2023 Tax Outlook Pt. 1: Lame Duck Session, Split Congress Expectations
This two-part series forecasts tax developments the remainder of this month and the new year will bring. Part 1 begins …
Must Pass Legislation May Bump Pension Bill From Lame Duck Consideration
Funding the government to avert a shutdown before the end of the calendar year is must-pass legislation for Congress as …
PBGC Releases FY 2022 Annual Report, Biden Names Advisory Committee Members
The Pension Benefit Guaranty Corporation (PBGC) on November 15 released its Fiscal Year 2022 Annual Report. (PBGC Press Release No. …
Wyden Eyes Business Tax Breaks in Exchange for Moving Child Tax Credit
The Senate’s senior democratic tax writer said tax break discussions will be part of the Congressional agenda for the upcoming …
IRS Expands Qualified Plan Determination Letter Program to 403(b)s
On November 7, 2022, the IRS announced the expansion of one of its retirement plan approval programs. The IRS will …
Senators Present Text of Bipartisan Bill to Boost Retirement Savings
The top member from each party on the Senate Finance Committee—Chair Ron Wyden, Democrat of Oregon, and ranking Republican Mike …
Senate Finance Panel Advances Retirement Bill
The Senate Finance Committee on June 22 unanimously approved by voice vote its version of the SECURE Act 2.0, with …
Retirement Bill Edging Toward Final Vote in Senate
The Senate Finance Committee intends to mark up on June 22 the Enhancing American Retirement Now (EARN) Act, a bill …
Senate Panel Advances Senate Version of SECURE Act 2.0
A Senate committee on June 14 passed its version of a retirement and security bill that mirrors legislation approved in …
IRS Again Extends Relief From Physical Presence Requirement for Participant Elections
The IRS has provided participants, beneficiaries, and administrators of qualified retirement plans and other tax-favored retirement arrangements with another six …