News & Events

IRS Addresses Withholding and Reporting on Escheated Qualified Plans

(October 16, 2020) The IRS has released Revenue Ruling 2020-24 addressing federal income tax withholding and…

List of Permissible Reasons for Self-Certified Late Rollover Expanded

(October 16, 2020) The IRS has released Revenue Procedure 2020-46 which modifies and updates Revenue…

Taxable Wage Base Increase for 2021

(October 13, 2020) The Social Security Administration has announced in a news release that the…

House Passes New COVID-19 Relief Bill; Negotiations Continue

(October 5, 2020) On Thursday, October 1, the House of Representatives passed the Health and…

IRS Issues Final Regulations for Income Tax Withholding on Periodic Distributions

(September 28, 2020) The IRS has issued final regulations updating the federal income tax withholding…

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Brainerd, MN 56401
Phone: 218-824-4900
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convergent@convergentrps.com