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.
Tag: IRS
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IRS Finalizes List of 403(b) Documents Declared Out-of-Date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
fiduciary fitness
The IRS Responds to Sponsors’ Cries
Suspension or reduction of nonelective contributions under safe harbor 401(k) plans
fiduciary fitness
Calling It Quits
The rules surrounding plan partial terminations after workforce reduction