction clarifies the requirements for demonstrating a subordinate organization's affiliation with a central organization.
IRS Bulletin 2026-14 Updates Arbitrage Rules for Tax-Exempt Bonds
The IRS has issued proposed regulations in Bulletin 2026-14 to update arbitrage rules for tax-exempt bonds. These updates clarify refunding bond rules, transferred proceeds, allocation limitations, and filing procedures for defeasance notices.
New Tobacco Permit for Interstate Warehousers
The Alabama Department of Revenue has announced a new 'Interstate Warehouser' tobacco permit requirement, effective October 1, 2026. This permit is for entities purchasing tobacco products directly from manufacturers for resale to permitted Alabama wholesalers, with an initial application fee of $2,000.