Central Intelligence, July 2023

Stay informed on important court rulings and legislative updates that can impact our industry. Each month, this publication provides summaries on topics that can directly impact your business. Our July 2023 issue includes:

• The IRS allows a surviving spouse to roll over IRA despite the lack of any beneficiary designation
• Tax Court allows a Taxpayer to exclude discharge of indebtedness from gross income due to insolvency
• Wellness indemnity payments under employer-provided cafeteria plan are includible in employees’ gross income and subject to taxes