News

The Internal Revenue Service has issued updated Form 5498-ESA, Coverdell ESA Contribution Information, and correlating instructions. 

The Federal Emergency Management Agency issued Major Disaster Declarations on January 23 and January 24 for several states relative to winter storms.

Representative John McGuire (R-VA) has sponsored H.R. 7185, the Home Savings Act. 

The Internal Revenue Service has issued Notice 2026-09, extending the deadline to complete amendments under the SECURE 2.0 Act for individual retirement arrangements.

The Internal Revenue Service has released the 2025 tax year Publications 590-B, Distributions from Individual Retirement Arrangements.

The Pension Benefit Guaranty Corporation has updated its regulation on Allocation of Assets in Single-Employer Plans, which prescribes actuarial assumptions for valuing benefits under terminating single-employer plans covered by ERISA.

The Internal Revenue Service has posted 2025 draft tax year Instructions for Form 990-T, Exempt Organization Business Income Tax Return (and Proxy Tax Under Section 6033(e)). 

The Internal Revenue Services (IRS) has issued Notice 2026-13.

The Internal Revenue Service has released an updated Form 8881, Credit for Small Employer Pension Plan Startup Costs, Auto-Enrollment, and Military Spouse Participation.

H.R. 2988, the Protecting Prudent Investment of Retirement Savings Act has passed in the House of Representatives by a vote of 213-205.