Part III – Administrative, Procedural, and Miscellaneous IRS Notice 2008-17 - Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates Weighted average interest rate update; corporate bond indices; 30-year Treasury Securities; segment rates. This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in January 2008; the 24-month average segment rates; the funding transitional segment rates applicable for January 2008; and the minimum present value transitional rates for December 2007. Related Links:
Monday, January 28, 2008
IRS Notice 2008-17 - Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates
Saturday, January 26, 2008
IRS Announcement 2008–2 – Election of Alternative Funding Schedule
Part IV.--- Items of General Interest IRS Announcement 2008–2 – Election of Alternative Funding Schedule Minimum funding standards; alternative funding schedule.This announcement describes how a commercial passenger airline may make an election for an alternative funding schedule under section 402(a)(2) of the Pension Protection Act of 2006 as amended by section 6615 of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007. Related Links:
IRS Notice 2008-8 - Information Reporting Requirements Under Internal Revenue Code § 6039
Part III – Administrative, Procedural, and Miscellaneous IRS Notice 2008-8 - Information Reporting Requirements Under Internal Revenue Code § 6039 This notice clarifies that the information reporting requirements under section 6039 of the Code apply to certain stock transfers occurring on or after January 1, 2007. Because new regulations under section 6039 have not yet been issued, the IRS is waiving the obligation to make an information return for 2007 stock transfers governed by section 6039. This notice explains, however, that corporations should continue to furnish to employees the information, required by and in accordance with existing section 1.6039–1, with respect to such stock transfers. Related Links:
Tuesday, January 8, 2008
IRS Revenue Procedure 2008-08 - Rulings and determination letters
Part III. Administrative, Procedural, and Miscellaneous 26 CFR 601.201: Rulings and determination letters. IRS Revenue Procedure 2008-08 - Rulings and determination letters User fees for employee plans and exempt organizations. Up-to-date guidance for complying with the user fee program of the Service as it pertains to requests for letter rulings, determination letters, etc., on matters under the jurisdiction of the Office of the Division Commissioner, Tax Exempt and Government Entities Division, is provided. Rev. Proc. 2007-8 superseded. Related Links:IRS Revenue Procedure 2007-8, 2007-1 I.R.B. 230
User fees for employee plans and exempt organizations. Up-to-date guidance for complying with the user fee program of the Service as it pertains to requests for letter rulings, determination letters, etc., on matters under the jurisdiction of the Office of the Division Commissioner, Tax Exempt and Government Entities, is provided. Rev. Proc. 2006-8 superseded. This revenue procedure is the basic EP and EO user fee procedure.
LINKS: [HTML] [PDF]
IRS Revenue Procedure 2008-06 - Rulings and determination letters
Part III. Administrative, Procedural, and Miscellaneous 26 CFR 601.201: Rulings and determination letters. IRS Revenue Procedure 2008-06 - Rulings and determination letters Employee plans determination letters. Revised procedures are provided for issuing determination letters on the qualified status of employee plans under sections 401(a), 403(a), 409, and 4975 of the Code. Rev. Proc. 2007-6 superseded. Related Links:IRS Revenue Procedure 2007-6, 2007-1 I.R.B. 189
Rulings and information letters; issuance procedures. Revised procedures are provided for furnishing ruling letters, information letters, etc., on matters related to sections of the Code currently under the jurisdiction of the Office of the Division Commissioner, Tax Exempt and Government Entities. Rev. Proc. 2006-4 superseded. This revenue procedure is the basic EP and EO letter ruling procedure
LINKS: [HTML] [PDF]
IRS Revenue Procedure 2008-05 - Rulings and determination letters
Part III. Administrative, Procedural, and Miscellaneous 26 CFR 601.201: Rulings and determination letters. IRS Revenue Procedure 2008-05 - Rulings and determination letters Technical advice. Revised procedures are provided for furnishing technical advice to area managers and appeals offices by the Office of the Division Commissioner, Tax Exempt and Government Entities, regarding issues in the employee plans area (including actuarial matters) and in the exempt organizations area. Rev. Proc. 2007-5 superseded. Related Links:IRS Revenue Procedure 2007-5, 2007-1 I.R.B. 161
Technical advice. Revised procedures are provided for furnishing technical advice to area managers and appeals offices by the Office of the Division Commissioner, Tax Exempt and Government Entities, regarding issues in the employee plans area (including actuarial matters) and in the exempt organizations area. Rev. Proc. 2006-5 superseded. This revenue procedure is the basic EP and EO technical advice procedure.
LINKS: [HTML] [PDF]
IRS Revenue Procedure 2008-04 - Rulings and determination letters
Part III. Administrative, Procedural, and Miscellaneous 26 CFR 601.201: Rulings and determination letters. IRS Revenue Procedure 2008-04 - Rulings and determination letters
Rulings and information letters; issuance procedures. Revised procedures are provided for furnishing ruling letters, information letters, etc., on matters related to sections of the Code currently under the jurisdiction of the Office of the Division Commissioner, Tax Exempt and Government Entities. Rev. Proc. 2007-4 superseded.
Related Links:
- IRS Revenue Procedure 2007-4, 2007-1 I.R.B. 118
Rulings and information letters; issuance procedures. Revised procedures are provided for furnishing ruling letters, information letters, etc., on matters related to sections of the Code currently under the jurisdiction of the Office of the Division Commissioner, Tax Exempt and Government Entities. Rev. Proc. 2006-4 superseded. This revenue procedure is the basic EP and EO letter ruling procedure
LINKS: [HTML] [PDF]
Thursday, January 3, 2008
Treasury Regulation - REG–136701–07 - Diversification Requirements for Certain Defined Contribution Plans
26 CFR Part [REG–136701–07] RIN1545–BH04 Treasury Regulation - REG–136701–07 - Diversification Requirements for Certain Defined Contribution Plans Proposed regulations under section 401 of the Code provide guidance relating to diversification requirements for certain defined contribution plans and to publicly traded employer securities. The Treasury Department and the IRS released proposed regulations under IRC Section 401(a)(35), "relating to diversification requirements for certain defined contribution plans and to publicly traded employer securities. These regulations will affect administrators of, employers maintaining, participants in, and beneficiaries of defined contribution plans that are invested in employer securities." Background: Outline
· Overview
· Basic Diversification Rights
· Plans Subject to Section 401(a)(35)
· Prohibition on Restriction or Conditions
Tuesday, January 1, 2008
Employee Plans News - Special Edition, January 2008
The IRS published Employee Plans News - Special Edition, January 2008:
This special edition announces that Forms 4461-A, 5329, and 5558 have been revised and are available. Form 5330 is currently being revised. In addition, this special edition reminds you that the Cycle B submission period for determination applications ends January 31, 2008 and Cycle C begins February 1, 2008. Proposed cash balance regulations and section 430 proposed regulations were issued on December 28, 2007.
DOL Field Assistance Bulletins – 2008 Index
DOL Field Assistance Bulletins – 2008 Index
IRS Newsletters - 2008 Index
Employee Plans News
Geared toward retirement plan practitioners - attorneys, accountants, actuaries and others - this newsletter presents information about retirement plans.
- Employee Plans News - Winter 2009 Edition
- Employee Plans News - Special Edition, November 5, 2008
- Employee Plans News – Fall 2008 Edition
- Employee Plans News - Special Edition, September, 2008
- Employee Plans News - Special Edition, August 25, 2008
- Employee Plans News - Special Edition, August 14, 2008
- Employee Plans News - Special Edition, August 6, 2008
- Employee Plans News - Special Edition, July 1, 2008
- Employee Plans News - Summer 2008 Edition
- Governmental Plans Roundtable (April 22, 2008)
- Employee Plans News - Special Edition, April 2008
- Employee Plans News - Spring 2008 Edition
- Employee Plans News - Special Edition, March 11, 2008
- Employee Plans News - Special Edition, January 2008
Designed for employers and business owners, this newsletter provides practical retirement plan information.
- Retirement News for Employers - Special Edition, December 2008
- Retirement News for Employers - Fall 2008 Edition
- Retirement News for Employers - Special Edition, August 29, 2008
- Retirement News for Employers - Summer 2008 Edition
- Retirement News for Employers - Special Edition, August 14, 2008
- Retirement News for Employers - Spring 2008 Edition
Timing is Everything
“Timing is Everything” is a one-page flyer designed for employers to share with their employees and provides plain-language, bullet-point information about retirement.
Treasury Regulations – 2008 Index
"Issued guidance regarding the Service's position with respect to how the Internal Revenue Code is to be interpreted. The provided materials relate specifically to retirement plans."
IRS Revenue Rulings – 2008 Index
"A revenue ruling is an official interpretation by the Service of the Internal Revenue Code, related statutes, tax treaties, and regulations. It is the conclusion of the Service on how the law is applied to a specific set of facts. The provided materials relate specifically to retirement plans."
- IRS Revenue Ruling 2008-13 – Excessive Compensation
- IRS Revenue Ruling 2008-07 - Minimum Vesting Standards - Rev. Rul. 2008-7, 2008-7 I.R.B. 419 - This revenue ruling addresses the accrual rules and the "greater of" issue where there is an amendment of a traditional defined benefit formula in 2001 to a lump sum-based benefit formula for plan years beginning on or after January 1, 2002.
IRS Revenue Procedures – 2008 Index
"A revenue procedure is an official statement of a procedure that affects the rights of duties of taxpayers or other members of the public under the Internal Revenue Code, related statutes, tax treaties, and regulations that should be a matter of public knowledge. The provided materials relate specifically to retirement plans."
- IRS Revenue Procedure 2008-08 - Rulings and determination letters - Rev. Proc. 2008-8, 2008-1 I.R.B. 233 - This is the annual EP/EO revenue procedure on user fees.
- IRS Revenue Procedure 2008-06 - Rulings and determination letters - Rev. Proc. 2008-6, 2008-1 I.R.B.192 - This is the annual EP determination letter revenue procedure.
- IRS Revenue Procedure 2008-05 - Rulings and determination letters - Rev. Proc. 2008-5, 2008-1 I.R.B. 164 - This is the basic, annual EP/EO revenue procedure on technical advice.
- IRS Revenue Procedure 2008-04 - Rulings and determination letters - Rev. Proc. 2008-4, 2008-1 I.R.B. 121 - This is the basic, annual EP/EO revenue procedure on letter rulings.
IRS Announcements – 2008 Index
"An announcement is a public pronouncement that has only immediate or short-term value. For example, announcements can be used to summarize the law or regulations without making any substantive interpretation or to notify taxpayers of approaching filing deadlines. The provided materials relate specifically to retirement plans."
IRS Notices – 2008 Index
"A notice is a public pronouncement that may contain guidance that involves substantive interpretations of the Code or other provisions of the law. For example, notices can be used to relate what regulations will say in situations where the regulations may not be published in the immediate future. The provided materials relate specifically to retirement plans."
- IRS Notice 2008-65 – Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates - Notice 2008-65, 2008-30 I.R.B. - This notice contains updates for interest rates for funding requirements under sections 412(b)(5)(B) and 430(h)(2) of the Code applicable for July 2008, and updates for interest rates for minimum present value determinations under 417(e)(3) of the Code for June 2008.
- IRS Notice 2008-53 – Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates - Notice 2008-53, 2008-26 I.R.B. 1188 - This notice contains updates for interest rates for funding requirements under sections 412(b)(5)(B) and 430(h)(2) of the Code applicable for June 2008, and updates for interest rates for minimum present value determinations under 417(e)(3) of the Code for May 2008.
- IRS Notice 2008-50 – Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates - Notice 2008-50, 2008-21 I.R.B. 1010 - This notice contains updates for interest rates for funding requirements under sections 412(b)(5)(B) and 430(h)(2) of the Code applicable for May 2008, and updates for interest rates for minimum present value determinations under 417(e)(3) of the Code for April 2008.
- IRS Notice 2008-45 - Update for Weighted Interest Rates, Yield Curves, and Segment Rates - Notice 2008-45, 2008-17 I.R.B. 835 - This notice contains updates for interest rates for funding requirements under sections 412(b)(5)(B) and 430(h)(2) of the Code applicable for April 2008, and updates for interest rates for minimum present value determinations under 417(e)(3) of the Code for March 2008.
- IRS Notice 2008-37 - Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates - Notice 2008-37 2008-12 , I.R.B. 654 - This notice contains updates for interest rates for funding requirements under sections 412(b)(5)(B) and 430(h)(2) of the Code applicable for March 2008, and updates for interest rates for minimum present value determinations under 417(e)(3) of the Code for February 2008.
- IRS Notice 2008-30 - Miscellaneous Pension Protection Act Changes - Notice 2008-30, 2008-12 I.R.B. 638 - This notice provides guidance in the form of questions and answers with respect to certain distribution-related provisions of PPA’06, that are effective in 2008 (as well as gap-period earnings).
- IRS Notice 2008-29 - Alternative Disability Mortality Tables – Continued Reliance on Revenue Ruling 96-7 - Notice 2008-29, 2008-12 I.R.B. 637 - This notice states that pending further guidance, for purposes of section 430(h)(3)(D) and section 431(c)(6)(D)(v), taxpayers may continue to rely on the mortality tables in Rev. Rul. 96-7, 1996-1 C.B. 59, for the alternative mortality tables for disabled participants in qualified defined benefit pension plans.
- IRS Notice 2008-24 - Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates - Notice 2008-24, 2008-8, I.R.B. 466 - This notice contains updates for interest rates for funding requirements under sections 412(b)(5)(B) and 430(h)(2) of the Code applicable for February 2008, and updates for interest rates for minimum present value determinations under 417(e)(3) of the Code for January 2008.
- IRS Notice 2008-23 - Supplemental Health Insurance Coverage as Excepted Benefits Under HIPAA and Related Legislation
- IRS Notice 2008-21 – Transition Guidance for New Funding Rules and Funding-Related Benefit Limitations under PPA ‘06 - Notice 2008-21, 2008-7, I.R.B. (January 31, 2008) - This notice extends the effective date of certain proposed regulations and establishes a 2008 transitional rule for small defined benefit plans with end-of the-year valuations.
- IRS Notice 2008-17 - Update for Weighted Average Interest Rates, Yield Curves, and Segment Rates - Notice 2008-17, 2008-4, I.R.B. 316 - This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in January 2008, 24-month average segment rates, and funding transitional segment rates applicable for January 2008.
- IRS Notice 2008-8 - Information Reporting Requirements Under Internal Revenue Code § 6039
- IRS Notice 2008-7 - Extension of Transitional Relief for Diversification Requirements for Certain Defined Contribution Plans - Notice 2008-7, 2008-3, I.R.B. - This notice extends certain transitional relief under 401(a)(35) of the Code for certain defined contribution plans that hold publicly-traded stock of their employers.
DOL Final Regulations – 2008 Index
Historical Links
DOL Proposed Regulations/DOL News – 2008 Index
DOL Proposed Regulations The purpose of DOL proposed regulations is "to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules." DOL News
The purpose of DOL News is to provide links to DOL related news that is not in the format of a DOL final regulation, DOL proposed regulation, or a DOL field assistance bulletin.
- DFVCP Penalty Calculator and Online Payment/Actuarial Information Search
- DOL Website Provides Updated Contact Information for Hurricane Victims
- DOL Official Testifies on Fee Disclosures
- DOL and SEC Announce Memorandum of Understanding (MOU)
- DOL Issues 40-FAQs About IRS Form 5500 – Schedule C
- DOL Testifies About Employer-Sponsored IRAs
- The DOL Announces Disaster Relief after Severe Weather Hits
- Report Of The Working Group On Participant Benefit Statements
- IRS Form 5500 Filing Update Web Cast
- IRS Form 5500 Extension after Severe Weather Hit Kentucky
- Agenda and Testimony Requests and Outlines for Hearing on Reasonable Contracts or Arrangements Under Section 408(b)(2)--Fee Disclosure
- DOL Notice - Hearing on Reasonable Contracts or Arrangements Under Section 408(b)(2)--Fee Disclosure
Historical Links
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