For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
Compliance November 30, 2012
IRS Announces Hurricane Relief Phone Forum
November 30, 2012 (PLANSPONSOR.com) – The IRS is holding a phone forum to discuss relaxed hardship and loan rules for victims of Hurricane Sandy.
Reported by Rebecca Moore
Announcement 2012-44 said retirement plans can provide this relief to employees and certain members of their families who live or work in the disaster area (see “IRS Allows for Hurricane Hardships”). Eric Slack, acting manager of Employee Plans Technical Guidance, will discuss the announcement and the options available to employees, their families and plan sponsors.
During the December 11 event, he will answer a number of common questions resulting from the issued announcement. Other questions can be submitted via email at ep.phoneforum@irs.gov on or before December 7.
More information is at http://www.irs.gov/Retirement-Plans/Phone-Forums-Retirement-Plans.You Might Also Like:
IRS Issues 2025 Required Amendments List for Qualified Plans, 403(b)s
The guidance lays out regulatory and statutory changes that might require plan amendments.
IRS, Treasury Offer Updates on How Trump Accounts Will Work
The savings accounts for children are expected to go live on July 4, 2026.
Delayed Release of 2026 Contribution Limits Unlikely to Cause Many Problems
Recordkeepers and payroll providers say systems will not be thrown off by the later release.