Deadline Relief for Hurricane Ida Victims in New York
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for victims of Hurricane Ida in New York.
House Budget Reconciliation Text Includes Retirement Reform
The House Ways and Means Committee has released draft legislative text as part of what is currently planned to be a $3.5 trillion tax and spending package.
IRS Provides Amendment Guidance
The IRS has released Revenue Procedure 2021-37, providing procedures for the issuance of opinion letters and the timing requirements of remedial amendment periods for Cycle 2 approvals of 403(b) plans.
Deadline Relief for Hurricane Ida Victims
The IRS has issued news releases IR-2021-175 and LA-2021-04 announcing the postponement of certain tax-related deadlines for Hurricane Ida victims in Louisiana.
IRS Deadline Relief for Tennessee Storms Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Tennessee victims of severe storms and flooding.
GAO Reports on 401(k) Fee Information
The GAO’s recent report “401(K) Retirement Plans – Many Participants Do Not Understand Fee Information, but DOL Could Take Additional Steps to Help Them”.
IRS Deadline Relief for California Wildfire Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for California wildfire victims.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2021-50, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Retirement Distribution Relief for Federal Disasters
Senators Bill Cassidy and Robert Menendez have introduced legislation that would make permanent certain rules for distributions and loans from retirement plans and IRAs in connection with federally declared disasters.
IRS Makes Changes to Plan Correction Program
The IRS has released Revenue Procedure (Rev. Proc.) 2021-30, which contains significant updates to the Employee Plans Compliance Resolution System (EPCRS).
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