IRS Makes Changes to Plan Correction Program
The IRS has released Revenue Procedure (Rev. Proc.) 2021-30, which contains significant updates to the Employee Plans Compliance Resolution System (EPCRS).
Series of Retirement Security Bills Reintroduced
Senators Cory Booker (D-NJ) and Todd Young (R-IN) reintroduced four bills in the Senate this week designed to address retirement security.
Proposed Tax Benefits for Retirement Saving Distributions
Senator Patrick Toomey (R-PA), has re-introduced the Long-Term Care Affordability Act.
Women’s Retirement Protection Act Re-Introduced
Senator Patty Murray (D-WA) and Representative Lauren Underwood (D-IL) have introduced the Women’s Retirement Protection Act of 2021 in their respective chambers.
Encouraging Americans to Save Act Introduced in Senate
Senate Finance Committee Chair Ron Wyden (D-OR) and six other Democratic Senators have introduced the Encouraging Americans to Save Act (EASA).
DOL Provides FAQs for Lifetime Income Illustrations
The DOL has provided FAQs addressing questions about the timing of implementation of pension benefit statement lifetime income illustrations under the SECURE Act.
IRS Proposes eFiling Requirements for Certain Returns
The IRS has released a pre-publication version of proposed regulations amending rules intended to increase the filing of electronic returns.
Deadline Relief for Michigan Storm Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Michigan victims of severe storms, flooding, and tornadoes.
Relief from Physical Presence Requirement Extended
The IRS again extends temporary relief from physical presence requirement for retirement plan consents.
Deadline Relief for Louisiana Storm Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Louisiana victims of severe storms and flooding.
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