IRS Answers Questions on Taxability of Roth Conversions
In Notice 2009-75, the Internal Revenue Service provides guidance in the form of a Q&A on the tax treatment of eligible rollover distributions from qualified plans into a...
Tag: Internal Revenue Service (IRS)
IRS Distributes Final 401(a)(9) RMD Qualification Rule
Federal tax officials have put out a final rule (TD 9459) allowing government plans carrying out 401(a)(9) required minimum distributions to prove their compliance with a reasonable and...
Obama Administration Launches Retirement Savings Initiatives
As the nation turns its attention to the three-day Labor Day weekend, the White House is talking about retirement security.
AXA to Join IRS 403(b) Prototype Program
AXA Equitable Life Insurance Company announced its intent to participate in the Internal Revenue Service's (IRS) 403(b) prototype program.
Helping Sponsors Prepare for Initial 403(b) Plan Reporting
Many 403(b) plan sponsors are facing for the first time not only Form 5500 reporting, but a plan audit if the plan covers 100 or more participants.
Mercer Says Plan Limits Could Drop
Plan sponsors might want to prepare for the possibility of retirement plan limits dropping for 2010, Mercer said.
UBS Hands over 4,450 Names
UBS AG agreed to provide 4,450 names of U.S. account holders to settle a tax-evasion lawsuit, according to news reports.
Fiduciaries Might Need to Report Foreign Plan Investments
Retirement plan fiduciaries may have another acronym to worry about—FBAR—which is another name for the Report of Foreign Bank and Financial Accounts.
IRS Finalizes List of 403(b) Documents Declared Out-of-Date
The Internal Revenue Service (IRS) has finalized its list of guidance documents issued in the last 45 years dealing with 403(b) plans declared obsolete in light of the...
IRS Adds Tools To Help Prepare for Plan Audits
The Internal Revenue Service (IRS) has recently added updated tools to its Employee Plan Team Audit (EPTA) Web site.
Trade Groups Comment on 403(b) Prototype Program
The deadline for comments on the Internal Revenue Service’s proposal for a 403(b) plan document prototype program was June 1, and trade groups and industry providers had a...
SPARK Offers Suggestions for 403(b) Prototype Program
The SPARK Institute submitted a comment letter to the Internal Revenue Service (IRS) commending it on the proposed 403(b) plans prototype program, and requesting changes that it says...
Court Finds 401(k) Loan Not a “Necessary Expense″
The repayment of a 401(k) loan may be a real debt obligation, but it’s not a “necessary expense″ for bankruptcy purposes, according to a recent court decision.
Options Web Site Updates Tax Content
The myStockOptions.com Web site has updated its content about the effects of recent federal tax law changes on stock compensation programs.
Regulators Release Auto-Enroll Info for Small Employers
The U.S. Department of Labor (DoL) and the Internal Revenue Service (IRS) released a new publication to help small employers understand automatic enrollment for 401(k) plans.
beyond (k)
Correction Appended
The IRS offers ways for deferred compensation plans to correct mistakes voluntarily