Industry & Regulatory News
In response to President Trump’s Executive Order, Improving Price and Quality Transparency in American Healthcare to Put Patients First, the IRS, Department of Labor, and…
Industry & Regulatory News
Today’s Federal Register includes IRS final regulations providing updated life expectancy tables. These tables are to be used when calculating required minimum distributions (RMDs) from…
Industry & Regulatory News
The IRS has issued a pre-publication version of final regulations containing guidance and life expectancy tables to be used in the calculation of required minimum…
Industry & Regulatory News
The IRS has issued Revenue Ruling (Rev.Rul.) 2020-23, which describes the status and tax treatment of certain 403(b)(7) custodial accounts belonging to participants or beneficiaries…
Industry & Regulatory News
Senator Patrick Toomey (R-PA), has introduced S. 4820, legislation that would permit tax-free retirement savings distributions of up to $2,500 per year—indexed for inflation—that are…
Industry & Regulatory News
The Internal Revenue Service has issued final regulations for Achieving a Better Life Experience (ABLE) accounts. These accounts can help eligible individuals (known as designated…
Industry & Regulatory News
The Department of Labor today posted on its website a final rule prescribing fiduciary obligations when selecting plan investments—guidance initially focused on restricting the use…
Industry & Regulatory News
Companies that use independent contractors can cut costs and boost productivity. But some businesses have run afoul of federal and state laws by classifying workers…
Industry & Regulatory News
On October 26, 2020, the IRS published Revenue Procedure (Rev. Proc.) 2020-45, which provides the 2021 inflation-adjusted amounts for various provisions of the Internal Revenue…
Industry & Regulatory News
The IRS has issued Announcement LA-2020-05, which describes the postponement of deadlines for victims of Hurricane Delta, damage from which began on October 6, 2020….