irs guidance

In-Kind Distribution of Terminating 403(b) Accounts

The IRS has issued a ruling describing the status and tax treatment of certain 403(b)(7) custodial accounts belonging to participants or beneficiaries of terminating 403(b) plans.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

SECURE Act

IRS Updates California Wildfire-Related Deadline Extensions

The IRS has updated previously-issued Announcement CA-2020-07, which describes the postponement of deadlines for victims of California wildfires that began on September 4, 2020.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

IRA

IRS Announces Louisiana Hurricane-Related Deadline Extensions

The IRS has issued Announcement LA-2020-05, which describes the postponement of deadlines for victims of Hurricane Delta, damage from which began on October 6, 2020.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

2021 Retirement Savings Limitations Released

The IRS has issued Notice 2020-79, which contains the 2021 retirement savings plan limitations.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

IRS Revises Rollover Self-Certification Rules

The IRS has issued modified guidance for taxpayers to self-certify their eligibility for an extension of the 60-day deadline to complete an otherwise-eligible rollover. 

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

IRA

New Guidance on Escheated Retirement Plan Account

The IRS has issued guidance for qualified retirement plans that escheat certain accounts of unresponsive or missing participants or beneficiaries to state unclaimed property funds.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

Default Withholding Rate for Periodic Retirement Plan Distributions

The IRS has issued a pre-publication version of final regulations on the default tax withholding rate to be applied to periodic and annuitized distributions from retirement plans.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Benefit Plan

Defined Contribution Plan

IRS Extends Tax Filing Deadlines for Oregon Wildfire Victims

IR-2020-215 announces a tax filing and payment deadline extension for certain persons and businesses affected by recent wildfires and straight-line winds Oregon.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

IRS Seeks More Forms 5500 Information

The IRS has published a notice offering the opportunity to comment on proposed changes to the information the agency collects on Form 5500, Form 5500-SF, and Form 5500-EZ.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

SECURE Act

IRS Issues Multi-Subject SECURE Act Q&A Guidance

The IRS has issued Notice 2020-68, guidance in question-and-answer (Q&A) format on provisions of legislation enacted in December 2019 in the SECURE Act.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

SECURE Act

No Results