Congress Must Prevent Last-Minute Social Security Reckoning, Experts Warn
Trustees Report shows lawmakers should act to "avoid inconceivably large tax increases or benefit cuts imposed at the last moment," says the Bipartisan Policy Center.
Senate Panel Extends More Than 50 Tax Breaks
Sen. Orrin Hatch says the package includes widely supported tax provisions and “will provide some certainty in the tax code for the next two years.”
Tax Working Groups Submit Reports to Senate Finance
The Senate Finance Committee's five bipartisan tax writing working groups submitted their reports Wednesday to the committee’s leaders on ways to reform the tax code.
Taxpayers’ Private Data Stolen From IRS Website
Identity thieves hack information of 104,000 taxpayers and net $50 million in fake refunds.
DOL Extends Fiduciary Comment Period by 15 Days
With the 15-day extension, “the initial comment period will be 90 days and the department anticipates the opportunity for public comments may be more than 140 days in total,” DOL says.
Top GOP Senators Press DOL to Extend Fiduciary Comment Period
Majority Leader Mitch McConnell and HELP Committee leader Lamar Alexander were among those sending the letter asking for a 45-day extension.
Sen. Hatch: SAFE Retirement Act Will Be Reintroduced
Senate Finance Chairman Orrin Hatch, R-Utah, plans to resubmit legislation to stop DOL from writing fiduciary rules for IRAs.
Retirement Solutions for Small-Business Owners
Small-business owners have a lot of flexibility in helping their employees save for retirement, according to Chris Carosa of FiduciaryNews.
Senate Finance Passes 529 Reform Bill
The bipartisan bill modernizes the treatment of 529 plans in three ways.
529 College Plan Bill to Be Debated in Senate Committee
The bill is intended to "modernize" 529 plans and would designate computers as a qualified expense, among other provisions.