Representative Neal Introduces Automatic IRA Act of 2024 Bill
Representative Richard Neal (D-MA), House Ways and Means Committee Ranking Member, has introduced the Automatic IRA Act of 2024.
IRS Releases Final Guidance on Penalty Exceptions for Failure to File Correct Information Returns or Furnish Payee Statements
The Internal Revenue Service has released final regulations that provide de minimis error safe harbor exceptions to penalties for failure to file correct information returns or furnish correct payee statements.
Disaster Assistance May Be Available for West Virginia
The Federal Emergency Management Agency issued a disaster declaration on January 30, 2024, for West Virginia severe storms.
Disaster Assistance May Be Available for Maine
The Federal Emergency Management Agency issued a disaster declaration on January 30, 2024, for Maine severe storms and flooding.
Deadline Relief for Severe Storms in Connecticut
The IRS has announced the postponement of certain tax-related deadlines for victims in parts of Connecticut affected by severe storms, flooding, and a potential dam breach.
Retirement Plan Disaster Assistance May Be Available for Rhode Island Severe Storms
The Federal Emergency Management Agency issued a disaster declaration on January 7, 2024 for Rhode Island severe storms, flooding, and tornadoes.
Washington Pulse: IRS Releases Guidance on SECURE 2.0 Provisions
The Internal Revenue Service has released Notice 2024-02, which provides guidance in a question and answer format regarding several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0).
IRS Announces Applicable Federal Rates for February
The IRS has issued Revenue Ruling 2024-03, which contains the applicable federal rates (AFR) for February 2024.
OMB Completes Review of DOL Automatic Portability Exemption Proposal
A Department of Labor proposed rule titled Exemption for Certain Automatic Portability Transactions has been removed from the Office of Management and Budget’s list for review.
DOL Issues Final Rule to Clarify Employee or Independent Contractor Status
The Department of Labor Wage and Hour Division has issued a news release and final rule to clarify whether a worker qualifies as an employee or an independent contractor under the Fair Labor Standards Act.
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