News

IRS Posts Draft Form for Reporting Qualified Disaster Retirement Plan Distributions

The IRS has posted a draft Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments as of September 30, 2022.

FuturePlan ERISA Team

IRS

IRS Releases Draft Forms 1099-R and 5498 for 2023 Tax Year

The IRS has posted draft versions of Form 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., and Form 5498, IRA Contribution Information for tax year 2023.

FuturePlan ERISA Team

IRS

Deadline Relief for Florida Victims of Hurricane Ian

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in Florida.

FuturePlan ERISA Team

IRS

Defined Contribution Plan

IRA

Hardship Distributions May Be Permitted for South Carolina Hurricane Ian

The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for South Carolina Hurricane Ian, beginning September 25, 2022.

FuturePlan ERISA Team

IRS

Defined Contribution Plan

IRA

Gomez Confirmed as Assistant Secretary of Labor for EBSA

The Senate has confirmed Lisa Gomez as Assistant Secretary of Labor for the Employee Benefits Security Administration by a 49 to 36 vote.

FuturePlan ERISA Team

Legislative updates

Retirement Savings Modernization Act Introduced

Senators Tim Scott (R-SC), and Pat Toomey (R-PA), along with Representative Peter Meijer (R-MI), have introduced the Retirement Savings Modernization Act in the Senate and House respectively.

FuturePlan ERISA Team

Legislative updates

Defined Contribution Plan

Hardship Distributions May Be Permitted for Florida Hurricane Ian

The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for Florida Hurricane Ian, beginning September 23, 2022.

FuturePlan ERISA Team

Defined Contribution Plan

RBC Wealth Management Teams with Transamerica and FuturePlan by Ascensus to Expand Retirement Plan Access with Innovative New Pooled Plan Solution

FuturePlan is part of an exciting partnership with RBC Wealth Management (RBC) and Transamerica.

FuturePlan

Partnerships

Deadline Relief for Alaska Victims of Severe Storm, Flooding, and Landslides

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storm, flooding, and landslides in Alaska.

FuturePlan ERISA Team

IRS Guidance

IRA

Defined Contribution Plan

IRS Posts Form 4972

The IRS has posted Form 4972, Tax on Lump-Sum Distributions, for tax year 2022.

FuturePlan ERISA Team

IRS

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