ira

The SBA has issued an interim final rule that would allow business owners who file a Schedule C to use gross income in determining payroll costs for PPP loans. 

The IRS has released final regulations on computing unrelated business taxable income (UBTI) for a tax-exempt organization. 

The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Texas winter storm victims. 

The IRS has made available a 2022 tax year draft Form W-4P and indicates that the form will be split into two forms. 

Unfortunately, many employers don’t consider how to handle missing participants’ account balances or how to prevent losing track of participants in the first place. 

At the end of 2019, the IRC was amended to create a mandatory 60-day postponement for certain federal tax-related deadlines in the event of a disaster. 

The DOL’s EBSA has confirmed that prohibited transaction exemption 2020-02 entitled, “Improving Investment Advice for Worker & Retirees,” will take effect on February 16. 

Published in the Federal Register is an IRS notice of public hearing on proposed regulations for automatic 60-day postponement of certain deadlines following federally declared disasters. 

IRS Proposes Regulations for Automatic Deadline Postponements for Federally Declared Disasters  

Paycheck Protection Program reopens the week of January 11, 2021.