The guidance applies to rollovers between retirement plans or between a retirement plan and an individual retirement account, but not to IRA-to-IRA transfers.
IRS provides guidance on retirement plan rollovers
The Internal Revenue Service and the Treasury Department offered guidance on rollovers between retirement plans and individual retirement accounts.
FinCEN ends beneficial ownership reporting
The Treasury Department’s Financial Crimes Enforcement Network issued a final rule permanently removing the requirement for U.S. companies and people to report beneficial ownership information.
Most execs trust AI despite errors
Despite high confidence from leaders in AI, 26% of executives said internal audits have detected AI errors that reached external audiences or the board.
IRS proposes rules on employer contributions to Trump accounts
The proposed regulations clarify nondiscrimination requirements for employers offering Trump account contribution programs and dependent care assistance.
UHY acquired Michigan CFO Associates in Clinton Township, Michigan, expanding the Top 50 Firm’s advisory capabilities.
