IRS Resources
Like Share Print 401(k) Resource Guide - Plan Participants - Limitation on Elective DeferralsThere is a limit on the amount of elective deferrals that you can contribute to your traditional or safe harbor 401(k) plan.   Read More
2013 COLA Increases for Dollar Limitations on Benefits and ContributionsThe Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Code §415 requires the limits to be adjusted annually for cost-of-living increases. The IRS announced on October 18, 2012 cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2013.   Read More
2011 COLA Increases for Dollar Limitations on Benefits and ContributionsThe Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. Code §415 requires the limits to be adjusted annually for cost-of-living increases. The IRS announced on October 28, 2010 cost-of-living adjustments applicable to dollar limitations for pension plans and other items for tax year 2011.   Read More
Rollovers and Conversions to a Roth IRA | Frequently Asked Questions:* When is the latest I can make a 2010 rollover or conversion to a Roth IRA? * When must I elect to include the taxable portion of my 2010 rollover or conversion to a Roth IRA in 2010, instead of half in 2011 and half in 2012? * If I choose to report my 2010 rollover or conversion to a Roth IRA half in 2011 and half in 2012, do I have to report any amounts rolled over or converted in 2010? * What is a recharacterization of a rollover or a conversion to a Roth IRA?   Read More
Small Business Jobs Act of 2010 | Roth 401(k) Conversions AllowedThe Small Business Jobs Act of 2010 permits employers to amend their §401(k) or §403(b) plans to allow participants to transfer an eligible rollover distribution (ERD) into their designated Roth account in the plan if the transfer is of an ERD:   Read More
New Relief for Single-Employer and Multiemployer Defined Benefit PlansOn June 25, 2010, President Obama signed the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010. The Act offers single-employer and multiemployer defined benefit plans relief from certain funding requirements and some benefit restrictions. On July 30, 2010, the IRS issued guidance on the availability of the funding relief for sponsors who have filed the Form 5500 for the 2009 plan year.   Read More
DOL Fact Sheet | Interim Final Regulation Relating to Improved Fee Disclosure for Pension Plans Effective July 16, 2011The Employee Retirement Income Security Act (ERISA) requires plan fiduciaries, when selecting and monitoring service providers and plan investments, to act prudently and solely in the interest of the plan's participants and beneficiaries. Responsible plan fiduciaries also must ensure that arrangements with their service providers are "reasonable" and that only "reasonable" compensation is paid for services. Fundamental to the ability of fiduciaries to discharge these obligations is obtaining information sufficient to enable them to make informed decisions about the services, the costs, and the service providers.   Read More
Retirement Plans FAQs relating to Waivers of the 60-Day Rollover RequirementThese frequently asked questions and answers provide general information and should not be cited as any type of legal authority. They provide the user with information responsive to general inquiries. Because these answers to not apply to every situation, yours may require additional research.   Read More
PLR 201026039 | Rollover Contributions60-Day Rollover Waiver   Read More
REG-115699-09, 74 Fed. Reg. 23134 (May 18, 2009)This document contains the proposed amendments to the regulations relating to certain case or deferred arrangements and matching contributions under section 401(k) plans and section 403(b) plans. The proposed regulations would allow plans that incur substantial business hardship to reduce or suspend safe harbor nonelective contributions during a plan year.   Read More
T.D. 9447, 74 Fed. Reg. 8200 (February 24, 2009)These final regulations relate to automatic contribution arrangements. These regulations affect administrators of, employers maintaining, participants in, and beneficiaries of section 401(k) plans and other eligible plans that include an automatic contribution arrangement.   Read More
Publication 560 | Retirement Plans For Small Business (SEP, SIMPLE, and Qualified Plans)This publication discusses retirement plans you can set up and maintain for yourself and your employees.   Read More
Revenue Ruling 2009-31provides guidance on the tax consequences of an amendment to a tax-qualified retirement plan to permit annual contributions of an employee’s unused paid time off under the employer’s paid time off plan. A paid time off plan generally refers to a sick and vacation arrangement that provides for paid leave whether the leave is due to illness or incapacity. The amendment relates to a contribution (including a section 401(k) contribution) or cash out of the unused paid time off, determined as of the end of the plan year (December 31). Rev. Rul. 2009-31 is companion guidance to Rev. Rul. 2009-32 and is part of the "Savings Initiative" guidance issued by the Service.   Read More
Revenue Ruling 2009-32provides guidance on the tax consequences of an amendment to a tax-qualified retirement plan to permit contributions for an employee’s accumulated and unused paid time off under the employer’s paid time off plan at a participant’s termination of employment. A paid time off plan generally refers to a sick and vacation arrangement that provides for paid leave whether the leave is due to illness or incapacity. The amendment relates to a post-severance contribution (including a section 401(k) contribution) or cash out of the accumulated and unused paid time off. Rev. Rul. 2009-32 is companion guidance to Rev. Rul. 2009-31 and is part of the "Savings Initiative" guidance issued by the Service.   Read More
Publication 590 | Individual Retirement Arrangements (IRAs)This publication discusses individual retirement arrangements (IRAs). An IRA is a personal savings plan that gives you personal tax advantages for setting aside money for retirement.   Read More
Announcement 2010-20, 2010-15 I.R.B. 551 | Opinion and advisory letters to be issued.Announces that the IRS will soon issue opinion and advisory letters for pre-approved defined benefit plans. Employers using these pre-approved plan documents to restate a plan for EGTRRA and the 2006 Cumulative List will be required to adopt the EGTRRA-approved plan document by April 30, 2012.   Read More
Notice 2010-48, 2010-27 I.R.B. | Disaster relief for a pre-approved defined contribution plan.The Notice provides relief for a pre-approved defined contribution plan affected by recent federally declared disasters by extending the deadline until July 30, 2010, to restate the plan, and, if applicable, submit a determination letter application. It also extends an affected plan’s remedial amendment period to July 30, 2010.   Read More
Notice 2010-40, 2010-21 I.R.B 693 |This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in April 2010; the 24-month average segment rates; the funding transitional segment rates applicable for May 2010; and the minimum present value transitional rates for April 2010.   Read More
T.D. 9484, 75 Fed. Reg. 57927 (May 19, 2010) | Final regulations on Code §401(a)(35) investment diversification requirements for most defined contribution plans with publicly traded employer securities.   Read More
2010 COLA Increases | COLA Increases for Dollar Limitations on Benefits and Contributions   Read More
PLR 201024071 | IRS Denies Request to recharacterize Roth IRA ConversionPrivate Letter Ruling Regarding Roth IRA Conversions   Read More
IR-2010-77 | (June 18, 2010) Disaster Relief for Certian Retirement Plans in Eight StatesThe Internal Revenue Service is providing administrative relief for sponsors of defined contribution plans, such as section 401(k) plans, that were affected by the storms and other severe weather in those counties in Alabama, Connecticut, Massachusetts, Mississippi, New Jersey, Rhode Island, Tennessee and West Virginia declared Presidential Disaster Areas during the period from March 1 through May 31, 2010.   Read More
Bulletin 2002-42 | Calculating Substantially Equal Periodic Payments Under Section 72(t)(2)(A)(iv)Substantially equal periodic payments;premature distributions. This ruling provides that a change to the required minimum distribution method of calculating substantially equal periodic payments within the meaning of section 72(t)(2)(A)(iv) of the Code will not generate additional income tax under section 72(t)(1). Q&A–12 of Notice 89–25 modified.   Read More
Publication 4118 | Retirement Plans Life Cycle BrochureWhy should you set up an employee retirement plan, and what are some of the benefits?   Read More
Publication 3998 | Choosing a Retirement Solution for Your Small BusinessStarting a small business retirement savings plan can be easier than most business people think. What’s more, there are a number of retirement programs that provide tax advantages to both employers and employees.   Read More
Publication 4285 | SEP ChecklistEvery year it is important that you review the requirements for operating your Simplified Employee Pension (SEP). This Checklist is a “quick tool” to help you keep your plan in compliance with many of the important tax rules.   Read More
Publication 4284 | SIMPLE IRA Employer Plan Checklist Every year it is important that you review the requirement for operating your Savings Incentive Match Plan for Employees of Small employers (SIMPLE) IRA plan. Use this checklist to help you keep your plan in compliance with many of the important rules.   Read More
Publication 3125 | The IRS Does Not Approve IRA InvestmentsThe IRS does not approve any forms of IRA investments. The IRS does not review or approve investments, endorse any investments, advise people on how to invest their IRAs, or issue any statement that an investment is an IRA is protected because a particular trustee or custodian has been approved by the IRS.   Read More
Publication 502 | Qualified Medical and Dental ExpensesThis publication explains the itemized deduction for medical and dental expenses that you claim on Schedule A. It discusses what expenses and whose expenses, you can and cannot include in figuring the deduction. Qualified medical expenses are those expenses that would generally qualify for the medical and dental expenses deduction. Even though non-prescription medicines (other than insulin) do not qualify for the medical and dental expenses deduction, they do qualify as expenses for HSA purposes.   Read More
Publication 969 | Health Savings Account and Other Tax-Favored Health Plans (HSA, MSA, FSA, HRA)Various programs are designed to give individuals tax advantages to offset health care costs. This publication explains the following programs: Health savings accounts, Medical Savings accounts (Archer MSAs and Medicare Advantage MSAs), Health flexible spending arrangements (FSAs), and Health reimbursement arrangements (HRAs).   Read More
Advisory Opinion 2004-09AHSA prohibited Transactions.   Read More