irs

Form 5500 Changes Proposed

In September 2021, the DOL, IRS, and Pension Benefit Guaranty Corporation (PBGC), collectively referred to as the “Agencies”, released proposed changes to Form 5500, Annual Return/Report of Employee Benefit Plan.

FuturePlan ERISA Team

Defined Contribution Plan

DOL

IRS

IRS Guidance

SECURE Act

Washington Pulse

IRS Priority Guidance Plan Includes Retirement Items

The IRS has issued its initial 2021-2022 Priority Guidance Plan, in which it describes guidance projects in the current fiscal year.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRS

SECURE Act

IRS Provides Amendment Guidance

The IRS has released Revenue Procedure 2021-37, providing procedures for the issuance of opinion letters and the timing requirements of remedial amendment periods for Cycle 2 approvals of 403(b) plans.

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

IRS Deadline Relief for Tennessee Storms Victims

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Tennessee victims of severe storms and flooding.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRS

IRS Guidance

IRS Deadline Relief for California Wildfire Victims

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for California wildfire victims.

FuturePlan ERISA Team

Defined Benefit Plan

Defined Contribution Plan

IRS

IRS Guidance

IRS Finalizes Postponement Period for Federally Declared Disasters

The average number of natural disasters continues to rise. As a result, Congress and the IRS have tried to keep pace by providing relief for those affected by major disasters and emergencies. 

FuturePlan ERISA Team

Retirement Spotlight

IRS

IRS Guidance

Final Regulations for Deadline Postponements Related to Disasters

The IRS has released final regulations regarding the mandatory 60-day postponement of deadlines for certain time-sensitive, tax-related acts in circumstances of federally declared disasters.

FuturePlan ERISA Team

Defined Contribution Plan

IRA

IRS

IRS Guidance

IRS Posts Updated DB Plan Yield Curves and Segment Rates

The IRS has issued Notice 2021-33, which contains updated guidance on defined benefit (DB) pension plan minimum funding and present value calculations. 

FuturePlan ERISA Team

IRS

Defined Benefit Plan

IRS Provides Additional COBRA Premium Subsidy Guidance

The IRS issued Notice 2021-31, which provides guidance affecting COBRA premium assistance pursuant to the American Rescue Plan Act of 2021 (ARPA). 

FuturePlan ERISA Team

IRS

Health and Welfare

Deadline Relief for Alabama Storm Victims

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Alabama victims of severe storms, straight-line winds, and tornadoes.

FuturePlan ERISA Team

IRA

IRS

Defined Benefit Plan

Defined Contribution Plan

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