Eight Questions Leadership Should Ask Before Trusting the WIP

Taxpayers and employers should review their records, policies, and contribution or leave program designs in light of the amended statutory rules and the latest available IRS guidance.

Hope says, "We should be better next month." A benchmark-based budget says, "Here is exactly what better means.”

Making estimated tax payments throughout the year can help reduce penalties and prevent unexpected tax bills at filing time.

As Form 5500 filing deadlines approach (extended due date of October 15 for calendar year plans), plan sponsors, administrators, recordkeepers, and auditors need to work together to gather information and evaluate plan operations for the year.

HHM is closely monitoring the TAS Act as it moves forward.