Chester County News and Community Website
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service have issued guidance for employers and employees with terminating 403(b) plans that fund benefits through 403(b)(7) custodial …
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WASHINGTON, D.C. — The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2021 in Notice 2020-79, posted this week …
Read More WASHINGTON, D.C. — The Internal Revenue Service is reminding IRA owners, beneficiaries or workplace retirement plan participants who received a Required Minimum Distribution (RMD) this year that they have until …
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WASHINGTON, D.C. — The Internal Revenue Service is providing a reminder that the Coronavirus Aid, Relief, and Economic Security (CARES) Act can help eligible taxpayers in need by providing favorable …
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WASHINGTON, D.C. — The Internal Revenue Service is reminding seniors and retirees that they are not required to take money out of their IRAs and workplace retirement plans this year.
Read More WASHINGTON, D.C. — The Internal Revenue Service is reminding people that contributions to traditional Individual Retirement Arrangements (IRAs) made by the postponed tax return due date of July 15, 2020, …
Read More WASHINGTON, D.C. — The Internal Revenue Service announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll …
Read More WASHINGTON, D.C. — The Internal Revenue Service released Notice 2020-50 (PDF) to help retirement plan participants affected by the COVID-19 coronavirus take advantage of the CARES Act provisions providing enhanced access …
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West Chester-based law firm Gawthrop Greenwood is advising workers and retirees to update their estate plans, now that the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) became effective …
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Beginning on January 1, 2020, after nearly three years, the Setting Every Community Up for Retirement Enhancement (SECURE) Act became effective. The bill impacts how money is saved for retirement …
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