2020-08-24 The Week of the Two Letters

This week we look at: Qualified plan loan offset amount proposed regulations issued to deal with TCJA plan loan rollover provision US Chamber of Commerce and other organizations issue letter describing issues with payroll tax holiday Presidential memo IRS warns…

2020-08-24 The Week of the Two Letters

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This week we look at:

Qualified plan loan offset amount proposed regulations issued to deal with TCJA plan loan rollover provision
US Chamber of Commerce and other organizations issue letter describing issues with payroll tax holiday Presidential memo
IRS warns employees to wait to file Forms 941-X on second quarter 2020 941s until new form released in late September
Chair of Ways & Means asks to IRS to pause sending notices that may relate to unopened payments and IRS complies two days later
IRS begins accepting 2019 amended individual returns electronically
Payments of interest on 2019 tax refunds are being paid out to taxpayers

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