PPP Reopens the Week of January 11 2021
Paycheck Protection Program reopens the week of January 11, 2021.
Final Regulations Published on Independent Contractor Status
Final regulations, entitled Independent Contractor Status Under the Fair Labor Standards Act, have been published in the Federal Register.
Deadline Relief for Mississippi Hurricane Zeta Victims
The IRS has announced the postponement of certain tax-related deadlines for Mississippi victims of Hurricane Zeta.
IRS Addresses Tax Benefits Related to PPP Loans
The IRS has issued Revenue Ruling 2021-02 guidance related to tax benefits associated with PPP loans.
Final Regulations on Offset Retirement Plan Loan Rollovers
IRS final regulations on offset retirement plan loan rollovers have been published in the Federal Register.
DOL Updates Q&As for Pandemic-Related Paid Leave
The DOL has issued an update to its Q & A guidance on paid employee leave under provisions of FFCRA.
IRS Releases 2021 Tax Year Reporting Forms 1099-R and 5498
The IRS has posted at its website the 2021 tax year version of Form 1099-R and Form 5498.
Deadline for CARES Act Retirement Plan Distribution Benefits
December 30, 2020, is the deadline for eligible taxpayers to take distributions from IRAs and employer-sponsored retirement plans that qualify for special tax benefits under CARES Act.
DOL Final Regulations on Independent Contractor Status
Final Independent Contractor Status Under the Fair Labor Standards Act regulations issued by the DOL have been received by the OMB.
Spending Bill Contains Coronavirus Relief
On December 21, 2020, Congress passed additional measures to provide economic relief from the effects of the coronavirus pandemic. On December 27, 2020, it was signed into law.
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