News & Analysis as of

Retirement Plan › Taxable Income

Bricker Graydon LLP

Is Your ESOP Ready for the Spotlight?

Bricker Graydon LLP on

Last week, the IRS announced it was increasing enforcement strategies aimed at Employee Stock Ownership Plans “ESOPs”. The IRS stated this new focus on ESOPs is part of the effort to ensure tax laws are applied fairly and...more

ArentFox Schiff

Self-Directed IRAs and the Prohibited Transaction Rules – Part 1

ArentFox Schiff on

Part 1: Permitted Investments and Compliance - The self-directed individual retirement account (IRA) is an increasingly popular option for an IRA account owner, especially those owners who have significant net worth and...more

Fox Rothschild LLP

The 2022 Increases for Retirement Plan Participants and Social Security Recipients

Fox Rothschild LLP on

Late last year, the IRS confirmed the widely expected cost-of-living adjustments to the various dollar limitations applicable to qualified retirement plans for 2022. Here are a few of the changes outlined in Notice 2021-61. ...more

Gerald Nowotny - Law Office of Gerald R....

Knock Yourself Out Resuscitating Taxpayers With Buyer’s Remorse!

Gerald Nowotny - Law Office of Gerald R.... on

One of the feelings that all of us living on the Planet including those who have walked before us, experience is the remorse for actions taken or sometimes not taken, i.e., buyer's remorse. Individual taxpayers report their...more

Proskauer - Employee Benefits & Executive...

The Time is Right to Contact Recordkeepers About Hardship Substantiation

Proskauer - Employee Benefits & Executive... on

If your 401(k) plan recordkeeper has not talked to your company lately about hardship distributions, it may be time to reach out to the recordkeeper. The short story is that the IRS recently issued an internal memorandum...more

Holland & Knight LLP

Religious Institutions Update: February 2017

Holland & Knight LLP on

Timely Topics - A draft executive order of President Donald Trump relating to religious freedom proposes several material changes to federal law. First, it would require the executive branches to recognize a broad scope...more

Dickinson Wright

Consider the effect that required minimum distributions from your 401(k) Plan will have on your taxable income and you're retiring...

Dickinson Wright on

Are you age 70 1/2 or older and thinking about retiring in December or January? You may want to consider the effect that required minimum distributions from your 401(k) Plan will have on your taxable income. As a...more

Ruder Ware

IRS Announces 2017 Qualified Plan Limits; Pumpkin Spice Inexplicably Lacking

Ruder Ware on

Late each October, the IRS gets around to announcing the cost of living adjustments for qualified plans for the upcoming year. This year was no exception, and here they are [Plan Limits]. Unlike last year, 2017 brings some...more

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