ira

IRS Announces Deadline Relief for Michigan Severe Storms, Tornadoes, and Flooding

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, tornadoes and flooding in Michigan.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

IRA

HSA

IRS Announces Applicable Federal Rates for March

The IRS has issued Revenue Ruling 2024-04, which contains the applicable federal rates (AFR) for March 2024.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

IRS Announces Deadline Relief for West Virginia

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, flooding, landslides, and mudslides in West Virginia.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Legislative updates

Representative Neal Introduces Automatic IRA Act of 2024 Bill

Representative Richard Neal (D-MA), House Ways and Means Committee Ranking Member, has introduced the Automatic IRA Act of 2024.

FuturePlan ERISA Team

Legislative updates

IRA

IRS Releases Final Guidance on Penalty Exceptions for Failure to File Correct Information Returns or Furnish Payee Statements

The Internal Revenue Service has released final regulations that provide de minimis error safe harbor exceptions to penalties for failure to file correct information returns or furnish correct payee statements.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRA

IRS

IRS Guidance

Washington Pulse

Disaster Assistance May Be Available for West Virginia

The Federal Emergency Management Agency issued a disaster declaration on January 30, 2024, for West Virginia severe storms.

FuturePlan ERISA Team

IRS

HSA

Defined Contribution Plan

Defined Benefit Plan

IRS Guidance

IRA

Disaster Assistance May Be Available for Maine

The Federal Emergency Management Agency issued a disaster declaration on January 30, 2024, for Maine severe storms and flooding.

FuturePlan ERISA Team

IRA

HSA

Defined Contribution Plan

Defined Benefit Plan

IRS

IRS Guidance

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

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

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