[11767]
March 27, 2000
TO: PENSION COMMITTEE No. 21-00
PENSION OPERATIONS ADVISORY COMMITTEE No. 22-00
RE: TREASURY AND IRS ISSUE REGULATORY PRIORITIES FOR 2000
______________________________________________________________________________
The U.S. Department of the Treasury and the Internal Revenue Service have released their 2000
Priority Guidance Plan, which indicates matters to which the IRS and Treasury’s Office of Tax Policy
intend to devote attention in 2000. While the list is not an exclusive one, it provides a useful
understanding of what IRS considers its priorities for the year.
We have attached the statement accompanying the Priority Guidance Plan and portions of the
Plan addressing employee benefits issues. There are 35 retirement plan items. Of particular note are
plans to finalize plan loan regulations; issue guidance under section 401(a)(9); issue guidance under
section 411(d)(6) relating to optional forms of payment; clarify Roth IRA reporting requirements; issue
guidance relating to the determination of earnings on excess IRA contributions; issue guidance on the use
of new technologies in delivering notices; and issue guidance on section 457 plans, including reporting
and withholding.
Russell G. Galer
Senior Counsel
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