IRS Provides Additional Form W-4P, W-4R Guidance
The IRS has provided additional guidance related to federal income tax withholding requirements for retirement plan and IRA payments.
DOL Invites Public Hearing on QPAM Exemption
The DOL is extending the comment period for receiving written comments related to prohibited transaction class exemption 84-14 (the Proposed QPAM Amendment) to October 11, 2022.
DOL Releases Interpretive Bulletin on Auditor Independence
The Department of Labor (DOL) has released Interpretive Bulletin 2022-01 (IB) relating to independence requirements for accountants who audit employee benefit plans.
Deadline Relief for Mississippi Water Crisis Victims
The IRS has announced the postponement of certain tax-related deadlines for victims of a water crisis in Mississippi.
DOL’s Proposed Restated Voluntary Fiduciary Correction Program at OMB
The Office of Management and Budget has received a proposed rule from the Department of Labor (DOL) titled “Adoption of Amended and Restated Voluntary Fiduciary Correction Program”.
IRS Issues Updates for DB Plan Calculations
The IRS has issued Notice 2022-35, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
DOL to Reopen Comment Period for Proposed Prohibited Transaction Procedure
The DOL has announced a public hearing scheduled for September 15, 2022.
IRS Announces Applicable Federal Rates for September 2022
The IRS has issued Revenue Ruling 2022-17, which contains the applicable federal rates (AFR) for September 2022.
IRS Final Rule on Electronic Filing Requirements at OMB
The Office of Management and Budget has received a final rule from the IRS titled “Electronically Filed Returns”.
IRS Issues Deadline Relief for Missouri Storm Victims
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms and flooding in Missouri.
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