Groom: In Brief

The IRS rarely rules on issues involving life insurance and annuity contracts, so recent IRS private letter rulings 202625002 and...

On June 22, 2026, as required by the court, the Defendants, the Department of Health and Human Services ("HHS"), filed their opposition...

On June 5, 2026, the Treasury Department and IRS issued IRS Notice 2026-36 (the “Notice”), announcing that proposed regulations under IRC...

On June 3, 2026, plaintiffs City of Columbus et al. (including municipalities, local governments, and advocacy organizations) filed a...

On May 20, 2026, Governor Spanberger signed SB 199/HB 5, a new statewide Paid Sick Leave (“PSL”) program (“Act”). Virginia previously...

Today, the IRS issued Revenue Procedure 2026-24, which provides inflation adjustments for Health Savings Accounts ("HSAs"), Excepted...

The IRS regulations (Treas. Reg. section 1.408-2(e)(5)(ii)) provide a mathematical rule for nonbank trustees to demonstrate that they...

On 5/28/26, the Departments of Health and Human Services, Labor, and the Treasury released final rules modifying the Federal independent...

The IRS has released Notice 2026-34, establishing the 2026 Cumulative List of Changes in Plan Qualification Requirements for Defined...

New for 2026, defined contribution plans (401(k), 403(a), profit sharing plans, 403(b), 457(b) plans) can allow participants to use...

On May 15, 2026, the U.S. Department of Health and Human Services (HHS), through the Centers for Medicare & Medicaid Services (CMS),...

Great news for retirement plan participants who wish to make charitable distributions directly from their qualified plan accounts!  A...