On May 23, 2019, the House of Representatives have passed H.R. 1994, known as the SECURE Act, a bill that aims to improve the nation’s retirement savings, moving it a ...
Pursuant to the Regulatory Flexibility Act, agencies are required to consider the impact of their rules on small entities and to conduct a review of how these rules may have ...
On March 29, 2019 new IRA legislation was introduced, The Setting Every Community up for Retirement Enhancement (SECURE) Act of 2019. The legislation was approved by committee on April 2, ...
On March 12, 2019, the Consumer Financial Protection Bureau (“CFPB”) published the 18th edition of its Supervisory Highlights. The purpose of the Supervisory Highlights is to aid CFPB supervised entities ...
The IRS posted updated versions of Form 1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.), Form 5498 (IRA Contribution Information), and updated instructions for these ...
The IRS posted updated Publication 590-A for Contributions to Individual Retirement Arrangements (IRAs). This publication provides guidance for taxpayers on IRA contributions to prepare their 2018 tax returns. Link to ...
The IRS released Revenue Procedure 2018-58, which updates Revenue Procedure 2007-56, that provides for an updated list of time-sensitive acts that may be postponed for individuals affected by a federally ...
The IRS issued Notice 2018-83 announcing the 2019 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 ...
The Department of Labor has proposed a regulation to expand access to affordable quality retirement saving options by clarifying the circumstances under which an employer group, association, or professional employer ...
The Internal Revenue Service (IRS) issued a notice of proposed rulemaking relating to penalties for failure to file correct information returns or furnish correct payee statements. These payee statements include ...