Regulatory and Legislative

The Internal Revenue Service has issued a draft Form 4547, Trump Account Election(s), and accompanying draft instructions. 

The Internal Revenue Service released Notice 2025-60, 2025 Required Amendments List for Qualified and Section 403(b) Plans.

House Financial Services Committee Chairman French Hill (R-AR) and several committee members introduced bipartisan legislation, the Incentivizing New Ventures and Economic Strength Through Capital Formation (INVEST) Act.

The Treasury Department and the Internal Revenue Service have released Notice 2025-68, containing initial guidance and a request for comments on the implementation of Trump accounts under IRC Section 530A. 

The Internal Revenue Service has posted 2025 Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.

The Internal Revenue Service has released 2025 draft Instructions for Form 8606, Nondeductible IRAs. 

Representative Randy Fine (R-FL) has introduced H.R. 6084, the ERISA Litigation Reform Act.

The IRS released an updated draft 2026 Publication 15-A, Employer’s Supplemental Tax Guide (Supplement to Pub. 15, Employer’s Tax Guide). 

The Internal Revenue Service has posted an updated draft 2025 Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts. 

The Internal Revenue Service has issued Notice 2025-73, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.