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IRS Announces 2014 Pension Plan Limitations

The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014. Some pension limitations such as those governing 401(k) plans and IRAs will remain unchanged because the…

IRS Amends Guidance For Innocent Spouse Relief

The Internal Revenue Service has issued new guidance and streamlined procedures for spouses who are seeking equitable relief from joint income tax liability. Revenue Procedure 2013-34 provides the threshold requirements for any request for equitable relief and sets forth conditions under which…

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