IRS

The industry asked for and received a delay in the rule from the IRS in 2023. Now that it's going into effect, here are the key implications for sponsors and savers.

Planners can help savers avoid higher taxes, IRS penalties and Medicare headaches by guiding them through the strict guidelines for the accounts.

Although new guidance expands the ability to self-correct, plan sponsors and administrators should promptly correct errors in accordance with EPCRS principals.

The IRS and Labor Department issued guidance on the new savings vehicles, but advisers have questions.

Retirement plan sponsors and advisers receive guidance from the IRS on how to legally incentivize plan participation.

The challenges and opportunities of required Roth contributions are taking a backseat for now to legislative and operational messes from the Secure 2.0 law.

Thanks to new adjustments from the IRS, Americans can put significantly more savings in their 401(k)s next year. But will they?

The initial direct deposits of the second round of economic impact payments are already going out to taxpayers.

The Internal Revenue Service is giving taxpayers until the end of the year before it stops its temporary procedures for faxing in Forms 1045 and 1139 for claiming tentative tax refunds.

The Internal Revenue Service projects that lower levels of employment in the U.S. could persist for years, showcasing the economic fallout of the coronavirus pandemic.

If the court ends up making this choice, intended family members may lose out — all for want of filling out a one-page form.

It won’t count as income to employees, but they also won’t be able to deduct it.

These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.

This rise of the so-called grey divorce has created a number of uncommon and complex issues for retirement accounts.

While seasoned employees won’t have to fill out the forms, all employees should be aware of how their tax situation may be affected.

Buyout amounts are high right now, but there are many other factors to consider when guiding employees to the right choice.

The latest move has repercussions for employees’ retirement plans, and employers in the middle of open enrollment.

These new changes make requirements more flexible and participant-friendly for those with 401(k) and 403(b) plans.

Retirees often only take distributions when they are forced to do so because of the IRS’ RMD rules, an expert says.

An employer’s ability to obtain an updated letter for an individually designed plan has been curtailed in recent years, after the IRS limited the program to only newly adopted or terminating plans.