Retirement Plan Disaster Assistance May Be Available for California Severe Storm and Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on May 25, 2023, for a California severe storm and flooding.
SECURE 2.0 Provides New Ways to Take Penalty-Free Distributions
The SECURE 2.0 Act provides more ways for individuals to access their retirement savings and creates new exceptions to the 10% early distribution penalty tax.
Disaster Assistance May Be Available for Tennessee Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on May 17, 2023, for Tennessee severe thunderstorms and possible strong tornadoes, for the incident period of March 1, 2023 – March 3, 2023.
IRS Announces Applicable Federal Rates for June 2023
The IRS has issued Revenue Ruling 2023-10, which contains the applicable federal rates (AFR) for June 2023.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2023-40, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Deadline Relief for California Severe Winter Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms, straight-line winds, flooding, landslides, and mudslides in California.
Disaster Assistance May Be Available for Oklahoma Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 24, 2023, for Oklahoma severe storms.
Deadline Relief for Oklahoma Severe Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and tornadoes in Oklahoma.
Updated Yield Curves and Segment Rates for DB Plans
The IRS has issued Notice 2023-33, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Disaster Assistance May Be Available for Indiana Severe Storms
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 15, 2023, for severe storms, straight-line winds, and tornadoes in Indiana.
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