The IRS has released final regulations that provide de minimis error safe harbor exceptions to penalties for failure to file correct information returns or furnish correct payee statements.
The IRS has issued Revenue Ruling 2024-02, which contains the applicable federal rates (AFR) for January 2024.
The Federal Emergency Management Agency issued a disaster declaration on December 13, 2023, for Tennessee severe storms and tornadoes, for the incident period of December 9, 2023.
Two Department of Labor (DOL) regulatory actions have been removed from the Office of Management and Budget’s list for review.
The Internal Revenue Service has released a proposed regulation reflecting statutory changes related to long-term, part-time employees made by the SECURE Act of 2019 (SECURE Act) and the SECURE 2.0 Act of 2022 (SECURE 2.0).
The Office of Management and Budget has received a proposed rule from the Department of Labor titled “Exemption for Certain Automatic Portability Transactions”.
The Senate and House committees of jurisdiction have released a draft containing technical corrections and other clarifications to SECURE 2.0.
The Department of Labor has issued a final rule updating the Davis-Bacon Act and the Davis-Bacon Related Acts nearly 40 years after the Department last completed a comprehensive revision of the guidelines.
The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of taxpayers impacted by elevated levels of lead and copper in water supply in Saint Croix, US Virgin Islands.
The IRS has released a proposed rule reflecting statutory changes made by the SECURE Act and SECURE 2.0 related to long-term, part-time employees.