Here is a summary of some of the key IRS and tax developments and news for September 6-10, 2021.
September 7, 2021 - A news release and Notice 2021-53 issued guidance for reporting qualified sick and family leave wages in 2021.
September 7, 2021 - The IRS published a news release reminder that the deadline for third quarter estimated tax payments is September 15, 2021.
September 7, 2021 - Internal Revenue Bulletin: 2021-36 highlights:
Notice 2021-51 The notice announces that the Treasury Department and the IRS intend to amend certain regulations under sections 1446(a) and 1446(f) to defer the applicability date to January 1, 2023.
Rev. Rul. 2021-16 Federal rates; adjusted federal rates; adjusted federal long-term rate, and the long-term tax exempt rate for September 2021.
September 7, 2021 - Final regulations TD 9952 regarding Certain Non-Government Persons Not Authorized to Participate in Examinations of Books and Witnesses as a Section 6103(n) Contractor were published in the Federal Register implementing rules about expert evaluation and assistance.
September 7, 2021 - A Notice and request for comments was published in the Federal Register for TD 8366 and TD 8431, Burden Related to the Allocation of Expenses by Real Estate Mortgage Investment Conduits.
September 7, 2021 - A Notice and request for comments was published in the Federal Register regarding Requirements Related to Energy Efficient Homes Credit; Manufactured Homes.
September 8, 2021 - A notice of public hearing on proposed regulations amending the rules for Electronic-Filing Requirements for Specified Returns and Other Documents, REG-102951-16.
September 8, 2021 - Tax relief available for Hurricane Ida victims in New York and New Jersey was announced in a news release; the October 15 deadline and other key dates were extended to January 3, 2022.
September 9, 2021 - The IRS announced tax relief due to the remnants of Hurricane Ida in New Jersey on their Tax Relief in Disaster Situations web page.
September 9, 2021 - The IRS announced tax relief due to the remnants of Hurricane Ida in New York on their Tax Relief in Disaster Situations web page.
September 9, 2021 - Tax relief available for Hurricane Ida victims in Mississippi was announced in a news release; the October 15 deadline and other key dates were extended to November 1, 2021.
September 9, 2021 - An IRS QuickAlert explained a programming issue impacting business taxpayers reporting COVID-19 employment tax relief on Form 941, expected to be fixed on September 26, 2021.
September 9, 2021 - The IRS "A Closer Look" column Celebrating Resilience and Renewal During National Small Business Week discusses how they help small businesses and self-employed individuals meet their tax obligations
September 10, 2021 - Temporary reg. TD 9953 Recapture of Excess Employment Tax Credits Under the American Relief Plan Act of 2021 was published in the Federal Register authorizing the assessment of erroneous refunds. The text serves as the text of proposed rule REG-109077-21 published the same day, comments and requests for hearing must be received by November 9, 2021.
September 10, 2021 - A news release provided a reminder that the cost of home testing for COVID-19 is an eligible medical expense reimbursable under FSAs and HSAs.
September 10, 2021 - This IRS news release announced tax relief due to remnants of Tropical Storm Fred in North Carolina.
September 10, 2021 - The IRS announced tax relief due to Hurricane Ida in Mississippi on their Tax Relief in Disaster Situations web page.
September 10, 2021 - A special edition of the IRS' e-News for Payroll Professionals announced National Small Business Week.
September 10, 2021 - A special edition of the IRS' e-News for Small Business announced National Small Business Week.
September 10, 2021 - An IRS Industry Flash announced the Treasury Virtual Job Fair on on September 22, 2021.