Technical Guidance

Notice 2021-64 contains the 2021 Required Amendments List, which establishes the end of the remedial amendment period and the plan amendment deadline for changes in qualification requirements and section 403(b) requirements set forth on the list for qualified individually designed plans and section 403(b) individually designed plans, respectively.

Revenue Procedure 21-43 provides safe harbors for when an obligation described in section 42(h)(4)(A) of the Internal Revenue Code or an allocation of a low-income housing credit dollar amount is more than de minimis for purposes of the associated revenue ruling providing guidance on whether the 4 percent applicable percentage under section 42(b)(3) applies to certain low-income buildings.

Revenue Procedure 2021-53 provides temporary guidance regarding the treatment of certain stock distributions by publicly offered Real Estate Investment Trusts (REITs) and Regulated Investment Companies (RICs).

Revenue Ruling 2021-20 provides guidance regarding whether the 4 percent applicable percentage (4 percent floor) under section 42(b)(3) of the Internal Revenue Code applies to the low-income buildings described in the revenue ruling.

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