IMHO: Compliance 'Deportment'
Recently, the Internal Revenue Service (IRS) announced that it was sending a questionnaire out to about a thousand 401(k) plan sponsors.
Tag: Internal Revenue Service (IRS)
HSA Limits Stay the Same for 2011
The Internal Revenue Service (IRS) has announced that 2011 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under §223 of the Internal Revenue Code are unchanged...
IRS Provides 401(k) Compliance Check Details
The Internal Revenue Service (IRS) said a random sample of 1,200 401(k) plan sponsors will be notified this week that they have been selected to fill out an...
Perspective: Sweaty Palms and Constricted Throats
The Internal Revenue Service (IRS) identifies the most common mistakes by 401(k) plans.
IRS Issues Final Regs on Diversification Requirements for Company Stock
The Internal Revenue Service is issuing final regulations under section 401(a)(35) of the Internal Revenue Code (Code) relating to diversification requirements for certain defined contribution plans holding publicly...
60-Day Rollover Requirement Doesn't Apply to Check Made to New Plan
The Internal Revenue Service has ruled that the 60-day rollover requirement is not applicable to a plan distribution check made payable to a second plan's sponsor.
IRS Offers Determination Letter Program Insights
The Internal Revenue Service (IRS) is conducting an audio forum on its new determination letter program for qualified plans.
fiduciary fitness
Deferred Gratification
Final section 409A regulations are complicated, but offer opportunities for advisers
beyond (k)
403(b) aware
New 403(b) rules may offer opportunities for advisers to have a "client touch"
fiduciary fitness
457 Exemptions
IRS issues guidelines for deferred compensation arrangements maintained by tax-exempt entities or state or local governments
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...