ira

Deadline Relief for California Severe Storms

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

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

IRA

SECURE 2.0 is Congress’s Retirement Enhancement Encore

This bill was included in the Consolidated Appropriations Act of 2023, which was signed into law on December 29, 2022.

FuturePlan ERISA Team

Washington Pulse

SECURE 2.0

Defined Contribution Plan

IRA

Legislative updates

IRS Updates Determination Letter and VCP Submission Information

The IRS has issued Revenue Procedure (Rev. Proc.) 2023-4, which updates guidance on determination letter submission procedures.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

IRS Guidance

Deadline Relief for California Severe Winter Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe winter storms, flooding, and mudslides in California.

FuturePlan ERISA Team

IRS

IRS Guidance

IRA

Defined Contribution Plan

Defined Benefit Plan

IRS Final Rule on Electronic Filing Requirements has left OMB

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

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

Congress Approves Appropriations Bill, Containing the SECURE 2.0 Act of 2022, President’s Signature Expected

The House of Representatives has passed the Consolidated Appropriations Act of 2023, HR 2617, today with a 225-201-1 vote.

FuturePlan ERISA Team

Washington Pulse

SECURE 2.0

529 account

ABLE Account

Defined Contribution Plan

IRA

Legislative updates

Senate Approves Appropriations Bill, Containing the SECURE 2.0 Act of 2022

The House will now take up CAA 2023 with voting anticipated to take place as early as this evening.

FuturePlan ERISA Team

SECURE 2.0

529 account

ABLE Account

Defined Contribution Plan

IRA

Legislative updates

Government Funding Bill, Containing SECURE 2.0, Released

Senate Appropriations Committee Chairman Patrick Leahy (D-VT) has released HR  2617, the Consolidated Appropriations Act of 2023.

FuturePlan ERISA Team

529 account

ABLE Account

Defined Contribution Plan

IRA

Legislative updates

SECURE 2.0

IRS Announces Applicable Federal Rates for January 2023

The IRS has issued Revenue Ruling 2023-1, which contains the applicable federal rates (AFR) for January 2023.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

How IRS Notice 2022-53 Affects Beneficiaries

IRS will not enforce 50% excess accumulation penalty tax for certain beneficiaries.

FuturePlan ERISA Team

IRS

IRS Guidance

Defined Contribution Plan

IRA

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