irs

Final Rule on Transparency In Healthcare Coverage

Federal agencies jointly issue final rule on transparency in healthcare coverage intended to make healthcare price information accessible for comparison-shopping.

FuturePlan ERISA Team

DOL

Health and Welfare

IRS

IRS Updates Life Expectancy Tables for Determining RMDs

The IRS has issued a pre-publication version of final regulations that update life expectancy tables for determining RMDs for tax-qualified retirement savings arrangements.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

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 Announces 2021 Inflation-Adjusted Welfare Benefits

The IRS has inflation-adjusted amounts for various provisions of the Internal Revenue Code (IRC), including employer-provided welfare benefits.

FuturePlan ERISA Team

Health and Welfare

IRS

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 Announces Deadline Relief for Alabama Victims of Hurricane Sally

The IRS has announced an extension of deadlines for completing certain time-sensitive tax-related acts for Alabama victims of Hurricane Sally.

FuturePlan ERISA Team

IRS

Defined Benefit Plan

Defined Contribution Plan

Washington Pulse: IRS Provides Additional SECURE Act Guidance

IRS Notice 2020-68 provides guidance on the SECURE Act, and on the Bipartisan American Miners Act, which is also part of FCAA.

FuturePlan ERISA Team

Washington Pulse

IRS

SECURE Act

Miners Act

FCAA

IRS Posts Updated Yield Curves and Segment Rates for DB Plans

The IRS has posted Notice 2020-72, guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

FuturePlan ERISA Team

IRS

Defined Benefit Plan

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