The IRS recently released additional guidance about the tax treatment of expenses paid with proceeds of Paycheck Protection Program loans. The PPP loans are a COVID relief program enacted as part of the CARES Act....more
In the constantly evolving legal framework surrounding employee benefit plans, maintaining a retirement plan's qualified status can be a daunting task for plan administrators and plan sponsors. The Internal Revenue Service...more
Given the increased scrutiny that the Internal Revenue Service (IRS) is giving to §403(b) plans and an upcoming deadline for adopting a "safe harbor plan," now is a good time for sponsors of §403(b) plans to ensure that their...more