12/19/2019
401(k) plans may allow employees who are in financial difficulty to take hardship distributions. Final regulations, which implement portions of the 2018 Budget Act and the Tax Cuts and Jobs Act, ease up on the criteria for these distributions.
12/19/2019
You must file Form 945 for 2019 if you withheld income taxes from nonwage payments, like pensions, or backup withheld income taxes on payments to independent contractors.