IRS Regulations Address Tax on Unrelated Businesses in Plans
The IRS has released final regulations on computing unrelated business taxable income (UBTI) for a tax-exempt organization.
IRS Details Additional Temporary Guidance for Cafeteria Plans
The IRS has issued Notice 2021-15, providing additional guidance and flexibility to employee benefit plans offering health FSA and dependent care arrangements.
Notices for 2019 Forms 5500 Series Extension Approvals
The IRS has announced that processing requests for an extension of time to file 2019 Forms 5500 series returns were delayed in 2020, resulting in delayed mailing of Notice CP 216F.
IRS Posts 2020 Tax Year Health Savings Arrangement Publication
The IRS has posted the 2020 tax year Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans.
New IRS Guidance for Federally Declared Disasters
At the end of 2019, the IRC was amended to create a mandatory 60-day postponement for certain federal tax-related deadlines in the event of a disaster.
IRS Releases Final QPLO Regulations
Plan participants have more time to roll over certain plan loan offsets under the Tax Cuts & Jobs Act of 2017 (TCJA).
Compatibility of Pre-Approved Plan Documents and PEPs
The IRS has revealed that pre-approved qualified retirement plan documents may be used to establish arrangements known as pooled employer plans, or PEPs.
IRS Posts Updated DB Plan Yield Curves and Segment Rates
The IRS has issued updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
New guidance for Traditional and QACA Safe Harbor Plans
The SECURE Act makes it easier for employers to adopt ADP/ACP safe harbor plan provisions. These plans have proven popular with many employers.
IRS Addresses Tax Benefits Related to PPP Loans
The IRS has issued Revenue Ruling 2021-02 guidance related to tax benefits associated with PPP loans.
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