Trump Account Plan Spurs Feedback on Dependents, Employer Rules

The IRS is weighing employer feedback around Trump Accounts after receiving a wave of public comments on proposed regulations for the child savings vehicles, including on definitions and documentation.

IRS Adds Saver’s Match Box to 2027 Form W-2 Draft

A draft of the 2027 federal wage and tax statement released Sept. 30 by the Internal Revenue Service adds a box for employers to report the destination number of their retirement plan eligible for the Saver’s Match contribution.

New York Suspends 2027 Standard Minimum Wage Raise

New York won’t be raising its standard minimum wage rates because of a special provision in state law, according to a new page on the governor’s website.

Colorado Decreases Family-Leave Premium Rate for 2027

Colorado is reducing its family-leave premium rate to 0.86% for calendar year 2027, according to an Oct. 6 Department of Labor and Employment press release.

Alabama Sheds Stigma Around Tax Approach to Remote Workers

Alabama-based businesses with remote workers can now operate with greater confidence after the state’s revenue department distanced itself from a controversial tax tribunal decision implying out-of-state staff could be taxed on their work for in-state employers.

Practitioner Insights

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Leo Tyree
Constangy, Brooks, Smith & Prophete
Fred Basehore
F.A. Basehore & Associates

Latest Stories

US Bars Microsoft, Indian Firms From Visa Program in Blow

The Trump administration accused Microsoft Corp., Adobe Inc. and a half-dozen other companies of abusing a US worker visa program and suspended them indefinitely from a longstanding immigration initiative that’s served as a crucial talent pipeline for Silicon Valley and Wall Street.

Tax Developments

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Democratic Republic of the Congo Budget Agency Releases Draft 2027 Finance Bill

The Congolese Ministry of Budget Sept. 28 released the draft 2027 Finance Bill. The bill includes measures to: 1) expand tax registration requirements, including mandatory tax identification numbers for specified ...

Ireland MOF Announces 2027 Budget

The Irish Department of Finance Oct. 6 announced the 2027 budget. The budget includes measures to: 1) increase the standard income tax rate thresholds for individual taxpayers by 2,500 euros ...

Missouri DOR Publishes 2027 Statutory Interest Rates for Tax Refunds

The Missouri Department of Revenue (DOR) published 2027 statutory interest rates. The deficiency interest rate and the refund interest rate for individual income tax and property tax credits are 7 ...

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