In Compliance Assistance Release 2025-01 (the “Release”), the Department of Labor (the “Department”) rescinded its prior guidance that cautioned fiduciaries against offering cryptocurrency investments in their retirement...more
As 2022 comes to an end, we are pleased to present our traditional End of Year Plan Sponsor “To Do” Lists. This year, we present our “To Do” Lists in four separate SW Benefits Updates. Part 1 covered health and welfare plan...more
12/5/2022
/ 401k ,
American Rescue Plan Act of 2021 ,
Benefit Plan Sponsors ,
CARES Act ,
Compliance ,
Cryptocurrency ,
Cybersecurity ,
Department of Labor (DOL) ,
Environmental Social & Governance (ESG) ,
Investment ,
IRS ,
QACA ,
Required Amendments (RAs) ,
Retirement Plan ,
SECURE Act
In Compliance Assistance Release No. 2022-01 (the “Release”), the Department of Labor (the “Department”) signaled its intention to scrutinize inclusion of cryptocurrency assets and crypto-derivative products as investments in...more
With the use of virtual currency on the rise, questions emerge as to how virtual currency transactions are taxed. The IRS has issued guidance regarding the tax consequences of such transactions, answering some questions but...more
4/3/2018
/ Bitcoin ,
Cryptocurrency ,
Digital Currency ,
Fair Market Value ,
Income Taxes ,
Initial Coin Offering (ICOs) ,
IRS ,
Reporting Requirements ,
Tax Liability ,
Token Sales ,
Virtual Currency