IRS

Industry & Regulatory News

IRS Announces Applicable Federal Rates for May

The IRS has issued Revenue Ruling 2024-09, which contains the applicable federal rates (AFR) for May 2024.

April 17 2024

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Oregon Severe Storms

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 13, 2024, for Oregon severe winter storms, straight-line-winds, landslides, and mudslides, for the incident period of January 10, 2024–January 22, 2024.

April 15 2024

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for California Severe Storms

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 13, 2024, for California severe winter storms, tornadoes, flooding, landslides, and mudslides for the incident period of January 31 – February 9, 2024.

April 15 2024

Industry & Regulatory News

IRS Issues Yield Curves and Segment Rates for DB Plan Calculations

The Internal Revenue Service has issued Notice 2024-34, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.

April 11 2024

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Alaska Severe Storm, Flooding, and Landslides

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on April 6, 2024, for Alaska severe storm, flooding, and landslides, for the incident period of November 20, 2023.

April 08 2024

Industry & Regulatory News

IRS Announces Deadline Relief for Maine Severe Storms and Flooding

The IRS has announced the postponement of certain tax-related deadlines for victims of Maine severe storms and flooding.

April 05 2024

Industry & Regulatory News

Agencies Extend Comment Deadline on Reporting and Disclosure RFI Under SECURE 2.0

The Department of Treasury, the Department of Labor, and the Pension Benefit Guaranty Corporation have extended the deadline for comments related to a Request for Information (RFI) released in January pursuant to Section 319 of SECURE 2.0.

April 03 2024

Industry & Regulatory News

IRS Announces Deadline Relief for Alaska Severe Storms, Landslides, and Mudslides

The IRS has announced the postponement of certain tax-related deadlines for victims of Alaska severe storms, landslides, and mudslides.

March 27 2024

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Rhode Island Severe Storms and Flooding

The Federal Emergency Management Agency (FEMA) issued disaster declaration 4765 and 4766 on March 20, 2024, for Rhode Island severe storms and flooding, for the incident periods of December 17-19, 2023, and January 9-13, 2024.

March 21 2024

Industry & Regulatory News

Retirement Plan Disaster Assistance May Be Available for Maine Severe Storms and Flooding

The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 20, 2024, for Maine severe storms and flooding, for the incident period of January 9 – 13, 2024.

March 21 2024