Industry & Regulatory News
New Withholding Form to Be Used for 2022
The IRS has made available a 2022 tax year draft Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments, and indicates that the form…
Industry & Regulatory News
IRS Issues Deadline Relief for Texas Victims of Winter Storms
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Texas winter storm victims. The tax relief postpones various tax…
In the News
Peg Creonte Discusses the Benefits of 529 Apps
In a recent MONEY article, Government Savings President Peg Creonte discusses how 529 savings apps, particularly Ascensus’ READYSAVE™ 529, bring a new convenience to college savings….
Industry & Regulatory News
IRS Details Additional Temporary Guidance for Cafeteria Plans
The IRS has issued Notice 2021-15, providing additional guidance and flexibility to employee benefit plans offering health FSA and dependent care arrangements. Because of COVID-19,…
Industry & Regulatory News
IRS Confirms Late Mailing of Notices for 2019 Forms 5500 Series Extension Approvals
The IRS has announced in an Employee Plans News bulletin that processing requests for an extension of time to file 2019 Forms 5500 series returns…
Industry & Regulatory News
Retirement Spotlight: Missing Participants – Prevention is the Best Cure
When employers start a retirement plan, they may ask who should be eligible to participate, what kind of contributions should be made, and how and…
Industry & Regulatory News
Retirement Spotlight: IRS Aims to Clarify 60-Day Postponement Rule for Federally Declared Disasters
At the end of 2019, the Internal Revenue Code (IRC) was amended to create a mandatory 60-day postponement for certain federal tax-related deadlines in the…
Industry & Regulatory News
Pandemic Relief Package Includes Multiple Retirement, Health Benefit Provisions
Legislation proposed by the House Ways and Means Committee to provide COVID-19 pandemic relief and economic stimulus includes several items that would affect retirement and…
Industry & Regulatory News
IRS Updates FAQs on Employer Tax Credits for COVID-Related Paid Leave
On January 28, 2021, the IRS posted updated Frequently Asked Questions (FAQs) on COVID-19-related employer tax credits for paid leave that is provided by certain…
Industry & Regulatory News
DOL Proposes Delay of Effective Date for Independent Contractor Final Regulations
The Department of Labor (DOL) Wage and Hour Division has proposed a delay of the effective date for final regulations on independent contractor status, regulations…