irs guidance

IRS Releases 2021 Tax Year Reporting Forms 1099-R and 5498

The IRS has posted at its website the 2021 tax year version of Form 1099-R and Form 5498. 

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

IRS Announces Deadline Relief for Alabama Hurricane Zeta Victims

The IRS announced the postponement of certain tax-related deadlines for Alabama victims of Hurricane Zeta. 

FuturePlan ERISA Team

IRA

Defined Benefit Plan

Defined Contribution Plan

IRS Guidance

Terminating Custodial 403(b) Plans Get Distribution Relief

The IRS has issued Revenue Ruling 2020-23 to address how employers may terminate 403(b) plans that contain custodial accounts. 

FuturePlan ERISA Team

IRS

IRS Guidance

Tax-Related Deadline Relief for Puerto Rico Storm Victims

The IRS has provided tax-related deadline relief for victims of the September 13, 2020 storm on the island of Puerto Rico.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

Provisions for 401(k)/403(b) Safe Harbor SECURE Act

The IRS has issued Notice 2020-86, with guidance for implementing provisions of the SECURE Act of 2019.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

SECURE Act

Final Regulations for Offset Retirement Plan Loan Rollovers

The IRS has issued final regulations implementing a provision of the 2017 TCJA permitting an extended period to roll over the proceeds of certain retirement plan loans.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

Retirement Spotlight: IRS Releases Escheatment Guidance

This Retirement Spotlight summarizes Rev. Rul. 2020-24 and Rev. Proc. 2020-46 and explains how they interact with other IRS and DOL guidance.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

IRA

IRS Guidance

Retirement Spotlight

IRS Issues Final Life Expectancy Regulations

The IRS has published final regulations updating life expectancy tables that are used for required minimum distributions (RMDs) and for other purposes.

FuturePlan ERISA Team

Washington Pulse

IRS

IRS Guidance

Spousal, Annuity Rights for 403(b) Distributions

The IRS has requested comments on spousal, annuity rights for in-kind 403(b) distributions of terminating plans.

FuturePlan ERISA Team

Defined Contribution Plan

IRS Guidance

Updated Life Expectancy Tables Published

The IRS has provided updated life expectancy tables.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

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