Retirement Tax Guidance Nearing Completion, IRS Officials Say

July 20, 2020, 9:06 PM

Regulators are working to finish up several retirement-related guidance projects that got sidelined by the coronavirus pandemic, IRS officials told practitioners Monday.

“We should see more SECURE Act guidance,” Stephen Tackney, deputy associate chief counsel for employee benefits at the IRS, said during an ERISA Industry Committee (ERIC) webinar on the agency’s priorities. The Setting Every Community Up for Retirement Enhancement Act (SECURE) Act, which took effect Jan. 1, governs tax breaks for retirees.

The ERIC-sponsored forum focused on tax breaks ushered in by the $2 trillion stimulus law enacted in March, but Tackney said languishing projects dating back to...

To read the full article log in. To learn more about a subscription click here.