Temporary Waiver of RMDs Proposed in House
Representative Warren Davidson (R-OH) has introduced HR 8331, a bill that would provide for a suspension of RMDs from retirement plans and IRAs for the 2022 calendar year.
Proposed Amendment for QPAM Exemptions Has Left OMB
A Proposed Rule titled “Proposed Amendment to PTE 84-14 for Plan Asset Transactions Determined by an Independent Qualified Plan Asset Manager” (QPAM) has left the Office of Management and Budget.
IRS Releases Additional Guidance on Special Financial Assistance
The IRS has released Revenue Ruling 2022-13 on the applicability of Internal Revenue Code (IRC) Section 432(b)(7) following a merger involving a multiemployer DB plan that has received special financial assistance.
PBGC Special Financial Assistance for Multiemployer Plans Final Rule Released
The PBGC has released a final rule outlining terms for underfunded multiemployer plans seeking special financial assistance (SFA) under the ARP Act of 2021.
IRS Posts Updated Publication 1179
The IRS has released the latest version of Publication 1179 (Revenue Procedure 2022-25), General Rules and Specifications for Substitute Forms 1096, 1098, 1099, 5498, and Certain Other Information Returns.
Discussion Draft on Financial Privacy Introduced
Congressman Patrick McHenry (R-NC) has released a discussion draft of legislation to modernize financial privacy laws and give consumers more control over how their personal information is collected and utilized.
IRS Releases 2022 Draft Form 945
The IRS has made available a draft 2022 Form 945 Annual Return of Withheld Federal Income Tax.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2022-29, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
DOL Releases Spring 2022 Regulatory Agenda
The Department of Labor has posted online its upcoming guidance priorities.
Senate Finance Committee Advances EARN Act
The Senate Finance Committee conducted a hearing today to consider the Enhancing American Retirement Now (EARN) Act.
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