On November 19, 2021, the U.S. House of Representatives passed H.R. 5376, the Build Back Better Act (“BBB Act” or “the Act”).
The IRS has issued Notice 2021-62, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
The House of Representatives passed the Build Back Better bill. The House-passed version of the bill contains several IRA provisions.
The Infrastructure Act includes additional pension funding relief, disaster relief changes, and new digital asset reporting requirements.
The IRS has announced the launch of a new online tool designed to assist U.S. withholding agents in complying with their reporting and withholding obligations with respect to Form 1042-S.
The President has signed into law the Infrastructure Investment and Jobs Act.
The much-anticipated Infrastructure Investment and Jobs Act (the Act) has passed the House of Representatives months after its approval in the Senate.
Leadership from the House Committee on Education and Labor and its Subcommittee on Health, Employment, Labor and Pensions have introduced the RISE Act to expand worker access to a secure retirement.
The IRS has issued a fourth draft of the 2022 Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments.
The IRS has issued Notice 2021-61, which contains the following 2022 retirement savings limitations.