IRS Publishes 2026 Form 945 and Instructions
The Internal Revenue Service has released 2026 Form 945, Annual Return of Withheld Federal Income Tax, and correlating instructions.
Industry & Regulatory News
IRS Proposes Rules for Employer Trump Account Contribution Programs
The Treasury Department and Internal Revenue Service (the Agencies) have issued proposed regulations governing employer contributions to Trump accounts.
Washington Pulse: DOL Proposes New Guidance on Evaluating Designated Investment Alternatives in 401(k) Plans
The Department of Labor (DOL) has issued proposed regulations addressing fiduciary responsibilities when selecting designated investment alternatives (DIAs) for participant directed individual account plans subject to the Employee Retirement Income Security Act (ERISA) of 1974.
Washington Pulse: IRS Issues Guidance on Optional Long-Term Care Distributions Under SECURE 2.0
The Internal Revenue Service (IRS) has issued guidance on a provision of the SECURE 2.0 Act allowing 401(k), 403(a), 403(b), and eligible governmental 457(b) plans to offer optional distributions to pay long-term care (LTC) insurance premiums.
IRS Releases Draft Publication 571 for 403(b) Plans
The Internal Revenue Service has released a draft 2027 tax year Publication 571, Tax-Sheltered Annuity Plans (403(b) Plans) for Employees of Public Schools and Certain Tax-Exempt Organizations.
IRS Proposes Rules for Employer Trump Account Contribution Programs
The Treasury Department and Internal Revenue Service (the Agencies) have issued proposed regulations governing employer contributions to Trump accounts.
Homeownership Opportunity Act Introduced
Representatives Greg Steube (R-FL) and Jimmy Panetta (D-CA) have introduced H.R. 10944, the Homeownership Opportunity Act, legislation to allow penalty-free distributions from workplace retirement savings arrangements for down payment and closing costs when purchasing a primary residence.
IRS Announces Tax Deadline Relief for Texas Storms
The Internal Revenue Service (IRS) has announced the postponement of certain tax-related deadlines for individuals and businesses in Texas affected by severe storms that began on July 14, 2026.
FEMA Issues Disaster Declaration for Florida Hurricane Isaias
The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on October 27, 2026, for Florida Hurricane Isaias, for the incident period of October 6, 2026, through October 12, 2026.
IRS Posts Draft 2027 Publication 15-A
The Internal Revenue Service has released a draft 2027 tax year Publication 15-A, Employer's Supplemental Tax Guide (Supplement to Publication 15, Employer’s Tax Guide).
Automatic Enrollment Final Rule Clears OMB
The Office of Management and Budget has completed its review of a final rule from the Department of Treasury and the Internal Revenue Service that addresses automatic enrollment requirements under Internal Revenue Code Section 414A.
IRS Releases Updated EPCRS Guidance
The IRS has released Revenue Procedure 2026-34, which revises and updates Revenue Procedure 2021-30, the most recent statement of the Employee Plans Compliance Resolution System (EPCRS).