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Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Oklahoma Severe Storms, Straight-line Winds, and Tornadoes
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 24, 2023, for Oklahoma severe storms, straight-line winds, and tornadoes, for the incident period of April 19, 2023 – April 20, 2023.
Industry & Regulatory News
IRS Announces Deadline Relief for Oklahoma Severe Storms, Straight-line Winds, and Tornadoes
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and tornadoes in Oklahoma. The tax relief postpones various tax filing deadlines that began on April 19, 2023. Affected individuals and households who reside or have a business in McClain and Pottawatomie counties, as well as taxpayers with records located in the covered area that are needed to meet covered deadlines, qualify for relief.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Texas Severe Winter Storm
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 21, 2023, for a severe winter storm in Texas, for the incident period of January 30, 2023 – February 2, 2023.
Industry & Regulatory News
IRS Announces Cycle 4 Pre-approved Plan Submission Period
The April 20, 2023, publication of Employee Plans News provides details for plan document restatement deadlines.
Industry & Regulatory News
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The IRS has issued Notice 2023-33, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Industry & Regulatory News
IRS Announces Deadline Relief for Indiana Severe Storms, Straight-line Winds and Tornadoes
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and tornadoes in Indiana.
Industry & Regulatory News
IRS Posts 2023 Draft Form 8889 for HSA Reporting
The IRS has posted a draft 2023 tax year Form 8889, Health Savings Accounts (HSAs).
Industry & Regulatory News
IRS Announces Applicable Federal Rates for May 2023
The IRS has issued Revenue Ruling 2023-09, which contains the applicable federal rates (AFR) for April 2023.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Indiana Severe Storms, Straight-line Winds, and Tornadoes
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 15, 2023, for severe storms, straight-line winds, and tornadoes in Indiana, for the incident period of March 31, 2023, – April 1, 2023.
Industry & Regulatory News
DOL, IRS and HHS Release FAQs about ACA and CARES Implementation
The DOL, IRS and HHS (“the Departments”) have released a set of FAQs that explain their position on coverage of preventive services and vaccines in light of a recent court decision.