Understanding how IRA programs are affected by a merger or acquisition—and what to do about it—can save your organization from compliance failures, hefty IRS penalties, and potential lawsuits.
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Not all HSA owners use their HSAs in the same way. Find out why and how that can affect what your organization does to retain and grow your HSA business.
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Still not clear on the one-per-12-month rollover rule? Here’s a quick review to better your understanding. Use it to help your IRA clients who may be contemplating a rollover avoid putting their IRA savings in jeopardy.
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The 2019 instructions for IRS Forms 1099-R and 5498 are now available, with a few notable changes in addition to standard updates.
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How do transfers and rollovers differ? How are they reported to the IRS? What are the restrictions?
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When must required minimum distributions (RMDs) from a 401(k) plan start and what is the annual deadline? What happens if RMDs are not timely distributed? Are there any correction options?
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Changes to the hardship distribution rules brought about by the Bipartisan Budget Act of 2018 and the IRS’ recently released proposed hardship regulations may affect your 401(k) and 403(b) clients.
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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.
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Higher 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.
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Looking 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.
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The 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.
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The 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.
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IRS 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.
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How 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?
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How is compensation defined for 401(k) plan purposes? How does the definition affect compliance testing? What time period is used for defining compensation?
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The 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.
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It’s been 20 years since the Roth IRA was created. Here are some quick facts about this popular retirement savings vehicle.
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The 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.
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