IRS PLR Grants Additional Flexibility for Employer Contributions
A private letter ruling issued by the Internal Revenue Service allows the inquiring taxpayer to offer a discretionary employer contribution.
IRS Announces Deadline Relief for Connecticut Severe Storms
The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of severe storms, flooding, landslides and mudslides in Connecticut.
SECURE 2.0 May Impact How Businesses Complete Forms W-2
The IRS has released a fact sheet informing employers that adopting certain plan provisions will impact how certain amounts are reported on Form W-2, Wage and Tax Statement.
Retirement Plan Disaster Assistance May Be Available for New York Severe Storms
The Federal Emergency Management Agency issued a Major Disaster Declaration on August 29, 2024, for New York severe storms, tornadoes, and flooding.
Retirement Plan Disaster Assistance May Be Available for Montana Straight-Line Winds
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on August 23, 2024.
IRS Announces Deadline Relief for South Dakota Severe Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line-winds, and flooding in South Dakota.
Retirement Plan Disaster Assistance May Be Available for Disasters in Nebraska, New Hampshire, Kansas, Vermont, and New Mexico
The Federal Emergency Management Agency (FEMA) issued Major Disaster Declarations on August 20, 2024.
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2024-62, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
IRS Releases Guidance on Student Loan Matching Contributions
The IRS has issued Notice 2024-63 (Notice) providing guidance under Section 110 of SECURE 2.0 regarding employer matching contributions with respect to qualified student loan payments (QSLP).
IRS Announces Applicable Federal Rates for September
The IRS has issued Revenue Ruling 2024-17 which contains the applicable federal rates (AFR) for September 2024.
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