IRB 2020-1: 2020 IRS Annual Revenue Procedures

The IRS provided six of its annual revenue procedures in IRB 2020-1 (Jan. 2, 2020). They are the following:

• Rev. Proc. 2020-1 – Letter rulings, information letters, and determination letters
• Rev. Proc. 2020-2 – Technical advice
• Rev. Proc. 2020-3 – Areas in which rulings will not be issued (domestic area)
• Rev. Proc. 2020-4 – Determination letters and letter rulings (tax-exempt and government entities, employee plans)
• Rev. Proc. 2020-5 – Determination letters (exempt organizations)
• Rev. Proc. 2020-7 – Areas in which rulings will not be issued (international area) 

To see IRB 2020-1, click IRB 2020-1: 2020 IRS Annual Revenue Procedures.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal..