Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2023-53, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Retirement Plan Disaster Assistance May Be Available for New York Severe Storms and Flooding
The Federal Emergency Management Agency issued a disaster declaration on July 22, 2023, for severe storms and flooding in New York.
Retirement Plan Disaster Assistance May Be Available for Minnesota Severe Storms
The Federal Emergency Management Agency issued a disaster declaration on July 19, 2023, for severe storms and flooding in Minnesota.
Retirement Plan Disaster Assistance May Be Available for Oklahoma Severe Storms
The Federal Emergency Management Agency issued a disaster declaration on July 19, 2023, for severe storms, straight-line winds, and tornadoes in Oklahoma.
IRS Issues Interim Guidance on Plan Corrections under SECURE 2.0 Act
The SECURE 2.0 Act of 2022, provisions affecting the Employee Plans Compliance Resolution System support the IRS trend toward shifting certain types of retirement account corrections to the Self Correction Program.
IRS Announces Deadline Relief for Vermont Flooding
The IRS has announced the postponement of certain tax-related deadlines for victims of flooding in Vermont.
IRS Provides Additional RMD Transition Relief Under SECURE, SECURE 2.0
The IRS has issued Notice 2023-54 to provide transition relief for required minimum distributions in connection with the change in required beginning date to age 73 under SECURE 2.0, and guidance for certain specified RMDs for 2023.
Disaster Assistance May Be Available for Maine Severe Storm and Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 6, 2023, for Maine severe storm and flooding.
Disaster Assistance May Be Available for South Dakota Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 6, 2023, for South Dakota flooding.
Disaster Assistance May Be Available for North Dakota Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on July 5, 2023, for North Dakota flooding.
No Results
