Taxes Content

On Sept. 5, 2024, the IRS and Treasury issued Notice 2024-65, Request for Comment Regarding Implementation of Saver's Match Contributions. The Notice poses 29 broad questions seeking detailed input from all interested stakeholders to inform IRS and Treasury as they work to implement...

ICI sent a comment letter to the IRS and Treasury, responding to the notice of proposed rulemaking that would amend the regulations governing required minimum distributions from retirement plans and IRAs to reflect changes made by the SECURE 2.0 Act.

The ICI Spreadsheets and instructions for use in reporting 2024 tax information are available on the ICI website, at: https://www.ici.org/year-end-tax-reporting. ICI members populate tax information in these spreadsheets on behalf of the regulated investment companies that they manage...

The US Government Accountability Office (GAO) recently published a report focused on conflicts of interest between fiduciaries and investors.

IRS on August 19, 2024, issued Notice 2024-63, "Guidance Under Section 110 of the SECURE 2.0 Act with Respect to Matching Contributions Made on Account of Qualified Student Loan Payments.

The IRS and Treasury have released a long-awaited set of rulemakings to amend the regulations governing required minimum distributions from retirement plans and IRAs.

Two courts have granted stays in lawsuits against the Department of Labor regarding its regulatory package on fiduciary investment advice.

The Internal Revenue Service and US Treasury Department issued final procedural regulations on the stock buyback excise tax on June 28th. The final regulations generally require a covered corporation to file an excise tax return (on Form 7208) reporting share repurchases and issuances...