Regulatory and Legislative

IRS Issues Draft Instructions for Reporting of Qualified Disaster Distributions

FuturePlan ERISA Team December 07 2021

The IRS has provided draft Instructions for Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments. Form 8915-F is to be used to report

  • Qualified 2021 and later disaster distributions,
  • Qualified 2020 disaster distributions made in 2021 or 2022,
  • Repayments of qualified 2020 and later disaster distributions,
  • Income in 2021 and later years from qualified 2020 and later disaster distributions, and
  • Qualified distributions received in 2021 and later years.

In the past, the nomenclature for Form 8915 has changed each reporting year with a subsequent letter of the alphabet. The IRS indicates in these instructions that Form 8915-F will be a “forever” form and will not be redesignated each year.

IRS IRS Guidance Defined Benefit Plan Defined Contribution Plan IRA

Regulatory and Legislative

DOL Final Rule Updating VFCP Has Left OMB

DOL Final Rule Updating VFCP Has Left OMB

Department of Labor guidance titled “Adoption of Amended and Restated Voluntary Fiduciary Correction Program” has left the Office of Management and Budget.


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