The union representing thousands of IRS workers warn that furloughed employees may not be able to return to work next week when taxpayers start filing their tax returns and seek refunds on their 2018 ...

The Bipartisan Budget Act of 2018 (BBA) made several changes with respect to Section 401(k) and 403(b) plans. The IRS recently issued a proposed amendment to the hardship distribution regulations to ...

Expenses incurred as a result of a natural disaster. The IRS highlighted the following differences between this new safe harbor expense category and ad hoc relief that had previously been provided by ...

Earlier this month, the IRS proposed changes to existing rules governing distributions from 401(k) and 403(b) plans on account of certain financial hardships. The proposed regulations reflect several ...

In a recent Employee Plans Newsletter, the Internal Revenue Service (IRS) warned plan sponsors that they must obtain and keep documentation related to hardship withdrawals, particularly the ...

Internal Revenue Service employees who have been called back to work without pay during the partial government shutdown are increasingly taking advantage of a benefit known as a “hardship exemption,” ...

The Internal Revenue Service (IRS) has relaxed loan and hardship distribution rules for victims of Hurricane Maria and the wildfires in California. This is similar to the relief provided earlier to ...

The Internal Revenue Service announced that employer-sponsored retirement plans can make loans and hardship withdrawals to assist victims of historic flooding in Louisiana. The Internal Revenue ...

Fidelity is taking issue with a recent Internal Revenue Service (IRS) reminder to retirement plan sponsors about their duties to track participant loans and hardship withdrawals. The Internal Revenue ...

The union representing thousands of IRS workers warn that furloughed employees may not be able to return to work next week when taxpayers start filing their tax returns and seek refunds on their 2018 ...