IRS Isues Proposed REGs to Determine Present Value in Defined-Benefit Plans
The IRS has issued proposed regulations containing mortality tables for determining present values under defined benefit pension plans. Background. Code …
Institutional Investor Group: Public Pensions Not Making New Russia Investments
The Council of Institutional Investors (CII) said it is not aware of any new direct or indirect investments in Russia …
House Passes ARPA COVID-19 Relief Bill
The House on Wednesday passed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA, HR 1319). The Senate passed …
Final REGs on Income Tax Withholding on Certain Periodic Retirement and Annuity Payments
The IRS has issued final regs updating the federal income tax withholding rules for certain periodic retirement and annuity payments …
IRS extends closed defined benefit plan nondiscrimination relief to pre-2021 plan years
Notice 2019-49, 2019-37 IRB In a Notice, IRS has extended for one more year, i.e., for plan years beginning before …
Temporary Penalty Relief for Form 5500 Reporting by Multiple Employer Plans
The Employee Benefits Security Administration (EBSA) of the Department of Labor (DOL) has announced that it is giving transition relief …
Deadline extended for submitting on-cycle applications for opinion letters for pre-approved DC plans
Rev Proc 2018-42, 2018-36 IRB In a Revenue Procedure, IRS has extended the deadline, for submitting on-cycle applications for opinion …
Checkpoint Special Study on Pension and Benefit Changes in the “Tax Cuts and Jobs Act”
On December 22, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform …
Hurricane Irma relief: retirement plans can make loans, hardship distributions to storm victims
In an Announcement and accompanying News Release, IRS has announced that employer-sponsored retirement plans can make loans and hardship distributions …
How to convert to a Roth IRA in 2017 and defer tax on it till 2018 if tax reform passes
Taxpayers who have decided to convert a traditional IRA into a Roth IRA may be wondering if they should take …