Regulatory and Legislative

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. The Senate Finance Committee unanimously approved his nomination in March before the Senate floor vote.

The deputy secretary plays a primary role in the formulation and execution of Treasury policies and programs in all aspects of the department's activities. Adeyemo has previously served as deputy director of the White House National Economic Council and deputy national security adviser during the Obama administration. He also served in several senior management positions at the Department of Treasury—including senior advisor and chief of staff. Before this appointment, Adeyemo was a senior advisor at Black Rock.

IRS

Regulatory and Legislative

IRS Provides 2024 Electronic Filing Relief for Form 5330

IRS Provides 2024 Electronic Filing Relief for Form 5330

The IRS notes in a new post that electronic filing of Form 5330, Return of Excise Taxes Related to Employee Benefit Plans, will not be required for the remainder of the 2024 taxable year—confirming that taxpayers may continue to file by paper.