Internal Revenue Service July 3, 2019 – Federal Register Recent Federal Regulation Documents

Multiple Employer Plans
Document Number: 2019-14123
Type: Proposed Rule
Date: 2019-07-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document sets forth proposed regulations relating to the tax qualification of plans maintained by more than one employer. These plans, maintained pursuant to section 413(c) of the Internal Revenue Code (Code), are often referred to as multiple employer plans or MEPs. The proposed regulations would provide an exception, if certain requirements are met, to the application of the ``unified plan rule'' for a defined contribution MEP in the event of a failure by an employer participating in the plan to satisfy a qualification requirement or to provide information needed to determine compliance with a qualification requirement. These proposed regulations would affect MEPs, participants in MEPs (and their beneficiaries), employers participating in MEPs, and MEP plan administrators.
Guidance on the Determination of the Section 4968 Excise Tax Applicable to Certain Private Colleges and Universities
Document Number: 2019-13935
Type: Proposed Rule
Date: 2019-07-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains proposed regulations for determining the excise tax applicable to the net investment income of certain private colleges and universities, as provided by the Tax Cuts and Jobs Act. These regulations affect applicable educational institutions and their related organizations.
Use of Truncated Taxpayer Identification Numbers on Forms W-2, Wage and Tax Statement, Furnished to Employees
Document Number: 2019-11500
Type: Rule
Date: 2019-07-03
Agency: Internal Revenue Service, Department of Treasury, Department of the Treasury
This document contains final regulations under sections 6051 and 6052 of the Internal Revenue Code (Code). To aid employers' efforts to protect employees from identity theft, these regulations amend existing regulations to permit employers to voluntarily truncate employees' social security numbers (SSNs) on copies of Forms W-2, Wage and Tax Statement, that are furnished to employees so that the truncated SSNs appear in the form of IRS truncated taxpayer identification numbers (TTINs). These regulations also amend the regulations under section 6109 to clarify the application of the truncation rules to Forms W-2 and to add an example illustrating the application of these rules. Additionally, these regulations delete obsolete provisions and update cross references in the regulations under sections 6051 and 6052. These regulations affect employers who are required to furnish Forms W-2 and employees who receive Forms W-2.