New Guidance on PPE as Medical Expense
The IRS has indicated that amounts paid for PPE that are primarily used to prevent the spread of COVID-19 are treated as amounts paid for medical care.
Adeyemo Confirmed as Deputy Secretary of the Treasury
Wally Adeyemo has been confirmed as Deputy Secretary of the Treasury after the Senate approved him in a bipartisan voice vote.
Marty Walsh Confirmed as Secretary of Labor
Former Boston Mayor Marty Walsh was confirmed on Monday as Secretary of the Department of Labor (DOL).
Updated Yield Curves and Segment Rates for DB Plan Calculations
The IRS has issued Notice 2021-22, which contains updated guidance on factors used in certain defined benefit pension plan minimum funding and present value calculations.
IRS Announces Extension to File Tax Return
The IRS has announced that tax filing due dates for 2020 tax year federal income tax returns will be automatically extended from April 15, 2021, to May 17, 2021.
Deadline Relief for Louisiana Victims of Storms
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Louisiana winter storm victims.
IRS Provides Updated Draft Withholding Forms
The IRS has made available a third early release 2022 tax year draft Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments.
DOL Proposes Withdrawal of Independent Contractor Rule
The Department of Labor (DOL) Wage and Hour Division has proposed to withdraw the independent contractor rule, which has not yet taken effect.
American Rescue Plan Act Provides Coronavirus Relief
President Biden has signed legislation that funds another round of assistance as the nation copes with the health and economic effects of the coronavirus pandemic.
President Signs Amended COVID-19 Relief Legislation
President Biden has signed into law the American Rescue Plan Act one day after the House of Representatives voted to pass the amended package.
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