ON THE RECORD
“We believe that overly detailed, lengthy disclosures on plan
fees and costs may impair, rather than enhance, participants’ ability
to make informed decisions regarding their participant-directed plan
investments.”
— Treasury Benefits Tax Counsel W. Thomas Reeder,
at the
House Ways and Means Committee’s hearing
on retirement plan
fees and expenses, Oct. 30.
Source: U.S. Department of the Treasury, www.treasury.gov.
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Tackling TCJA changes this tax seasonReturn preparers must be ready for how the Tax Cuts and Jobs Act has modified many common features of individual and business returns.