The Internal Revenue Service 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 Internal Revenue Service has released Notice 2024-02, which provides guidance in a question and answer format regarding several provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0).
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 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 proposed rule expands the definition of fiduciary; requires that advice being given to a broader range of retirement investors meet fiduciary standards; and treats more rollover recommendations as fiduciary advice.
The IRS recently released proposed regulations regarding the use of forfeitures within qualified retirement plans.
This bill was included in the Consolidated Appropriations Act of 2023, which was signed into law on December 29, 2022.
The House of Representatives has passed the Consolidated Appropriations Act of 2023, HR 2617, today with a 225-201-1 vote.
The Davis-Bacon Act (DBA) has played a major role in the construction industry for over 90 years.
To help expand access to MEPs, the IRS has released proposed regulations, which provide a welcome exception to the unified plan rule.