IRS Updates Model Rollover Notices to Reflect SECURE Act Changes
The notice also clarifies that plan administrators are not required to provide a Section 402(f) notice to a recipient of...
Tag: Internal Revenue Service (IRS)
IRS Updates Operational Compliance List for 2020
Items effective in 2020 include several provisions of the SECURE Act.
Opinions |
COVID-19 Compliance Corner: IRS Clarification of RMD Waivers and Extension of Rollover Deadline
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
What to Know About Potential Open MEP Conflicts
Attorneys say employers considering whether, and what type, of multiple employer plan (MEP) to join will want to closely monitor...
IRS Notice Details RMD Rollback Process Under CARES Act
IRS Notice 2020-51 answers questions regarding the waiver of required minimum distributions (RMDs) for 2020 under the Coronavirus Aid, Relief...
Opinions |
COVID-19 Compliance Corner: IRS Eases Spousal Consent Rules for 2020
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
IRS to Issue Opinion Letters for Pre-Approved Plans on June 30
An employer adopting a newly approved plan document will be required to do so by July 31, 2022.
IRS Allows for Remote Retirement Plan Participant Elections
The temporary relief is for retirement plan participant elections required to be witnessed by a plan representative or a notary...
IRS Provides Additional Deadline Relief to Plan Sponsors
Deadlines have been moved for single-employer and multiemployer DB plans and 403(b) plans, among others.
Opinions |
COVID-19 Compliance Corner: Deadline Extensions Provide Relief to Retirement Plan Sponsors
Each week, Carol Buckmann, with Cohen & Buckmann P.C., will explain legislative provisions or official guidance related to the COVID-19...
New IRS Revenue Procedure Sets 2021 HSA Limits
The revenue procedure also sets the deductible limits that define a high-deductible health plan for the year.
The IRS Will Be Looking at Catch-Up Contributions in 403(b) Plans
The agency published an issue snapshot explaining special catch-up contribution rules after issuing a program letter saying such contributions will...
Making Adjustments to Nonqualified Plans Not So Easy During Financial Crises
IRC Section 409A governs plan sponsor and participant decisions for nonqualified plans, and the COVID-19 pandemic will make plan design...
The RMD Waiver for RMDs Already Distributed
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning retirement plan administration and regulations.
Electronic Letter Ruling Requests Permitted by IRS
Instituted in response to the coronavirus pandemic, the dual paper and electronic filing policy will remain in effect until the...
Regulators Extend Time Frames for Special and COBRA Health Plan Enrollment
Extended time limits disregard the period from March 1 until 60 days after the announced end of the national emergency...
Remedial Amendment Periods for 403(b) Plans and DB Plans Extended
Plan sponsors now have until June 30 to update their pre-approved and individually designed 403(b) plan documents.
Tax Filing Relief Adds Time to Contribute to Benefit Plans
Individuals have more time to contribute to IRAs and HSAs, and employers have more time to contribute to their retirement...
IRS OKs HDHP Coverage of Coronavirus Testing
High-deductible health plans (HDHPs) will not lose their special status merely because they cover the cost of testing for or...
Signing and Retaining Plan Documents Is Essential
Following a memo warning retirement plan sponsors of potential disqualification, attorneys offer suggestions for plan document execution procedures.