IRS Releases 2018-19 Priority Guidance Plan

The Internal Revenue Service (IRS) and Department of Treasury released their 2018-2019 Priority Guidance Plan. The plan contains 239 guidance projects that are priorities for allocation of department resources for July 2018 through June 2019. The plan lists a variety of projects to be worked on actively throughout the plan year and does not place any deadline on project completion.

Forty-five items are listed as priorities for retirement plans, including:

  • Regulations updating the rules applicable to ESOPs.
  • Section 401(a) to governmental plans.
  • Regulations regarding Qualified Nonelective Contributions (QNECs) and Qualified Matching Contributions (QMACs).
  • Guidance on missing participants.

Sixteen items are listed under Executive Compensation, Health Care and Other Benefits, and Employment Taxes. A few of the items marked for priority are:

  • Ruling under §419A on the definition of post-retirement medical benefits.
  • Regulations amending §1.419A-2T relating to collectively-bargained welfare benefit funds.
  • Regulations under §457(f) on ineligible plans.
  • Regulations under §4980I on the excise tax on high cost employer-provided coverage.


(Posted November 7, 2018)