Government Funding Bill, Containing SECURE 2.0, Released
Senate Appropriations Committee Chairman Patrick Leahy (D-VT) has released HR 2617, the Consolidated Appropriations Act of 2023.
Deadline Relief for Florida Hurricane Nicole Victims
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Nicole in Florida.
Hardship Distributions May Be Permitted for Florida Hurricane Nicole
The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for Hurricane Nicole in Florida, for the period of November 7, 2022 – November 30, 2022.
SEC “Hard Close” Proposal Published in Federal Register
The SEC proposed rule titled, Open-End Fund Liquidity Risk Management Programs and Swing Pricing; Form N-PORT Reporting, has been published in the federal register.
IRS Announces Applicable Federal Rates for January 2023
The IRS has issued Revenue Ruling 2023-1, which contains the applicable federal rates (AFR) for January 2023.
How IRS Notice 2022-53 Affects Beneficiaries
IRS will not enforce 50% excess accumulation penalty tax for certain beneficiaries.
Federal Prime Interest Rate Increased to 7.50 Percent
Effective December 14, 2022, the federal prime interest rate increased from 7 percent to 7.50 percent.
2022 Form 5500 Series Informational Copies Released
The DOL’s EBSA, the IRS, and the PBGC jointly released the 2022 Form 5500, Annual Return/Report of Employee Benefit Plan, and the 2022 Form 5500-SF, Short Form Annual Return/Report of Small Employee Benefit Plan.
Deadline Relief for New York Severe Winter Storm and Snowstorm
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storm and snowstorm in New York.
Physical Presence Relief for Retirement Plan Consents Set to Expire
Earlier this year, the IRS issued Notice 2022-27, further extending temporary relief from the physical presence requirements for certain elections.
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