A taxpayer’s end run around an IRA custodian does not result in a taxable IRA distribution.
Types & Qualifications
Due to “extremely low” demand and high costs, the Treasury Department announced that it is ending the myRA retirement savings program.
The IRS could not recharacterize, under the substance-over-form doctrine, commissions paid by a DISC to two Roth IRAs as dividends..
The IRS self-certification procedure allows taxpayers who fail to meet the 60-day rollover requirement to claim eligibility for a waiver.
The IRS issued new rules giving retirement plan participants greater flexibility in choosing how to receive their pension benefits.
While many limits remained the same as 2016, some were raised to reflect cost-of-living increases.
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).
The Irs issued new rules giving retirement plan participants greater flexibility in choosing how to receive their pension benefits.
The IRS issued guidance on how to determine the investment in contract for calculating certain retirement distributions.
This column addresses issues facing IRA trustees.
A nonqualified deferred compensation plan allows compensation earned in one year to be set aside and paid in a later year.
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.
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.
The regulations allow taxpayers to allocate pretax amounts to direct rollovers, rather than having to make pro rata allocations.
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.
Employers would be able to maintain closed defined benefit plans without running afoul of nondiscrimination rules.
The opportunity to get more assets into Roth vehicles via various means has evolved over the last several years.
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.
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.
This article details notable developments in the PPACA and tax-qualified retirement plans.