IRS Postpones Requirement to Use Updated Forms W-4P and W-4R
The IRS has issued a fourth draft of the 2022 Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments.
2022 Retirement Savings Limitations Released
The IRS has issued Notice 2021-61, which contains the following 2022 retirement savings limitations.
Deadline Relief for Hurricane Ida Victims in Connecticut
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for victims of Hurricane Ida in Connecticut.
Deadline Relief for Hurricane Ida Victims in Mississippi
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for victims of Hurricane Ida in Mississippi.
IRS Updates Coronavirus-Related Relief FAQs
The IRS recently updated its coronavirus-related relief for retirement plans and IRAs questions and answers (FAQs) for Sec. 2202 of the CARES Act.
DOL Announces New Temporary Enforcement Policy
The DOL has extended the transitional relief under FAB 2018-02 and provided additional temporary non-enforcement guidance related to specific provisions of PTE 2020-02 in FAB 2021-02.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2021-60, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
DOL Flips Script with ESG Proposal
The Department of Labor (DOL) has issued a proposed rule, “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.”
IRS Issues Guidance on Funding Relief for Multiemployer DB Plans
The IRS has released Notice 2021-57, providing guidance for multiemployer defined benefit (DB) plans receiving funding relief under the American Rescue Plan Act of 2021.
2022 Taxable Wage Base Announced
The Social Security Administration has announced the 2022 adjustments for benefits and certain other limitations that are subject to annual cost-of-living adjustment (COLA) indices.
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