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The IRS has granted relief to IRA custodians/trustees that in January incorrectly sent an RMD notice to IRA owners that will attain age 72 in 2023, considering a follow-up notice is provided by April 28, 2023, stating an RMD is not required for 2023.

Because Emancipation Day in 2023 will be recognized on Monday, April 17, the 2022 tax filing deadline for most individuals is Tuesday, April 18, 2023. The deadline to contribute to an IRA, HSA, or CESA for 2022 is the same date.

What tax practioners need to know about pass through entity elections, SALT caps, and links to state references.

As firms digitize more of their work to achieve efficiency gains, onscreen review is an area many firms would do well to implement.