Ideas & Insights

IRS guidance on the 15% maximum on automatic contributions, 401(k) and 403(b) plan safe harbor requirements, and plan loan offset rollovers.

Many limitations, including the 401(k) elective deferral limit for employee contributions, remain unchanged from 2020 levels.

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

The proposed regulations provide long-awaited guidance for the disallowance of qualified transportation benefits and commuting expenses.

Plan participants may use an electronic system facilitating remote notarization or witnessing if executed via live audio-video technology.

Congress authorizes additional $310 billion for PPP; SBA issues additional eligibility guidance for hedge funds and private equity.

The IRS has moved the due date for adopting IRS preapproved pension plan document from to April 30, 2020 to July 31, 2020.