irs

Deadline Relief for Severe Storms in Connecticut

The IRS has announced the postponement of certain tax-related deadlines for victims in parts of Connecticut affected by severe storms, flooding, and a potential dam breach.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

HSA

Agencies Release Reporting and Disclosure RFI Under SECURE 2.0

The Department of Treasury, the Department of Labor, and the Pension Benefit Guaranty Corporation have released a Request for Information pursuant to Section 319 of SECURE 2.0.

FuturePlan ERISA Team

SECURE 2.0

Legislative updates

IRS

IRS Guidance

DOL

Defined Benefit Plan

Defined Contribution Plan

IRS Finalizes Rule to Update Minimum Present Value Requirements for DB Plan Distributions

The IRS has issued a final rule to update minimum present value requirements for defined benefit plan distributions.

FuturePlan ERISA Team

Defined Benefit Plan

IRS

Legislative updates

Retirement Plan Disaster Assistance May Be Available for Rhode Island Severe Storms

The Federal Emergency Management Agency issued a disaster declaration on January 7, 2024 for Rhode Island severe storms, flooding, and tornadoes.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse: IRS Releases Guidance on SECURE 2.0 Provisions

The Internal Revenue Service has released Notice 2024-02, which provides guidance in a question and answer format regarding several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0).

FuturePlan ERISA Team

SECURE 2.0

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

IRS Announces Applicable Federal Rates for February

The IRS has issued Revenue Ruling 2024-03, which contains the applicable federal rates (AFR) for February 2024.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

Updated Yield Curves and Segment Rates for DB Plans

The Internal Revenue Service has issued Notice 2024-21, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

IRS Issues Limited Guidance for PLESAs Under SECURE 2.0

The IRS has released Notice 2024-22, providing guidance on anti-abuse rules under Section 127 of the SECURE 2.0 Act with respect to Pension-Linked Emergency Savings Accounts.

FuturePlan ERISA Team

IRS

Legislative updates

SECURE 2.0

Defined Contribution Plan

IRS Finalizes Rules for Determining Corporate Bond Yield Curve

The IRS has issued its final rule specifying the methodology used to develop the corporate bond yield curve.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Utah Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on December 23, 2023, for Utah flooding. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Defined Benefit Plan

No Results