Accounting, tax, auditing news

Trump account prop. regs. clarify $2,500 limit for workers

The proposed regulations, which the IRS said would affect millions of children, families, and employers, also address self-employed owners, Sec. 125 cafeteria-plan contributions, and employer matching of the government’s $1,000 pilot-program contribution.

Final regs. issued for Sec. 3406 backup withholding rules

4 Social Security rules that surprise clients — and some advisers

IRS updates overtime deduction FAQs, adds reporting details

PEEC to continue discussions on alternative practice structures

IRS adds notices, payment features to business tax accounts

IRS guidance addresses expanded paid family and medical leave credit