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IRS changes letter-forwarding program

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • September 28 2012

On August 31, 2012, the IRS issued guidance revising its letter-forwarding program, which has long been available to assist a plan sponsor or plan administrator in locating missing participants or beneficiaries of qualified retirement plans

Multiple plan loans don’t forget to check the plan!

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • February 17 2011

In December, the IRS published guidance in its Employee Plans News publication regarding participants requesting multiple plan loans

Section 409A plan document correction program relief provided for document failures in nonqualified deferred compensation plans

  • Fox Rothschild LLP
  • -
  • USA
  • -
  • January 8 2010

In Notice 2010-6, which was published in early January, the IRS at long last provided guidance as to how taxpayers may voluntarily correct certain document failures that otherwise would cause a nonqualified deferred compensation plan to contravene the requirements of Internal Revenue Code Section 409A, triggering severe income tax consequences