Browsing Tag
Internal Revenue Service (IRS)
98 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.
Missing Participants and Fiduciary Responsibilities: A Risk for TPAs
The Department of Labor (DOL) is aggressively investigating the practices and procedures of plan sponsors with respect to…
401(k) Filing Relief for California Wildfire Victims
In the wake of the most destructive California wildfire season on record, the Department of Labor (DOL) has…
IRS Reveals 401(k), IRA Contribution Limits For 2019
401(k) contribution limits rise to $19,000 in 2019, helping employees save more for retirement with updated IRA and Roth IRA limits.
401k Match on Student Loan Repayments: Godsend or Mixed Blessing?
In a Private Letter Ruling (PLR), the IRS has recently sort of, kind of, maybe, in special circumstances…
IRS Saves Trees, Goes Paperless for 401k Filing Correction Program
Since 2002, the Internal Revenue Service has allowed plan sponsors to voluntarily identify and correct certain various types…
Will Student Loan Match Disrupt 401k Plans’ Tax Benefits?
Recent research has shown almost half of American workers are making student loan payments—whether on their own student…
Drinker Biddle: 6 Critical Questions About 401(k) Loans
This a friendly reminder to pass on to your plan sponsor clients: even if your 401(k) or 403(b)…
IRS Releases 401(k), IRA Contribution Limits For 2018
401k contribution limits rise to $18,500 in 2018, with IRA income phase-outs adjusted. Learn how the new rules impact your retirement savings.
401(k) Filing Relief for Hurricane Irma Victims
As expected, the Department of Labor has announced employee benefit plan compliance guidance and relief for victims of…
Hurricane Irma Victims Receive IRS Tax Filing Help
Hurricane Irma Tax Relief gives individuals and businesses more time with IRS filing extensions and payment deadline postponements.