Tag: Internal Revenue Service (IRS)

In a letter to the IRS, industry representatives say a couple of clarifications would help more DC plan participants take advantage of QLACs.

A common category of errors found by the IRS, 403(b) plans need to understand all provisions of the universal availability rules.

No comments were received regarding the proposed regulations, so the IRS finalized the proposed regulations, with a one-year delay of the applicability date.

The American Benefits Council explains in a letter to the IRS that more time is needed before they go into effect.

The IRS has sent a reminder that many tax-exempt organizations' Form 990 filing is due soon.

Rich McHugh discusses proposals in Congress and regulator initiatives that will affect the retirement plan industry.

A new correction method was introduced earlier this month.

The webcast will address treatment of different types of employees ways to fix universal availability errors, among other things.

Proposed rules providing nondiscrimination testing relief for certain DB plans is not affected.

The IRS is offering a new correction method for retirement plan sponsors that miss the deadline.

When working with tribal nations, building a solid relationship is the first and most important step.

The IRS now and again seeks industry input on what tax guidance to issue next, via its Priority Guidance Plan program. 

New research from Charles Schwab suggests tax season drives investors to focus more on financial planning and wealth management. 

The IRS says if a benefit formula applies solely to a highly compensated employee who is identified by name, it does not apply to a reasonable business classification.

The IRS has been accused of mismanagement of its VCP program.

Instructions from the IRS now tell plan sponsors to skip them.

New tool from Jackson and Morningstar offers advisers the ability to create client-specific tax illustrations in real time. 

Retirement plan advisers can assist plan sponsors in boosting awareness of the Saver’s Credit.

The IRS proposal would provide guidance about any employer that has withdrawn from the plan and entered into a “make-whole” agreement to provide participant benefits.