irs guidance

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.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

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.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

Deadline Relief for Illinois Victims of Severe Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storm and flooding in Illinois.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

IRS Announces Applicable Federal Rates for December 2022

The IRS has issued Revenue Ruling 2022-22, which contains the applicable federal rates (AFR) for December 2022.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Expands Determination Program for 403(b) Plans

The IRS has issued Revenue Procedure 2022-40, which permits the submission of determination letter applications for 403(b) individually designed plans.

FuturePlan ERISA Team

IRS

IRS Guidance

IRS Priority Guidance Plan Includes Retirement Items

The IRS has issued its 2022-2023 Priority Guidance Plan, in which it describes guidance projects in the current fiscal year.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

IRS Announces Targeted RMD Relief for Certain 2021 and 2022 Beneficiary Distributions under SECURE Act

The IRS has released Notice 2022-53, announcing its intent to issue final regulations related to RMDs that will apply no earlier than the 2023 distribution calendar year.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRA

IRS Guidance

IRS Proposes User Fee Increase for Enrolled Actuaries

The IRS has issued a proposed rule to increase the renewal fee for Enrolled Actuaries from $250 to $680.

FuturePlan ERISA Team

IRS

IRS Guidance

Deadline Relief for Alaska Victims of Severe Storm, Flooding, and Landslides

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storm, flooding, and landslides in Alaska.

FuturePlan ERISA Team

IRS Guidance

IRA

Defined Contribution Plan

IRS Extends Remedial Amendment Period for CARES Act and Taxpayer Certainty and Disaster Tax Relief Act

The IRS issued Notice 2022-45 which extends the deadline for amendments to retirement plans and IRAs to adopt some provisions relating to distributions and loans under the CARES Act and the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (Relief Act).

FuturePlan ERISA Team

IRS Guidance

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