Automatic IRA Act Introduced in Senate

By Ascensus April 24, 2007

April 23, 2007 –Senators Gordon Smith (R-Ore.) and Jeff Bingaman (D-N.M.) have introduced in the Senate the Automatic IRA Act (S. 1121). The bill would…

Northeastern States Tax Filing Deadline

By Ascensus April 20, 2007

April 18, 2007 – Earlier this week, the IRS issued news release IR-2007-89 postponing the April 17, 2007, tax return filing deadline to midnight April…

IRS Says MSA Program Not Yet Closed

By Ascensus April 19, 2007

April 18, 2007 – The IRS has issued Announcement 2007-44 stating that the number of Archer medical savings accounts (MSAs) has not reached the threshold…

May 2007 Interest Rates

By Ascensus April 17, 2007

April 17, 2007 – The IRS has released the applicable federal interest rates for May 2007 as posted in Revenue Ruling 2007-29. These rates are…

IRS Posts Updated 403(b) Plan Publication

By Ascensus April 13, 2007

April 13, 2007 – The IRS has posted an updated April 1007 version of Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans), which provides a general…

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