The Federal Emergency Management Agency issued a disaster declaration on July 19, 2023, for severe storms and flooding in Minnesota.
The Federal Emergency Management Agency issued a disaster declaration on July 19, 2023, for severe storms, straight-line winds, and tornadoes in Oklahoma.
The IRS has issued Revenue Ruling 2023-13, which contains the applicable federal rates (AFR) for August 2023.
The Department of Labor has released a paper to initiate consultation with the ERISA Advisory Council as a first step in fulfilling the requirements of Section 321 of the SECURE 2.0 Act titled “Review of Pension Risk Transfer Interpretive Bulletin.”
The Federal Emergency Management Agency issued a disaster declaration on July 14, 2023, for severe storms and flooding in Vermont, for the incident period beginning July 7, 2023.
The SECURE 2.0 Act of 2022, provisions affecting the Employee Plans Compliance Resolution System support the IRS trend toward shifting certain types of retirement account corrections to the Self Correction Program.
The IRS has announced the postponement of certain tax-related deadlines for victims of flooding in Vermont.
The IRS has issued Notice 2023-54 to provide transition relief for required minimum distributions in connection with the change in required beginning date to age 73 under SECURE 2.0, and guidance for certain specified RMDs for 2023.
The Securities and Exchange Commission (SEC) has released a final rule that amends certain rules governing money market funds.
Representatives Donald Norcross (D-NJ) and co-sponsor Tim Walberg (R-MI) have re-introduced the Lifetime Income for Employees Act. H.R. 3942 would allow annuities as a default investment in 401(k) plans.