Overview
Final Regulations on Minimum Required Contributions for Certain Defined Benefit Plans:Today the Internal Revenue Service and the Department of the Treasury promulgated final regulations regarding the determination of minimum required contributions for single-employer defined benefit pension plans and rules for the excise tax for failure to satisfy the minimum funding requirements for defined benefit pension plans. The regulations apply to plan years beginning on or after January 1, 2016.
Miscellaneous Guidance:
In Rev. Proc. 2015-44, the IRS announced the elimination of the Appeals arbitration program and obsoleted Revenue Procedure 2006-44, 2006-2 C.B. 800, which had formally established the program.