Doctrine Of Frustration
Frustration is a helplessness arising from impossibility. The doctrine of frustration therefore discharges parties from their obligation to perform a contract when a contract is hit by an event...
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Frustration is a helplessness arising from impossibility. The doctrine of frustration therefore discharges parties from their obligation to perform a contract when a contract is hit by an event...
This clarification is welcome for many plan administrators and sponsors as it eliminates confusion from some amendments being deferred but others being due this year.
On September 26, 2022, the IRS released IRS Notice 2022-45, which corrected a potential oversight in IRS Notice 2022-33, discussed in detail here. Notice 2022-33 had extended the...
The IRS has extended additional deadlines for required retirement plan amendments, similar to the extensions we discussed last month found here. Notice 2022-45 extends the deadline for...
IRS extended additional deadlines for retirement plan amendments. Notice 2022-45 extends deadline for amending retirement plans to comply with certain provisions of Coronavirus Aid, Relief, and Economic Security CARES Act Taxpayer Certainty and Disaster Tax Relief Act.