A Little Friday File Fun

And now it's time for FRIDAY FILES!

In West Columbia, South Carolina, a man walked into a Waffle House at 3 a.m. and found only one employee in there, whom he says was napping. So, he went behind the counter and cooked his own meal, then left. He admitted to WIS-TV that he was ineb.riated and that he returned later to the restaurant to pay for his meal. The sleeping employee was suspended for one week.

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In South St. Paul, Minnesota, police recently received a letter and $1,000 from an anonymous man. Apparently, the sender of the letter sped off after hitting a parked car more than 30 years ago. The Pioneer Press reports that the note says the driver hit a parked car one evening in 1985 or 1986. The sender expressed remorse and requested police try to track down the vehicle’s owner. The note says the money could be donated to a police charity if the victim isn’t located. “I am sorry for any inconvenience that I have caused and I ask for your forgiveness,” the letter says.

In South Portland, Maine, many Christmas shoppers will be delighted to find out their gifts are already paid for. According to WGME-TV, representatives for a Toys R Us store say a husband and wife stopped in to pay off $10,000 in layaway orders for other families. The couple is local and desired to remain anonymous. The money is enough to pay off the balance on about 100 layaway accounts.

In South Hackensack, New Jersey, police pulled over a woman when they noticed a mass transit sign poking out of the roof of her car. The Associated Press reports that the woman didn’t even notice it was there, but police say the sign got stuck in the vehicle when the driver was in Secaucus. Yes, alc.ohol was involved.

In Northport, New York, a woman arrived at a courthouse, pulled into a parking lot, cut off an unmarked police car then parked in a spot clearly identified as reserved for the village’s police chief. According to the Associated Press, when officers asked the woman to roll down her window, pot smoke billowed out. She was at court to face a charge of unlawful possession of mari,juana, and police gave her a second ticket for the same offense.

In Maplewood, New Jersey, a family leaves candy, snacks, tissues, hand warmers and other goodies outside their door every year for delivery people. But, this year, hours after setting them outside their home, they noticed things had been stolen. According to the Associated Press, The thief seemed to be targeting the priciest stuff, including about 25 squares of Ghirardelli chocolate. The family set up a surveillance camera and found the culprit—a very plump squirrel.
Present-wrapping tricks.

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This is very similar to how I react when I see a spider.

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Every college band could use this grandma’s enthusiasm and skills at a football game.

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2017 Required Amendments List Issued by IRS

The agency began issuing these lists when it ended the determination letter program for individually designed retirement plans.

The Internal Revenue Service (IRS) issued Notice 2017-72 containing the required amendments list for 2017 (2017 RA List).

In Revenue Procedure 2016-37 the agency eliminated, as of January 1, 2017, the five-year remedial amendment cycle system for individually designed plans, and also provided that the Department of the Treasury and the IRS intend to publish annually an RA List.

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The agency notes that an RA List does not include guidance issued or legislation enacted after the list has been prepared and also does not include:

  • Statutory changes in qualification requirements for which the Treasury Department and the IRS expect to issue guidance (which would be included on an RA List issued in a future year);
  • Changes in qualification requirements that permit (but do not require) optional plan provisions (in contrast to changes in the qualification requirements that cause existing plan provisions, which may include optional plan provisions previously adopted, to become disqualifying provisions); or
  • Changes in the tax laws affecting qualified plans that do not change the qualification requirements under Section 401(a) of the Employee Retirement Income Security Act (ERISA) (such as changes to the tax treatment of plan distributions, or changes to the funding requirements for qualified plans).

The 2017 RA List is light on items. It is divided into two parts. Part A covers changes in qualification requirements that generally would require an amendment to most plans or to most plans of the type affected by the change. Listed under Part A are final regulations regarding cash balance/hybrid plans and benefit restrictions for certain defined benefit (DB) plans that are eligible cooperative plans or eligible charity plans described in section 104 of the Pension Protection Act (PPA).

Part B includes changes in qualification requirements that the Treasury Department and the IRS anticipate will not require amendments to most plans, but might require an amendment because of an unusual plan provision in a particular plan. The list only mentions final regulations regarding partial annuity distribution options for DB plans.

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