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Industry & Regulatory News
IRS Announces Deadline Relief for Texas Storms and Flooding
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, and flooding in Texas until February 2, 2026.
Industry & Regulatory News
IRS Posts Draft 2025 Instructions for Form 5329
The Internal Revenue Service (IRS) has posted an updated draft 2025 Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, following last month’s release of the draft 2025 Form 5329.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Texas Storms and Flooding
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on July 6, 2025, for Texas severe storms, straight-line winds, and flooding, for the incident period of July 2, 2025, and continuing.
Industry & Regulatory News
DOL Sends PEP Item to OMB
The Department of Labor has released a prerule item titled “Pooled Employer Plans” (PEPs) to the Office of Management and Budget for review.
Industry & Regulatory News
IRS Posts Draft Form 4972, Used to Claim Special Tax Treatment for Employer Plan Distributions
The IRS has posted 2025 tax year draft Form 4972, Tax on Lump-Sum Distributions (From Qualified Plans of Participants Born Before January 2, 1936).
Industry & Regulatory News
Kies Confirmed as Assistant Secretary for Tax Policy
The Senate voted to approve the nomination of Ken Kies as the assistant secretary for tax policy at the Treasury by a vote of 53-45.
IRS Announces Deadline Relief for Missouri Storms
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, straight-line winds, tornadoes, and flooding in Missouri until November 3, 2025.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Tennessee Storms
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on June 19, 2025, for Tennessee severe storms, straight-line winds, tornadoes and flooding, for the incident period of April 2 – April 24, 2025.
Industry & Regulatory News
IRS Announces Applicable Federal Rates for July
The IRS has issued Revenue Ruling 2025-13 which contains the applicable federal rates (AFR) for July 2025.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for Mississippi, Missouri, Oklahoma, and Texas
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration for the following disasters for the period indicated.