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IRS To Issue Cycle 4 Opinion Letters Soon

The Internal Revenue Service has issued Announcement 2026-15, indicating that it intends to issue opinion letters for defined contribution pre-approved plans updating qualification requirements under Cycle 4.

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Retirement Plan Disaster Assistance May Be Available for Several Disasters

The Federal Emergency Management Agency issued Major Disaster Declarations on August 3 for storms in Nebraska, Missouri, Mississippi, and West Virginia.

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Trump Account Investment Rule Clears OMB

The Office of Management and Budget concluded its review of a proposed rule, Eligible Investments for Trump Accounts under Section 530A, from the Department of Treasury.

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IRS Releases 2026 Draft Instructions for Form 8889, HSA Reporting

The Internal Revenue Service (IRS) has posted 2026 tax year draft Instructions for Form 8889, Health Savings Accounts.

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Treasury Reveals Investment Lineup for Trump Accounts

The Department of Treasury has announced selected investment options for Trump accounts.

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IRS Announces Trump Account Transfer Tax Safe Harbor

The Internal Revenue Service has released Revenue Procedure 2026-25, providing guidance on the applicability of gift, estate, or generation-skipping transfer tax liability for individuals making contributions to Trump accounts.

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Automatic Enrollment Final Rule at OMB

The final rule reflects statutory changes introduced by the SECURE 2.0 Act of 2022.

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IRS Posts 2026 Forms 1099-R, 5498, and Instructions

The Internal Revenue Service has posted 2026 tax year Instructions for Forms 1099-R and 5498 along with Form 1099-R and Form 5498.

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DOL Provides Guidance on Employer Involvement with Trump Accounts

The Department of Labor has issued Technical Release 2026-02.

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IRS Releases Draft Instructions for 2026 Forms 1099-R, 5498

The Internal Revenue Service has posted 2026 tax year Instructions for Forms 1099-R and 5498.

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IRS Announces Deadline Relief for Montana Taxpayers Impacted by Severe Storms

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for individuals and businesses in the Crow Tribe, Fort Peck Assiniboine and Sioux Tribes of Montana.

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IRS Announces Deadline Relief for Taxpayers Impacted by Arizona Storms

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for individuals and businesses in the San Carlos Apache Tribe in Arizona.

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IRS Announces Applicable Federal Rates for July

The Internal Revenue Service has issued Revenue Ruling 2026-12 which contains the applicable federal rates for July 2026.

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IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The Internal Revenue Service has issued Notice 2026-38, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.

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Treasury Announces Access to Trump Accounts for Foster Children

Treasury Secretary Scott Bessent and First Lady Melania Trump unveiled a new policy initiative designed to “strengthen financial security and opportunity for young Americans in foster care”.

Regulatory and Legislative IRA IRS News Articles