The IRS self-certification procedure allows taxpayers who fail to meet the 60-day rollover requirement to claim eligibility for a waiver.
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Types & Qualifications
Final Rules Permit Split Pension Benefits
The IRS issued new rules giving retirement plan participants greater flexibility in choosing how to receive their pension benefits.
2017 Pension Contribution Limits Announced
While many limits remained the same as 2016, some were raised to reflect cost-of-living increases.
Nondiscrimination Relief for Closed Defined Benefit Plans Extended
The IRS extended a relief provision that allows sponsors of closed defined benefit plans to comply with the nondiscrimination rules of Sec. 401(a)(4).
Defined Benefit Plan Participants Can Receive Lump Sum and Annuity Under New Rules
The Irs issued new rules giving retirement plan participants greater flexibility in choosing how to receive their pension benefits.
New DOL Rules Increase Scrutiny of IRA Trustee Fees
This column addresses issues facing IRA trustees.
Determining Investment in the Contract for Phased Retirement Distributions
The IRS issued guidance on how to determine the investment in contract for calculating certain retirement distributions.
Differences in Treatment for Nonqualified Deferred Compensation
A nonqualified deferred compensation plan allows
compensation earned in one year to be set aside and paid in a later year.
Agencies Propose Amendments to Employee Benefit Plan Reporting
Employee benefit plans will face new reporting requirements under extensive changes to Form 5500, Annual Return/Report of Employee Benefit Plan, proposed by the federal government.
How to Calculate the Investment in the Contract for Phased Retirement Distributions
The IRS explained how to calculate the investment in the contract for retirement benefits distributed while the employee is still working part time and that nonqualifying contracts could not take advantage of the same rules.
Final Regulations Change Allocation Rules for Roth IRA Rollovers
The regulations allow taxpayers to allocate pretax amounts to direct rollovers, rather than having to make pro rata allocations.
IRS Reinforces That ESOP Plan Document Terms Matter
An ESOP, like any tax-qualified plan, will only receive promised benefits if the employer follows all of requirements related to establishing and maintaining a tax-qualified
plan.
Regulations Would Permit Closed Pension Plans to Meet Nondiscrimination Rules
Employers would be able to maintain closed defined benefit plans without running afoul of nondiscrimination rules.
Roth IRA Planning
The opportunity to get more assets into Roth vehicles via various means has evolved over the last several years.
Closed Pension Plans Could Meet Nondiscrimination Rules
Employers will be able to maintain closed defined benefit plans without running afoul of the nondiscrimination rules of Sec. 401(a) under proposed regulations issued by the IRS.
IRS Guidance Explains Effect of Same-Sex Marriage on Health and Retirement Plans
The IRS released additional guidance on the effect of the Supreme Court’s same-sex marriage decision on qualified retirement plans and health and welfare benefit plans, including Sec. 125 cafeteria plans.
Current Developments in Employee Benefits and Compensation
This article details notable developments
in the PPACA and tax-qualified retirement plans.
MyRAs Now Available Nationwide
Treasury said eligible individuals nationwide may now open a new retirement account for people with earned income who may lack access to an employer-sponsored retirement plan.
2016 Pension Contribution Limits Issued
Because of low inflation this year, many limits remain unchanged, but some are increasing.
Identifying, Preventing, and Mitigating Common Retirement Distribution Planning Mistakes
Retirement accounts are subject to numerous and, often, complicated rules, and the penalties for failing to comply with these rules can be substantial.
INDIVIDUALS
Current Developments in Taxation of Individuals: Part 1
This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.
