Recent Published Guidance
Interested in a printable PDF? See the list of Internal Revenue Bulletins in PDF format.
Recent Interest Rate Notices
Updates for the corporate bond weighted average interest rates; the 24-month average segment rates; the funding transitional segment rates; and the minimum present value transitional rates.
- Interest rate tables for retirement plans
Notice 2014-54 (distributions)
Provides rules to allocate pretax and after-tax amounts among distributions made to multiple destinations from a 401(a) qualified plan, 403(b) plan or a 457(b) governmental (IRC Section 457(e)(1)(A) plan. 2014-41, I.R.B. 670
Notice 2014-53 (HATFA)
Provides guidance on the changes to the funding stabilization rules for single-employer pension plans under the Code and ERISA made by the Highway and Transportation Funding Act of 2014 (HATFA), section 2003, Pub. L. No. 113-159, enacted August 8, 2014. 2014-43 I.R.B. 729
Revenue Ruling 2014-24 (group trust retiree benefit plans)
Modifies the list of group trust retiree benefit plans eligible to participate in group trusts in Rev. Rul. 81–100, 1981–1 C.B. 326, as modified by Rev. Rul. 2011–1, 2011–2 I.R.B. 251 (which was modified by Notice 2012–6, 2012–3 I.R.B. 293) (“81–100 group trusts”). It now includes trusts of certain retirement plans qualified only under the Código de Rentas Internas para un Nuevo Puerto Rico de la Ley Núm. 1 de 31 de enero de 2011 (“Puerto Rico Code”), clarifies that assets held by certain separate accounts maintained by insurance companies may be invested in 81–100 group trusts, and provides limited transition relief. 2014-37 I.R.B. 529
Revenue Ruling 2014-18 (nonqualifed deferred compensation plan)
Neither the nonstatutory stock option nor the stock-settled stock appreciation right granted to Service Provider with respect to common shares of Service Recipient is a nonqualified deferred compensation plan subject to taxation under section 457A. 2014-26 I.R.B. 1104
Notice 2014-37 (mid-year amendment to safe-harbor plans)
Guidance on a plan amendment to reflect the outcome of United States v. Windsor, 570 U.S. ___, 133 S.Ct. 2675 (2013) adopted after the beginning of a plan year and effective during a plan year (“mid-year amendment”) to these plans: IRC Section 401(k)(12) or (13) (Section 401(k) safe harbor plan) or IRC Section 401(m)(11) or (12) (Section 401(m) safe harbor plan) under Notice 2014–19, Q&A–8, 2014–17 I.R.B. 979 (April 21, 2014). 2014-24 I.R.B. 1100
Notice 2014-35 (annual reporting requirements - penalty relief)
Administrative relief from the penalties under IRC Sections 6652(d), 6652(e), and 6692 for failing to timely comply with certain annual reporting requirements under IRC Sections 6047(e), 6057, 6058, and 6059. It applies to late filers that satisfy this notice’s requirements and DOL’s Delinquent Filer Voluntary Compliance (“DFVC”) Program. This relief supersedes the relief in Notice 2002–23, 2002–1 C.B. 742. 2014-23 I.R.B. 1072
Revenue Procedure 2014-32 (annual reporting requirements – penalty relief)
Temporary one-year pilot program giving administrative relief to plan administrators and plan sponsors of certain retirement plans from IRC Sections 6652(e) and 6692 penalties for failing to timely comply with the annual reporting requirements of IRC Sections 6047(e), 6058, and 6059. 2014-23 I.R.B. 1073
Revenue Ruling 2014-9 (Verifying rollover contributions)
Provides simplified safe harbor due diligence procedures a plan administrator may use in order to be deemed to have reasonably concluded that an amount was a valid rollover contribution. 2014-17 I.R.B. 975
Announcement 2014-16 (Letters for pre-approved DC plans)
The IRS will soon issue opinion and advisory letters for pre-approved defined contribution plans that were submitted during their second remedial amendment cycle under Rev. Proc. 2007–44, 2007–2 C.B. 54. 2014-17 I.R.B. 983
Notice 2014-19 (Same sex couples)
Provide guidance on the application (including the retroactive application) of the decision in United States v. Windsor, 570 U.S. ___, 133 S. Ct. 2675 (2013), and the holdings of Rev. Rul. 2013–17, 2013–38 I.R.B. 201 (Sept. 16, 2013), to retirement plans qualified under section 401(a) of the Internal Revenue Code (Code). 2014-17 I.R.B. 979
Announcement 2014-15 (IRAs – one-rollover-per-year)
Addresses the application to IRAs of the one-rollover-per-year limitation and provides transition relief for owners of IRAs. 2014-16 I.R.B. 973
Revenue Procedure 2014-28 (Pre-approved 403(b) plans)
Modifies Rev. Proc. 2013–22 which sets forth the procedures for issuing opinion and advisory letters for Section 403(b) pre-approved plans. The IRS will accept applications through April 30, 2015. 2014-16 I.R.B. 944
Announcement 2014-4 (Pre-approved DB plan extension)
Extends to February 2, 2015, the deadline to submit on-cycle applications for opinion and advisory letters for pre-approved defined benefit plans for the plans’ second six-year remedial amendment cycle. 2014-7 I.R.B. 523
Notice 2014-5 (closed DB plans)
Provides temporary nondiscrimination relief for certain “closed” defined benefit (DB) pension plans. Closing a defined benefit plan often occurs in conjunction with an amendment that provides new or greater contributions under a defined contribution plan intended to replace accruals under the DB plan for new hires or other employees to whom the DB plan is closed. 2014-2 I.R.B. 276
Revenue Procedure 2014-8 (user fees)
2014 annual EP/EO revenue procedure on user fees. 2014-1 I.R.B. 242
Revenue Procedure 2014-6 (determination letters)
2014 annual EP determination letter revenue procedure. 2014-1 I.R.B. 198
Revenue Procedure 2014-5 (technical advice)
2014 annual EP/EO revenue procedure on technical advice. 2014-1 I.R.B. 169
Revenue Ruling 2014-3 (covered compensation tables)
Covered compensation tables under IRC section 401(l)(5)(E) for the 2014 plan year, for use in determining contributions to defined benefit plans and permitted disparity. 2014-2 I.R.B. 259
Notice 2013–84 (2013 Cumulative List)
2013 Cumulative List of Changes in Plan Qualification Requirements to be used by plan sponsors and practitioners submitting determination, opinion, or advisory letter during the period beginning February 1, 2014 and ending January 31, 2015. 2013-52 I.R.B. 822.
Notice 2013–74 (In-Plan Rollovers to Designated Roth Accounts in Retirement Plans)
Guidance on rollovers within a retirement plan to designated Roth accounts in the same plan (“in-plan Roth rollovers”). 2013-52, I.R.B. 819.
Announcement 2013-37 (Submission Deadline Extended)
Extends to January 31, 2014, the deadline to submit on-cycle applications for opinion and advisory letters for sponsors and practitioners maintaining defined benefit mass submitter lead plans for the plans’ second six-year remedial amendment cycle. 2013-34 I.R.B. 155
Notice 2013-17 (anti-cutback requirements)
Provides anti-cutback relief for ESOP plan amendments made to comply with the new diversification requirements of Internal Revenue Code Section 401(a)(35).
Revenue Procedure 2013-22 (403(b) pre-approved plan program)
Procedures for issuing opinion and advisory letters for pre-approved 403(b) plans. 2013-18 I.R.B. 985.
Revenue Procedure 2013-12 (EPCRS)
Updates the Employee Plans Compliance Resolution System (EPCRS) and modifies and supersedes Rev. Proc. 2008-50. 2013-4 I.R.B. 313. Announcement 2013-21 provides a revised Acknowledgement Letter (Appendix D).
Revenue Ruling 2013-2 (covered compensation tables)
Covered compensation tables under IRC section 401(l)(5)(E) for the 2013 plan year, for use in determining contributions to defined benefit plans and permitted disparity.
Notice 2012-76 (2012 cumulative list)
2012 cumulative list of changes in plan qualification requirements to be used by plan sponsors and practitioners submitting determination, opinion, or advisory letter applications for plans between February 1, 2013 and January 31, 2014. 2012-52 I.R.B 775.
Announcement 2012-44 (Hurricane Sandy Relief)
Streamlined rules for loans and hardship distributions to Hurricane Sandy victims. 2012-49 I.R.B. 663.
Revenue Procedure 2012-50 (governmental plan determination letters)
Individually designed governmental plan sponsors may elect to submit a determination letter application in Cycle E (instead of C). 2012-50 I.R.B. 708.
Notice 2012-70 (limitations on benefits)
Extends the deadline for adopting IRC Section 436 interim amendments to the last day of the 2013 plan year for most defined benefit plans. 2012-51 I.R.B (November 21, 2012).
TD 9601 (anti-cutback rules)
Final regulations offer a limited exception to the anti-cut back rules of IRC Section 411(d)(6) for a debtor in bankruptcy to amend its plan to eliminate lump-sum or accelerated payment options. 77 FR 66915 (November 8, 2012); 2013-10 I.R.B. 535.
News Release IR-2012-77 (cost-of-living adjustments)
Cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013.