18 Mar 2025
💼IRS Seeks Comments on Pension Funding Relief Proposal
Proposed Collection; Comment Request for Regulation Project
Summary
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the funding relief for multiemployer defined benefit pension plans under the American Rescue Plan Act of 2021.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
The IRS is inviting comments on funding relief for multiemployer defined benefit pension plans, which directly affects businesses participating in such plans. This regulation can inform business owners about potential financial assistance and compliance requirements under the American Rescue Plan Act.