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.
DOL Announces Non-Enforcement of ESG and Proxy Rules
The Department of Labor (DOL) has issued a statement that it will not enforce two final rules that were issued late in 2020.
Schedule C Tax Filers to Use Gross Income for PPP Loans
The SBA has issued an interim final rule that would allow business owners who file a Schedule C to use gross income in determining payroll costs for PPP loans.
DOL Delays Effective Date for Independent Contractor Regulations
The DOL Wage and Hour Division has finalized its proposal to delay until May 7, 2021, the effective date of final regulations on independent contractor status.
IRS Regulations Address Tax on Unrelated Businesses in Plans
The IRS has released final regulations on computing unrelated business taxable income (UBTI) for a tax-exempt organization.
House Passes COVID-19 Relief Bill
The House of Representatives has passed the American Rescue Plan Act of 2021 to provide additional relief to address the continued impact of COVID-19.
COVID-19 Relief for Benefit Plans Continued
The DOL’s Employee Benefits Security Administration (EBSA) has released Disaster Relief Notice 2021-01 providing guidance on the duration of COVID-19-related relief.
IRS Issues Deadline Relief for Texas Victims of Winter Storms
The IRS has issued a news release announcing the postponement of certain tax-related deadlines for Texas winter storm victims.
New Withholding Form to Be Used for 2022
The IRS has made available a 2022 tax year draft Form W-4P and indicates that the form will be split into two forms.
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