IRS Seeks Recommendations for Priority Guidance
The Treasury Department and the IRS use the Priority Guidance Plan each year to identify and prioritize the tax issues...
Tag: IRS
IRS Sued over VCP Mismanagement
A federal district court recently denied the IRS’ motion to dismiss the suit.
Proposed Guidance Issued for Multiemployer Plan Suspension of Benefits
The IRS proposal would provide guidance about any employer that has withdrawn from the plan and entered into a “make-whole”...
IRS to Discuss Required Retirement Plan Changes
The agency is hosting a webinar about the 2015 Cumulative List.
IRS Provides Guidance About Mid-Year Safe Harbor Plan Changes
The guidance includes prohibited changes to a safe harbor retirement plan.
IRS Proposes Nondiscrimination Relief for Closed DBs
The proposed rule will help closed DB plans continue to satisfy minimum coverage and other testing requirements.
IRS Guidance Shows Anticipation of Pre-Approved 403(b) Plans
The IRS has issued updated procedures for requesting letter rulings and has made changes to VCP fees.
IRS Issues New User Fee Schedule for Employee Plans
The agency has added references to 403(b) pre-approved plans in its user fee guidance.
Guidance Issued About IRS Determination Letter Program
The IRS is making changes to the program in anticipation of its elimination.
Obergefell Decision Could Affect Retirement Plans
IRS guidance applies same-gender marriage court decision to retirement plans.
Form 5500 Will Dig Deeper Into Compliance
Some plan sponsors can answer the new compliance questions on paper, shielding them from public scrutiny online.
IRS Compliance Priorities for 2016 Similar to 2015
Current Internal Revenue Service employee benefit plan examinations initiatives heading into 2016 match closely the priories announced for the year...
IRS to Give Employee Plans Examinations Update
The agency will share examination program priorities for the new year, among other things.
(b)lines Ask the Experts – Correction for Mandatory Contribution Failures
“Our 403(b) plan has an employee mandatory contribution feature that is a condition of employment.
Final Market Rate of Return Rules Adopted for Hybrid Plans
The Internal Revenue Service is implementing new market rate of return rules for hybrid pension plans.
(b)lines Ask the Experts – When Hardship Suspensions Start
“I realized that, per our retirement plan safe harbor provisions for hardship distributions, elective deferrals from all of our retirement...
Enforcement, Pre-Approved Plans Among IRS 2016 Priorities
The Employee Plans unit will be issuing more compliance checks and reviewing submissions for pre-approved plan documents.
ERIC Asks IRS Not to Eliminate Determination Letters
The organization claims most large employers do not use predetermined or “off the shelf” retirement plan documents.
Final Rules for DB Minimum Required Contributions Issued
The guidance also contains final excise tax regulations applicable to both single-employer and multiemployer defined benefit plans.
IRS Offers Up Rules for MPRA-Related Benefit Reductions
The IRS published temporary regulations and proposed final regulations governing the process of reducing benefit payments by distressed multiemployer retirement...