Retirement

Regs on retirement-payment withholding updated

My practice continuation tool kit has a sample purchase agreement with explanations of each step of the process.

The U.S. Treasury Department still has yet to tell companies how to handle President Donald Trump’s order delaying the due date for employee payroll taxes, leaving major employers like Walmart Inc. in the lurch.

The IRS is reminding taxpayers about the CARES Act’s waiver of required minimum distributions for 2020.

The Democratic presidential nominee Joe Biden expressed optimism and hope about overcoming the economic crisis and other challenges during his acceptance speech at the virtual Democratic National Convention.

White House officials said the administration has no plans to do away with the payroll tax despite President Donald Trump saying he would seek a permanent repeal if he wins another term.

The moves were criticized by Democrats and some Republicans as, variously, providing little real help, an unconstitutional power grab from Congress, and a backhanded way to defund Social Security and Medicare.

President Donald Trump’s move to halt the collection of taxes that fund America’s main support programs for the elderly spurred a wave of political opposition and threatens to generate tension between employers and workers.

Aging clients require a different set of eyes.

The IRS offers guidance in Notice 2020-51 on the rollover period, which has been extended to Aug. 31.