The final regulations, which taxpayers generally may choose to apply on or after January 1, 2020, adopt the proposed regulations with few changes.
The IRS issued a redesigned Form W-4 for 2020 to reflect the TCJA changes. Employers were required to collect the new Form W-4 from new hires, but not from current employees. Although employers were permitted to request employees submit a new Form W-4, employers were not permitted to require the new form.
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The Preamble of the final regulations address commenters’ concerns about an employer’s requirement to maintain two systems to determine withholding. Specifically, the Preamble announces that the IRS will address those concerns by (1) issuing additional instructions to the redesigned Form W-4 for employees with multiple jobs and (2) providing “optional computational bridge entries” to be described in the 2021 Publication 15-T (Federal Income Tax Withholding Methods).
Quite a lot has been going on:
Would Biden or Trump recover lost jobs, boost the economy faster?
President Donald Trump and former Vice President Joe Biden have offered strikingly different blueprints for lifting the U.S. out of the COVID-19-induced economic downturn – the nation's worst since the Great Depression.
Trump has promised more cuts to taxes and regulations, and hinted at additional tariffs against China.
Biden has vowed to raise taxes on the wealthy and corporations, using the trillions of dollars generated to upgrade the nation's infrastructure and shift to a clean-energy future, make housing and child care more affordable and improve education, among other proposals.
Spending In California's Ballot Proposition Fights Tops $750 Million -
If you’ve felt inundated by mailers, text messages and TV ads about California’s 12 ballot propositions recently, it’s because there’s been a record-breaking amount of cash this year funneled into campaigns looking to sway your vote.
As of Monday, campaigns for and against the initiatives on this year’s ballot have raised a combined $766 million.
“The amount of money really is absolutely astonishing,” said Jessica Levinson, a professor at Loyola Law School in Los Angeles.
'Opportunity Zone' Program Would Survive but Be Changed Under Biden | Texas Lawyer
Boies Schiller Flexner Misses Associate Salary Raise Deadline as Rumors Swirl About Cash Flow Issues
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Official and unofficial messaging from various levels of state and federal government points to an understanding that vote counting might take longer this year due to the time it takes to process and manually confirm the votes cast remotely.
It's the most spooktacular and hauntingly fun time of year again --- Halloween! But the typical questions people ask themselves as the big day, October…
Quite a lot has been going on:
Opinions vary on new rental regulations | Local News | The Brunswick News
United Way of Coastal Georgia recently hosted the fourth annual Kickball for a Cause tournament, which raised money for the nonprofit's annual fundraising campaign.
An annual Veterans Day ceremony arranged by the Veterans Council of the Golden Isles is on, but the accompanying Mallery Street parade is not.
The debate surrounding a Confederate monument in downtown Brunswick won't end if city commissioners vote at Wednesday's meeting to remove it.
Indonesian President Quietly Signs Divisive Bill Into Law Overnight - The New York Times
The omnibus law was first pitched as a vital jobs-creation effort that would resuscitate Southeast Asia's largest economy, slashing red tape and clearing a thicket of regulations that have discouraged investment.
But when they woke up on Tuesday, few Indonesians knew exactly what was in the new law, which had suddenly expanded from 812 to 1,187 pages. Inconsistencies abounded: Article 6 of 186, for instance, referred to an article 5(1) that was nowhere to be found.
Europe To Release Drafts Of Digital Legislation | PYMNTS.com
Here's the latest news from Google and the technology industry, which is coming under increasing global scrutiny from regulatory watchdogs, consumers and organizations.
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"In just a few weeks, we plan to publish two draft laws that will help to create a more trustworthy digital world," Vestager said.
The Digital Services Act will be one of the regulations, which Vestager said will revise the eCommerce Directive and will make digital services take additional responsibility for contending with "illegal content and dangerous products."
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