December 30, 2020, is the deadline for eligible taxpayers to take distributions from IRAs and employer-sponsored retirement plans that qualify for special tax benefits under CARES Act.
Final Independent Contractor Status Under the Fair Labor Standards Act regulations issued by the DOL have been received by the OMB.
On December 21, 2020, Congress passed additional measures to provide economic relief from the effects of the coronavirus pandemic. On December 27, 2020, it was signed into law.
Legislation for a new round of economic relief for victims of the COVID-19 pandemic and extend funding for federal government agencies remains in pending status.
The IRS has extended temporary relief from the physical presence requirements for certain elections made by participants and beneficiaries.
Investment Advice Fiduciary Class Exemption Published, Effective Date Set
Final regulations expand flexibility of grandfathered group health plans and grandfathered group health insurance coverage.
Agreement reached on a new round of economic relief for victims of the COVID-19 pandemic.
The IRS announced the postponement of certain tax-related deadlines for Alabama victims of Hurricane Zeta.
The IRS has issued Revenue Ruling 2020-23 to address how employers may terminate 403(b) plans that contain custodial accounts.