IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018
Click HERE to view IRS Announces 2018 Pension Plan Limitations; 401(k) Contribution Limit Increases to $18,500 for 2018.
Socially Responsible Investing Under ERISA: New DOL Guidance
(Excerpted from original article) Click Here to read the article in its entirety.
Fiduciary concerns may have prevented plan committees from considering “economically targeted investments” (ETI) – such as investments that observe environmental, social or governance responsibility (ESG) standards – as alternatives for their plans. Recent Department of Labor guidance, Interpretive Bulletin 2015-01 (the “Bulletin”), provides […]
IRS Announces 2016 Pension plan Limitations
Click HERE to view/download the PDF.
401k Document Retention Rules Made Simple
In general, 401k plan records must be kept for a period of not less than six years after the filing date of the IRS Form 5500 created from those records. However, records necessary to a participant’s claim for plan benefits must be kept … as long as a possibility exists that they might be relevant […]
Supreme Court Same-Sex Marriage Ruling and Employee Benefit Plans?
Here is a link to a great article about what the Supreme Court’s ruling means for same-sex-marriage and employee benefit plans. If you have any questions about how this ruling might effect you, please give us a call at 310-665-0578.
What Does the Supreme Court’s Same-Sex Marriage Ruling Mean for Employee Benefit Plans?
Sign Up for IRS Summertime Tax Tips
Taxpayers interested in receiving helpful consumer tips this summer to get a jump start on this year’s taxes should consider subscribing to IRS Summertime Tax Tips. Click the link to subcribe today! IRS Tax Tips.
The IRS began offering its Summertime Tax Tip series which include useful information in English and Spanish. Tax Tip subscribers receive […]
IRS Rev. Proc 2015-32: Penalty Relief Program Late Annual Reporting for Non-Title I Retirement Plans
IRS Rev. Proc 2015-32: Penalty Relief Program
Late Annual Reporting for Non-Title I Retirement Plans (‘One-Participant Plans’ and Certain Foreign Plans)
(Download PDF 9 pages)
“This revenue procedure establishes a permanent program to provide administrative relief from the penalties imposed … for a failure to timely comply with the annual reporting requirements. Filers may not seek relief for […]
Special Penalty Relief Available for Late Returns Filed by June 2 for Certain Small Retirement Plans
WASHINGTON — With Small Business Week (May 4 to 8) just around the corner, the Internal Revenue Service today reminded small businesses that have failed to timely file certain required retirement plan returns that they have until Tuesday, June 2 to take advantage of a special penalty relief program.
Details on how to participate are available […]
For Small Business Week, IRS Features Popular Products for Entrepreneurs
For Small Business Week, IRS Features Popular Products for Entrepreneurs
WASHINGTON —The Internal Revenue Service is marking National Small Business Week, May 4 to 8, by featuring some of its most popular educational products for small business owners and self-employed individuals.
To view the products and webinars please visit: http://www.irsvideos.gov/SmallBusinessTaxpayer/SmallBusinessWeek
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