IRS Releases Draft Forms 1099-R and 5498 for 2023 Tax Year
The IRS has posted draft versions of Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., and Form 5498, IRA Contribution Information for tax year 2023.
Deadline Relief for Florida Victims of Hurricane Ian
The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in Florida.
Hardship Distributions May Be Permitted for South Carolina Hurricane Ian
The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for South Carolina Hurricane Ian, beginning September 25, 2022.
Gomez Confirmed as Assistant Secretary of Labor for EBSA
The Senate has confirmed Lisa Gomez as Assistant Secretary of Labor for the Employee Benefits Security Administration by a 49 to 36 vote.
Retirement Savings Modernization Act Introduced
Senators Tim Scott (R-SC), and Pat Toomey (R-PA), along with Representative Peter Meijer (R-MI), have introduced the Retirement Savings Modernization Act in the Senate and House respectively.
Hardship Distributions May Be Permitted for Florida Hurricane Ian
The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for Florida Hurricane Ian, beginning September 23, 2022.
RBC Wealth Management Teams with Transamerica and FuturePlan by Ascensus to Expand Retirement Plan Access with Innovative New Pooled Plan Solution
FuturePlan is part of an exciting partnership with RBC Wealth Management (RBC) and Transamerica.
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.
IRS Posts Form 4972
The IRS has posted Form 4972, Tax on Lump-Sum Distributions, for tax year 2022.
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).
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