ira

Deadline Relief for Florida Victims of Hurricane Ian

The IRS has announced the postponement of certain tax-related deadlines for victims of Hurricane Ian in Florida.

FuturePlan ERISA Team

IRS

Defined Contribution Plan

IRA

Hardship Distributions May Be Permitted for South Carolina Hurricane Ian

The Federal Emergency Management Agency (FEMA) has issued a disaster declaration for South Carolina Hurricane Ian, beginning September 25, 2022.

FuturePlan ERISA Team

IRS

Defined Contribution Plan

IRA

Deadline Relief for Alaska Victims of Severe Storm, Flooding, and Landslides

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storm, flooding, and landslides in Alaska.

FuturePlan ERISA Team

IRS Guidance

IRA

Defined Contribution Plan

Deadline Relief for Arizona Victims of Severe Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms in Arizona.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Senate Finance Committee Formally Introduces EARN Act

Senators Ron Wyden (D-OR) and Mike Crapo (R-ID), Senate Finance Committee Chair and Ranking Member, have introduced S.4808, the Enhancing American Retirement Now (EARN) Act.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

IRS Provides Additional Form W-4P, W-4R Guidance

The IRS has provided additional guidance related to federal income tax withholding requirements for retirement plan and IRA payments.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

IRS Announces Applicable Federal Rates for September 2022

The IRS has issued Revenue Ruling 2022-17, which contains the applicable federal rates (AFR) for September 2022.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

IRS Final Rule on Electronic Filing Requirements at OMB

The Office of Management and Budget has received a final rule from the IRS titled “Electronically Filed Returns”.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

HSA

Deadline Relief for Island of St. Croix, U.S. VI

The IRS has announced the postponement of certain tax-related deadlines for victims of a water shortage and health impact from unprecedented sargassum seagrass influx on the island of St. Croix, U.S. Virgin Islands.

FuturePlan ERISA Team

IRA

IRS

Defined Contribution Plan

Temporary Waiver of RMDs Proposed in House

Representative Warren Davidson (R-OH) has introduced HR 8331, a bill that would provide for a suspension of RMDs from retirement plans and IRAs for the 2022 calendar year.

FuturePlan ERISA Team

Legislative updates

IRA

Defined Contribution Plan

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