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Industry & Regulatory News
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations
The Internal Revenue Service has issued Notice 2024-29, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Industry & Regulatory News
IRS Announces Deadline Relief for Severe Storms in San Diego
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms and flooding in San Diego, California.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for New Hampshire Severe Storm
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on February 27, 2024, for New Hampshire severe storm and flooding, for the incident period of December 17 – December 21, 2023.
Industry & Regulatory News
IRS Delays Electronic Filing Requirement for Form 1042
The IRS has issued Notice 2024-26, providing an administrative exemption from the electronic filing requirement for Form 1042, Annual Withholding Tax Return for U.S. Source Income of Foreign Persons, otherwise required to be electronically filed in calendar year 2024.
Industry & Regulatory News
IRS Announces Deadline Relief for Michigan Severe Storms, Tornadoes, and Flooding
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, tornadoes and flooding in Michigan.
Industry & Regulatory News
Retirement Plan Disaster Assistance May Be Available for California Severe Storm and Flooding (1)
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on February 19, 2024, for California severe storm and flooding, for the incident period of January 21, 2024–January 23, 2024.
Industry & Regulatory News
IRS Announces Applicable Federal Rates for March
The IRS has issued Revenue Ruling 2024-04, which contains the applicable federal rates (AFR) for March 2024.
Industry & Regulatory News
IRS Issues Yield Curves and Segment Rates for DB Plan Calculations (22)
The Internal Revenue Service (IRS) has issued Notice 2024-24, which contains updated guidance on factors used in certain defined benefit (DB) pension plan minimum funding and present value calculations.
Industry & Regulatory News
Retirement Spotlight: IRS Releases Final Guidance on Penalty Exceptions for Failure to File Correct Information Returns or Furnish Payee Statements
The Internal Revenue Service (IRS) has released final regulations that provide de minimis error safe harbor exceptions to penalties for failure to file correct information returns or furnish correct payee statements.
Industry & Regulatory News
Bill Introduced to Require PBGC to Recover Special Financial Assistance Overpayments
Senator Bill Cassidy (R-LA), ranking member of the Senate Health, Education, Labor, and Pensions Committee, and Rep. Virginia Foxx (R-NC), chair of the House Education and the Workforce Committee, introduced the GHOST Act.