Beginning April 26, 2023, articles will be posted to the Regulatory & Industry Announcements forum on our Community Lounge. You will need an account to view these articles. If you ...
The Consumer Financial Protection Bureau (CFPB) recently released its Winter 2023 special edition of Supervisory Highlights to focus on its supervisory work related to violations of the law in connection ...
On March 7, 2023, the IRS issued Notice 2023-23 providing relief to IRA providers for providing RMD statements for 2023, specifically for IRA owners who will attain age 72 in ...
“Affected taxpayers" who are victims of certain federally declared disasters are eligible for postponed deadlines for the completion of eligible time-sensitive acts, many of which are related to IRAs, employer ...
Following months of speculation, SECURE Act 2.0 was passed by Congress on Friday, December 23, 2022, as part of the federal government’s massive $1.7 trillion year-end spending bill. Much like ...
The long-awaited final version of the 2023 Form W-4R was released by the IRS late in the day on December 15, 2022. With this release date, to be compliant with ...
The IRS issued Notice 2022-55 announcing the 2023 cost-of-living adjustments (COLAs) applicable to dollar limitations for employer-sponsored retirement plans, including individual retirement arrangements (IRAs). The annual contribution limit was increased to ...
In February of 2022, the IRS released guidance that called for beneficiaries—under certain circumstances—to take annual required minimum distributions while also being subject to the new 10-Year Rule. The IRS ...
On September 16, 2022, the IRS posted a draft 2023 Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions. Effective January 1, 2023, payors are to provide Form W-4R, or ...
The IRS has posted additional guidance to address outstanding questions relating to the requirements for electronic and paper substitute forms for Forms W-4P, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions, and ...