fiduciary fitness
Deferred Gratification
Final section 409A regulations are complicated, but offer opportunities for advisers
Tag: Internal Revenue Service (IRS)
fiduciary fitness
457 Exemptions
IRS issues guidelines for deferred compensation arrangements maintained by tax-exempt entities or state or local governments
beyond (k)
403(b) aware
New 403(b) rules may offer opportunities for advisers to have a "client touch"
dean's list
Opportunity “Knocks”
The past year has brought with it an extraordinary amount of change to our industry.
Opinion Letter Program for 403(b) Plans Set to Launch April 1
An Internal Revenue Service (IRS) official said the agency has set April 1 as its target date for launching an opinion letter program for prototype and volume submitter...
IRS Debunks Frivolous Tax Arguments
The IRS has released the 2010 version of its “discussion”—and rebuttal—of many of the more common frivolous arguments made by individuals and groups that oppose compliance with federal...
IRS to Mail 401(k) Compliance Questionnaires
New York accounting firm Eisner LLP has issued a warning that the Internal Revenue Service (IRS) will begin sending questionnaires to 401(k) sponsors to gather information about their...
IRS 403(b) Expert Joins VALIC
VALIC has hired Robert J. "Bob" Architect, formerly senior tax law specialist and 403(b) guidance author in the Internal Revenue Service's Employee Plans Division, as vice president of...
New IRS Document Updates Determination Letter Procedures
The Internal Revenue Service (IRS) has updated its procedures for requesting determination letters on the qualified status of pension, profit-sharing, stock bonus, annuity, and employee stock ownership plans.
IRS Explains How to Fix 409A Document Woes
The Internal Revenue Service (IRS) has released an in-depth primer on how taxpayers can voluntarily better comply with regulations governing documents for nonqualified deferred compensation plans.
IRS Audit Project Finds Low Bonding Coverage Problem
When the Internal Revenue Service (IRS) put about 50 Form 5500 filings to the test recently, the plans filing the annual reports flunked on one major issue—buying enough...
IRS Offers Assurance until 403(b) Prototype Program Begins
The Internal Revenue Service (IRS) is offering a way for 403(b) plan sponsors to feel secure, until the new 403(b) Prototype Program begins, that their plan documents will...
IRS Delays Plan Amendment Timetable
The Internal Revenue Service (IRS) has given plan sponsors more time to adopt plan amendments to implement a variety of Pension Protection Act (PPA) requirements, including allowing participants...
IRS Issues Guidance on Complying with TARP and 409A
The Internal Revenue Service has issued guidance on the application of 409A(a) to changes made to nonqualified deferred compensation plans to comply with an advisory opinion of the...
403(b) Plans Show Confidence in Compliance
New research sponsored by AUL Retirement Services finds 403(b) plan sponsors are confident they understand their responsibilities and are not worried about IRS audits.
IRS Announces 2010 Taxable Wage Base for Permitted Disparity
The Internal Revenue Service has issued Revenue Ruling 2009-40, providing the table of covered compensation for the 2010 plan year for use in determining contributions to defined benefit...
403(b) Prototype Likely to Allow for Vesting Schedules
The Internal Revenue Service (IRS) is reportedly working on a final revenue procedure for Section 403(b) prototype plans that takes into account comments received.
IRS Sets Benefits Limits for 2010
The Internal Revenue Service has announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2010.
fiduciary fitness
Proceed with Caution
A sometimes overlooked provision applies when terminating 401(k) plans
IRS To Release 457 Plan Guidance
Officials from Treasury and the IRS have indicated that the IRS is planning to issue guidance on a number of issues involving Code Section 457 deferred compensation plans,...