Hope says, "We should be better next month." A benchmark-based budget says, "Here is exactly what better means.”

Making estimated tax payments throughout the year can help reduce penalties and prevent unexpected tax bills at filing time.

As Form 5500 filing deadlines approach (extended due date of October 15 for calendar year plans), plan sponsors, administrators, recordkeepers, and auditors need to work together to gather information and evaluate plan operations for the year.

HHM is closely monitoring the TAS Act as it moves forward.

Hope Is Not a Plan: Tracking Trends

QPRTs remain a technical, narrowly-tailored planning tool. Their effectiveness depends on the grantor's age, the term selected, the prevailing Section 7520 rate, and careful attention to post-term rent and GST/ETIP issues.