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.
Tag: IRS
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?
IRS Lays Out its Employee Plans Agenda
When it comes to employee benefit plans, the Internal Revenue Service (IRS) has laid out its work plan for next year.
IRS Erred with Form 5500 Extension Requests
The Internal Revenue Service announced that some requests for an extension of Form 5500 filing have been inadvertently denied and plan sponsors received denial letters in error.
IRS Announces 2011 Benefit Limits
The Internal Revenue Service (IRS) on Thursday announced that the 2011 deferral limit for 401(k), 403(b) or 457(b) plans and the federal government’s Thrift Savings Plan is unchanged...
IRS Issues Rules on Hybrid Retirement Plans
The Internal Revenue Service issued proposed and final regulations concerning hybrid retirement plans.
IRS Seeks Roth 401(k) Input
The Internal Revenue Service (IRS) is looking for some input on Roth 401(k)s.
Perspective: Sweaty Palms and Constricted Throats (part 2)
When the IRS points out retirement plan mistakes, avoid the ‘flight or fight’ urge
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.
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.