ira

IRS Issues Deadline Relief for Texas Victims of Winter Storms

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Texas winter storm victims. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

New Withholding Form to Be Used for 2022

The IRS has made available a 2022 tax year draft Form W-4P, and indicates that the form will be split into two forms. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

Missing Participants: Prevention is the Best Cure

Unfortunately, many employers don’t consider how to handle missing participants’ account balances or how to prevent losing track of participants in the first place. 

FuturePlan ERISA Team

Retirement Spotlight

Defined Contribution Plan

IRA

DOL

Fiduciary Issues

New IRS Guidance for Federally Declared Disasters

At the end of 2019, the IRC was amended to create a mandatory 60-day postponement for certain federal tax-related deadlines in the event of a disaster. 

FuturePlan ERISA Team

Retirement Spotlight

Defined Contribution Plan

IRA

HSA

IRS

IRS Guidance

DOL Confirms Effective Date for Investment Advice PTE

The DOL’s EBSA has confirmed that prohibited transaction exemption 2020-02 entitled, “Improving Investment Advice for Worker & Retirees,” will take effect on February 16. 

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Fiduciary Issues

IRA

Public Hearing for Proposed Regulations on Federally Declared Disasters

Published in the Federal Register is an IRS notice of public hearing on proposed regulations for automatic 60-day postponement of certain deadlines following federally declared disasters. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

Proposed Regs for Disaster-Related Deadline Postponements

IRS Proposes Regulations for Automatic Deadline Postponements for Federally Declared Disasters  

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

PPP Reopens the Week of January 11 2021

Paycheck Protection Program reopens the week of January 11, 2021. 

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

IRA

Deadline Relief for Mississippi Hurricane Zeta Victims

The IRS has announced the postponement of certain tax-related deadlines for Mississippi victims of Hurricane Zeta. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

IRS Releases 2021 Tax Year Reporting Forms 1099-R and 5498

The IRS has posted at its website the 2021 tax year version of Form 1099-R and Form 5498. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

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