Employee benefits

New tax legislation is passing through Congress aimed at addressing several retirement issues.

The omnibus exposure draft addresses a variety of issues identified during the implementation and application of different pronouncements.

The Internal Revenue Service is allowing employers to truncate taxpayer identification numbers to protect employees from identity theft.

The Governmental Accounting Standards Board proposed new accounting and financial reporting guidance Friday on deferred compensation plans under Section 457 of the tax code.

For the accountant who is filing a Form 5500 for a self-employed individual, it may be the job of the accountant to report beneficiary information.

The day-off debate; SECURE’s flaw; IRS appeals mean a long wait; and other highlights from our favorite tax bloggers.

Not only would stretch IRAs be dead if the legislation were to pass in the Senate, but your clients’ profit-sharing plans could be next.

A short list of pointers for when students put down the diploma and pick up the tax return.

The Internal Revenue Service plans to end faxing of tax transcripts in June, and third-party mailing of tax returns and transcripts in July, to curb identity theft.

The Internal Revenue Service has issued the inflation-adjusted limits for health savings accounts for next year.

From human resources capabilities to portals and more, vendors are moving forward.

The bipartisan legislation will provide more retirement planning options for accountants to advise small business clients about, while also fixing a glitch in the Tax Cuts and Jobs Act that imposed the kiddie tax on children of deceased service members.

The U.S. House of Representatives approved legislation that relaxes the rules for retirement savers and corrects an unintended side-effect of the 2017 tax law that hit children of military members who died in combat with higher-than-expected tax bills.

As the U.S. retirement savings crisis continues to grow, legislators are taking steps to ensure all employees have access to formal retirement savings programs.

A poll conducted on behalf of the American Institute of CPAs found that young job seekers consider student loan reimbursement to be a bigger concern than retirement.

The bipartisan legislation aims to expand retirement savings by offering more tax incentives to individuals and small businesses.

Three bills that would make major change have already emerged from the Ways & Means Committee.

The Internal Revenue Service is making progress on improving the taxpayer authentication processes for its online applications, but more needs to be done.

According to a new report from LaSalle Network, graduating college students are starting to value balance and professional development over compensation.

The House Ways and Means Committee voted to approve legislation that would relax the rules for those saving for retirement.