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  • Staff Reporter 1
    HHS Finalizes Good Guidance Practices Rule and Issues Advisory Opinion Regarding Compliance with Notice-and-Comment Obligations
    by Staff Reporter 1
    U.S. Department of Health and Human Services Finalizes Good Guidance Practices Rule and Issues Advisory Opinion Regarding Compliance with Notice-and-Comment Obligations | site |


    (Information contained in U.S. Department of Health and Human Services press release: December 3, 2020)

    Today, the Department of Health and Human Services (HHS) finalized a Good Guidance Practices rule to help ensure that the public receives appropriate notice of new guidance documents and that HHS guidance documents do not impose obligations on regulated parties that are not already reflected in statutes or regulations. This final rule implements Executive Order 13891 and is part of a broader regulatory reform initiative within HHS. The Good Guidance Practices regulation clarifies HHS’s obligations under the Administrative Procedure Act and enhances how HHS issues and maintains guidance documents. The rule requires all guidance documents issued after the rule’s ef
    ...
    12-04-2020, 11:07 PM
  • Staff Reporter 1
    IRS to Employers - - - Remember February 1, 2021 Deadline for Form W-2, other Wage Statements
    by Staff Reporter 1
    U.S. Internal Revenue Service to Employers: Remember February 1, 2021 Deadline for Form W-2, other Wage Statements | site |



    (Information contained in U.S. Internal Revenue Service [IRS] press release: December 3, 2020)

    Washington - - The Internal Revenue Service today reminded employers that they must file Form W-2 and other wage statements by February 1, 2021, to avoid penalties and help the IRS prevent fraud.

    A 2015 law made it a permanent requirement that employers file copies of their Form W-2, Wage and Tax Statements, and Form W-3, Transmittal of Wage and Tax Statements, with the Social Security Administration by January 31. That is also the date the Forms W-2 are due to workers. This upcoming tax season, however, January 31 falls on a Sunday, pushing the due dates to the next business day, which is Monday, February 1.

    Certain Forms 1099-MISC, Miscellaneous Income and Forms 1099-NEC, Nonemployee Compensation,
    ...
    12-04-2020, 10:08 PM
  • Staff Reporter 1
    U.S. Department of Education Announces Major Settlement with Temple University
    by Staff Reporter 1
    U.S. Department of Education Announces Major Settlement with Temple University | site |



    (Information contained in U.S. Department of Education press release: December 4, 2020) Washington - - U.S. Secretary of Education Betsy DeVos announced today a settlement agreement with Temple University for what the Department alleges are false representations to U.S. News & World Report to bolster the school's ranking in the annual U.S. News college rankings. The Department's investigation probed the alleged submission of false information by Temple's Fox School of Business and Management ("Fox School") to U.S. News & World Report between 2014 and 2018. "We know many students rely on rankings to make decisions, and in this case students were presented deliberately falsified information by Temple's Fox School," said Secretary DeVos. "It has been our commitment from day one to hold all higher education institutions — non-profit, proprietary, and public — accounta...
    12-04-2020, 09:04 PM
  • Staff Reporter 1
    Federal Reserve Board announces Results from Second Round of Bank Stress Tests will be Released Friday, December 18, at 4:30 p.m. EST
    by Staff Reporter 1
    Federal Reserve Board announces Results from Second Round of Bank Stress Tests will be Released Friday, December 18, at 4:30 p.m. EST | site |


    (Information contained in Board of Governors of the Federal Reserve System press release: December 4, 2020) The Federal Reserve Board announced on Friday that results from its second round of bank stress tests will be released on Friday, December 18, at 4:30 p.m. EST. Stress tests help ensure that banks have adequate capital to absorb losses so that they can lend to households and businesses even in a severe recession. For this second round of stress tests, large banks will be tested against two scenarios, each featuring a severe recession to assess their resiliency. Earlier this year, the Board's first round of stress tests found that large banks were well capitalized. Nonetheless, in light of the economic uncertainty, the Board is conducting this second round to further test the resiliency of banks. Banks with mo...
    12-04-2020, 08:33 PM
  • Staff Reporter 1
    NIH Researchers link Cases of ALS and FTD to a Mutation associated with Huntington’s Disease
    by Staff Reporter 1
    National Institutes of Health Researchers link Cases of ALS and FTD to a Mutation associated with Huntington’s Disease | site |




    NIH says previously unknown genetic connection could be a target for gene therapy.



    (Information contained in National Institutes of Health [NIH] press release: December 4, 2020) A study led by researchers at the National Institutes of Health has made a surprising connection between frontotemporal dementia (FTD) and amyotrophic lateral sclerosis (ALS), two disorders of the nervous system, and the genetic mutation normally understood to cause Huntington’s disease. This large, international project, which included a collaboration between the National Institute of Neurological Disorders and Stroke (NINDS) and the National Institute on Aging (NIA), opens a potentially new avenue for diagnosing and treating some individuals with FTD or ALS. Several neurological disorders have been linked to “repeat expan...
    12-04-2020, 08:06 PM

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