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Posted by Roberta Granadier | Nov 9, 2020 | IRS, Tax, Taxation, Uncategorized
The IRS announced cost of living adjustments affecting dollar limitations for employer plans for tax year 2021. Most IRS limits impacting employer retirement plans have remained the same because the increase in the...
Read MorePosted by Roberta Granadier | Apr 27, 2020 | Tax, Taxation
The Coronavirus Aid, Relief and Economic Security Act (“CARES”), and IRS and Department of Labor (“DOL”) rules establish new and revised deadlines for retirement plans and other benefit programs. The...
Read MorePosted by Roberta Granadier | May 13, 2019 | IRS, Roberta Granadier, Tax, Taxation
Certain qualified retirement plan errors are now easier to fix under the new expanded IRS self-correction procedures. On April 19, 2019, the IRS released the revised Employee Plans Compliance Resolution System (“EPCRS”) under...
Read MorePosted by Roberta Granadier | May 14, 2018 | 401K, Roberta Granadier, Tax, Taxation
Many 401(k) plans allow participants to borrow amounts from their vested 401(k) plan accounts and repay such amounts, typically through payroll deductions, back to their own accounts. Plan loans must comply with IRS rules which...
Read MorePosted by Roberta Granadier | Dec 18, 2017 | Employee Benefits, Roberta Granadier, Tax
Employers often want to provide extra benefits or security to key employees amidst the uncertainty caused by a change of control. These arrangements are often referred to as golden parachute payments because they help key...
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