COVID-19 Relief Extended for Another Year
On February 18, 2022, the President once again extended the national emergency until February 28, 2023.
IRS Issues Proposed Regulations for Required Minimum Distributions
The IRS has released proposed regulations relating to required minimum distributions from qualified plans.
2022 Cumulative List of Changes for Pre-Approved 403(b) Plans
The IRS has issued Notice 2022-8, which contains the 2022 cumulative list of changes in requirements that must be taken into account by drafters of pre-approved 403(b) retirement plan documents for Cycle 2.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-7, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
IRS Issues Deadline Relief for Tennessee Storm Victims
The IRS postpones certain tax-related deadlines for Tennessee storm victims.
IRS Announces Applicable Federal Rates for February 2022
The IRS has issued the applicable federal rates for February 2022.
IRS Guidance on SEPPs from QRPs
IRS’s guidance on whether periodic payments from an individual account under a qualified retirement plan are considered a series of substantially equal periodic payments.
New Retirement Payment Withholding Procedure is (Finally) Final
Tax payers and individuals will have a new process for calculating and electing federal income tax withholding on retirement distributions.
IRS Releases Draft Publication 15-A
The IRS released a draft of the 2022 Publication 15-A, Employer’s Supplemental Tax Guide (Supplement to Pub. 15, Employer’s Tax Guide).
Deadline Relief for Washington Flooding and Mudslide Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for victims of flooding and mudslides in Washington.
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