Browsing Tag
Internal Revenue Service (IRS)
100 posts
The Internal Revenue Service (IRS) is the U.S. federal agency responsible for administering and enforcing tax laws. It collects taxes, processes tax returns, issues refunds, and ensures compliance with federal tax obligations. Operating under the Department of the Treasury, the IRS also provides taxpayer assistance, develops regulations, and combats tax fraud.
Help Form the Open MEPs Rule: IRS Seeking Input for Dec. 11 Hearing
If you have something to say about the IRS proposed rule on Multiple Employer Plans, speak soon or…
Adopted as Proposed: IRS Finalizes 401k Hardship Distribution Regulations
401k participants who experience “an immediate and heavy financial need” will be allowed to access funds from their…
Top 10 IRS Areas of Focus in Retirement Plan Investigations
Areas of Focus: Slideshow The Internal Revenue Service (IRS) has primary jurisdiction over the qualified status of retirement…
IRS: One Bad Apple Can’t Spoil a 401(k) MEP Bunch
One bad apple shouldn’t spoil the whole bunch. That’s the thinking behind the Treasury Department/IRS’s new proposed regulation…
IRS Expands Retirement Plan Determination Letter Program
IRS Determination Letter ensures retirement plan compliance with IRS rules, offering reassurance for sponsors and employees alike.
IRS Announces HSA Contribution Limits for 2020
IRS confirms HSA annual contribution limits will increase $50 to $3,550 for self-only coverage and by $100 to $7,100 for family coverage for 2020.
High-Tech Lowlife: Colorado CEO Convicted of 401(k) Fraud
A chief executive of two technology companies located in Denver, Colorado was found guilty of a host of…
Top 10 Senior Scams (And the Billions they Cost)
Older Americans lose a staggering $2.9 billion a year to financial exploitation schemes as a new study shows retirement account scams tripled in 2018.
3 Steps to Better Tax Treatment of Missing 401(k) Funds
What happens when 401(k)s are orphaned by employees? Like any other unassigned assets, they’re transferred to the states…
7 Situations When HSA Contributions Can Be Returned: Marcia Wagner
Certain situations allow for an employer to request the return of Health Savings Account (HSA) contributions it made…