irs guidance

IRS Issues Regulations for Plan-Specific Substitute Mortality Tables for Determining Present Value

The Internal Revenue Service has released final regulations regarding the use of mortality experience data for the COVID-19 pandemic period.

FuturePlan ERISA Team

IRS

IRS Guidance

Retirement Plan Disaster Assistance May Be Available for Oklahoma Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on July 23, 2024, for Oklahoma severe storms.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Kentucky Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on July 23, 2024, for Kentucky severe storms, straight-line-winds, tornadoes, landslides and mudslides.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Missouri Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on July 23, 2024, for Missouri severe storms, straight-line-winds, tornadoes and flooding.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Puerto Rico Severe Storms

The Federal Emergency Management Agency issued a Major Disaster Declaration on July 23, 2024, for Puerto Rico severe storms, flooding, landslides and mudslides.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Announces Deadline Relief for Hurricane Beryl in Texas

The IRS has announced the postponement of certain tax-related deadlines for victims of hurricane Beryl in Texas.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

IRA

HSA

IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The Internal Revenue Service has issued Notice 2024-59, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

Retirement Plan Disaster Assistance May Be Available for Montana Severe Storm

The Federal Emergency Management Agency issued a Major Disaster Declaration on July 18, 2024, for Montana severe winter storm and flooding.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRS

IRS Guidance

ERISA Insights – IRS Releases RMD Regulations

The Internal Revenue Service has released final regulations that revise existing regulations applicable to RMDs, eligible rollover distributions, and excess accumulation tax.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

Fiduciary Issues

IRA

IRS

IRS Guidance

ERISA Insights

SECURE Act

SECURE 2.0

IRS Announces Applicable Federal Rates for August

The IRS has issued Revenue Ruling 2024-15, which contains the applicable federal rates (AFR) for August 2024.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

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