IRS Guidance Affects Employment Taxes
The IRS issued Notice 2021-24, which provides guidance following the passage of the American Rescue Plan of 2021 (ARPA).
DOL Withdraws Independent Contractor Rule
The Department of Labor (DOL) Wage and Hour Division is withdrawing the independent contractor rule that was scheduled to take effect on May 7, 2021.
Securing a Strong Retirement Act Re-Introduced
House Ways and Means Committee Chairman Richard Neal (D-MA) and Ranking Member Kevin Brady (R-TX) have introduced the Securing a Strong Retirement Act of 2021.
Deadline Relief for Alabama Storm Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Alabama victims of severe storms, straight-line winds, and tornadoes.
Deadline Relief for Kentucky Severe Storms Victims
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Kentucky victims of severe storms.
DOL Releases Additional Investment Advice Guidance
This latest DOL guidance package presents helpful information in a more understandable format.
IRS Clarifies Partial Plan Termination During Pandemic
The IRS released a Q&A on the temporary partial plan termination rules for qualified retirement plans in accordance with the Taxpayer Certainty and Disaster Tax Relief Act of 2020.
Department of Labor Releases Cybersecurity Guidance
On April 14, the DOL’s (EBSA) issued—for the first time—guidance on best practices for maintaining cybersecurity.
IRS Provides Details on Beneficiary Rules and CRD Repayments
The 2020 tax year version of IRS Publication 590-B reflects the following noteworthy updates pursuant to the passage of the SECURE, CARES, and Consolidated Appropriations Acts.
Additional Prohibited Transaction Exemption Guidance
The Department of Labor (DOL) has issued two pieces of guidance on its new fiduciary advice prohibited transaction exemption, PTE 2020-02.
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