Both the IRS and Department of Labor have provided their own guidance for tax-related deadline relief to those affected by the wildfires in certain California counties.
Read MoreHigher education expenses can be overwhelming, even for the most diligent 529 account savers. Some of your clients may want to consider supplementing their education savings with Roth IRA savings to help pay for college.
Read MoreLooking for another reason to promote the HSA as a key financial planning tool for a more secure retirement? Consider sharing with your clients how they may be able to use their HSA savings to pay for long-term care expenses.
Read MoreThe IRS has modified its Voluntary Correction Program procedures under the Employee Plans Compliance Resolution System in a move to electronic filing and fee payments beginning in April 2019.
Read MoreThe IRS has updated its list of tax-related time-sensitive acts that may be postponed due to federally-declared disasters or service in the Armed Forces.
Read MoreIRS Notice 2018-90 extends the transition period to January 1, 2020, for satisfying withholding and reporting requirements when paying out an abandoned IRA to the state.
Read MoreHow can Coverdell ESA assets be moved? Can ESA assets be moved after the child turns age 18? Who is a qualified family member for ESA purposes?
Read MoreHow is compensation defined for 401(k) plan purposes? How does the definition affect compliance testing? What time period is used for defining compensation?
Read MoreThe Roth IRA is 20 years old and still growing. Discover the latest trends, most recent statistics, and current developments surrounding this unique retirement savings tool.
Read MoreIt’s been 20 years since the Roth IRA was created. Here are some quick facts about this popular retirement savings vehicle.
Read MoreThe Roth IRA has evolved over the past 20 years as a result of its legislative history. Take a look at some of the more significant legislative developments since the Roth IRA was created.
Read MoreThe “mega Roth” strategy, a new approach to retirement saving, is a way for some retirement plan participants to maximize their savings using Roth IRAs or retirement plan designated Roth accounts.
Read MoreQuick Reference Tool: Current Roth IRA contribution eligibility phase-out ranges
Read MoreQuick Reference Tool: Current Traditional IRA deductibility phase-out ranges
Read MoreIn response to an executive order by the President to expand access to retirement plans, the DOL recently proposed regulations to allow employers to form association retirement plans, or MEPs.
Read MoreThe IRS recently proposed amendments to hardship distribution regulations and is requesting public comments by January 14, 2019.
Read MoreWhat does it mean when an outstanding loan amount is offset? What are the tax consequences for the plan participant? What is the timeframe for rolling over a loan offset amount and how should it be reported?
Read MoreCan HSA debit cards be issued to individuals other than the HSA owner? Are there issues that financial organizations should be aware of when allowing authorized users?
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