IRS on Track to Clear Most Retirement Law Regulations in 2023

The IRS has set a tentative deadline for the end of 2023 to complete most of its regulatory work implementing workplace retirement plan changes under the SECURE Act, according to officials speaking at the American Bar Association’s Fall Tax Meeting in Dallas.

Provisions of the 2019 law eliminating safe harbor notice requirements for nonelective contributions, enhancing benefits for long-term part-time employees, and allowing participants to take out loans from their plans to cover child adoption costs should be proposed later this year or early next year, said Bill Evans, an IRS attorney-adviser.

The project is “big with lots of pages,” ...