regulatory updates

House Passes Amended COVID-19 Relief Bill

Following Senate passage, the House of Representatives has passed the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19. 

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Health and Welfare

Legislative updates

IRS Posts Small Business Retirement Plan Publication

The IRS has posted the 2020 tax year version of Publication 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans). 

FuturePlan ERISA Team

Forms and Publications

IRS

Retirement

Employer

Schedule C Tax Filers to Use Gross Income for PPP Loans

The SBA has issued an interim final rule that would allow business owners who file a Schedule C to use gross income in determining payroll costs for PPP loans. 

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

IRA

DOL Delays Effective Date for Independent Contractor Regulations

The DOL Wage and Hour Division has finalized its proposal to delay until May 7, 2021, the effective date of final regulations on independent contractor status. 

FuturePlan ERISA Team

Defined Contribution Plan

DOL

Health and Welfare

IRS Regulations Address Tax on Unrelated Businesses in Plans

The IRS has released final regulations on computing unrelated business taxable income (UBTI) for a tax-exempt organization. 

FuturePlan ERISA Team

Retirement Spotlight

Defined Contribution Plan

IRA

IRS

IRS Guidance

House Passes COVID-19 Relief Bill

The House of Representatives has passed the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19. 

FuturePlan ERISA Team

COVID-19

Defined Benefit Plan

Defined Contribution Plan

Health and Welfare

Legislative updates

COVID-19 Relief for Benefit Plans Continued

The DOL’s Employee Benefits Security Administration (EBSA) has released Disaster Relief Notice 2021-01 providing guidance on the duration of COVID-19-related relief. 

FuturePlan ERISA Team

COVID-19

Defined Contribution Plan

DOL

Health and Welfare

IRS Issues Deadline Relief for Texas Victims of Winter Storms

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Texas winter storm victims. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

New Withholding Form to Be Used for 2022

The IRS has made available a 2022 tax year draft Form W-4P and indicates that the form will be split into two forms. 

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS Guidance

Notices for 2019 Forms 5500 Series Extension Approvals

The IRS has announced that processing requests for an extension of time to file 2019 Forms 5500 series returns were delayed in 2020, resulting in delayed mailing of Notice CP 216F. 

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

No Results