IRS Announces Applicable Federal Rates for June 2022
The IRS issued Revenue Ruling 2022-10, which contains the applicable federal rates (AFR) for June 2022.
IRS Relief for New Mexico Wildfire and Wind Victims
The IRS announced the postponement of certain tax-related deadlines for victims of wildfires and straight-line winds in New Mexico.
IRS Further Extends Temporary Relief from Physical Presence Requirement for Retirement Plan Consents
The IRS has provided additional temporary relief from the physical presence requirements for certain participant elections through December 31, 2022.
Small Business Retirement Proposals Introduced in Senate
Senator John Hickenlooper (D-CO) has introduced two retirement bills in the Senate.
Financial Freedom Act Proposed in Senate
Senator Tommy Tuberville (R-AL) has introduced the Financial Freedom Act.
SEC Extends Comment Period for ESG Reporting Proposal
The SEC has extended the period to comment on its proposed rule regarding climate-related disclosures initially released in March, and published in the federal register on April 11, 2022.
IRS Proposes Update to Mortality Tables Used for DB Plans
The Department of Treasury and IRS have released proposed regulations to update the mortality tables that are used to calculate minimum required contributions for single-employer defined benefit pension plans.
IRS Issues Proposed MEP Rule
To help expand access to MEPs, the IRS has released proposed regulations, which provide a welcome exception to the unified plan rule.
IRS Releases Revised 2021 Publication 590-B
The IRS has issued a revised 2021 Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).
Proposed Lump-Sum Buyout Disclosure Legislation Reintroduced
Senators Patty Murray (D-WA), Tina Smith (D-MN), and Tammy Baldwin (D-WI) reintroduced the Information Needed for Financial Options Risk Mitigation (INFORM) Act of 2022.
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