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The IRS recently announced (in Announcement 2022-6) that effective as of March 14, 2022, and until further notice, the IRS will not accept applications — IRS Forms 5306 and 5306-A — for...
Background - Back in 2013, the IRS opened its first 6-year cycle of reviewing and issuing opinion letters on 403(b) pre-approved documents. Most of the approval letters...
American Retirement Association Issues Public Comment on IRS Notice Targeted News Service Kelsey Mayo, director for regulatory policy, at the American Retirement Association, Arlington, Virginia, have issued a public comment on the Internal Revenue Service notice entitled "Request for Comments Regarding Protection of ERISA Sec. 205 Spousal Rights Under a Terminating Sec. 403(b) Plan Funded Through the Use of Custodial Accounts". The comment was written on Feb. 3, 2021, and posted on Feb. 4, 2021: * * * The American Retirement Association ("ARA") is writing in response to Internal Revenue...