Abusive Retirement Plans Make IRS “Dirty Dozen” List
The Internal Revenue Service (IRS) has compiled its annual list of “dirty dozen” tax scams, including “abusive” retirement plans.
Tag: IRS
Only 5% Plan to Put Tax Refund toward Retirement
A survey from Capital One Bank found that more than one-third (37%) of Americans plan to spend all or part of this year’s refund.
IRS Defines “Readily Tradable” Employer Securities
The Internal Revenue Service (IRS) issued a notice of guidance regarding employer securities held by certain qualified retirement plans.
IRS Provides Guidance on 403(b) Plan Terminations
The Internal Revenue Service (IRS) has provided clarification on how section 403(b) plan termination provisions apply.
IRS Fees Cut for Some EGTRRA Plan Document Filing
Sponsors applying to the Internal Revenue Services' (IRS) Voluntary Correction Program (VCP) may be able to save some money in the process.
IRS Rules ESOP not Tax Qualified
The U.S. Tax Court upheld a decision by the Internal Revenue Service (IRS) that an employee stock ownership plan (ESOP) and its employee stock ownership trust (ESOT) are not...
IRS Releases 2011 Covered Comp Tables
The Internal Revenue Service has issued Revenue Ruling 2011-3 with the table of covered compensation for the 2011 plan year.
IRS Corrects Hybrid DB Plan Rule
Federal officials have issued a corrected document on final regulations for hybrid defined benefit plans since a previous version contained errors “that may prove to be misleading and...
IRS Publishes Guidance on DB Funding Relief
The Internal Revenue Service (IRS) has published guidance on the special rules on funding relief for single-employer defined benefit plans.
IRS to Hold In-Plan Roth Rollover Phone Forum
The Internal Revenue Service (IRS) has announced plans for a telephone forum to discuss recent guidance on in-plan Roth rollovers for 401(k) and 403(b) plans.
IRS Allows for Commingling of Assets in Group Trusts
The Internal Revenue Service has issued Revenue Ruling 2011-01, modifying the rules for group trusts.
IRS Publishes Changes in Plan Qualification Requirements
The Internal Revenue Service has issued Notice 2010-90, which provides a cumulative list of changes in plan qualification requirements.
IRS Issues Multi-Employer Amortization Extension Procedure
A new Internal Revenue Service (IRS) procedure (2010-52) details the process by which mutli-employer plans can request a five or 10-year extension of the deadline for amortizing unfunded...
IRS Offers Additional 409A Relief
The Internal Revenue Service has issued Notice 2010-80 providing additional relief for nonqualified deferred compensation plans covered under § 409A.
IRS Offers Roth 401(k), 403(b) Guidance
On Friday the IRS issued Notice 2010-84, containing guidance for 401(k) and 403(b) plans about in-plan Roth rollovers.
Minor Loses Battle over 401(k) Distribution Taxes
A federal court upheld a lower court ruling that the child of a woman who pleaded guilty to killing the child’s father is liable for federal income tax...
IRS Provides Guidance on Pre-Approved IRAs
In Revenue Procedure 2010-48, the Internal Revenue Service (IRS) provides guidance to drafters and users of pre-approved IRAs.
IRS: No Mandatory Withholding for In-plan Roth Rollovers
Plan sponsors who are allowing direct Roth rollovers from 401(k) and 403(b) plans don’t have to worry about mandatory withholding for those “distributions.”
Employee Stock Reporting Deadlines Approaching
The Internal Revenue Service (IRS) released final versions of Form 3921 and 3922 on which employers are required to report information relating to incentive stock options (ISO) and...
Questions About Hybrid Plan Regulations?
Looking for insights on those new hybrid plan regulations?