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TREAS/IRS | RIN: 1545-BN20 | Publication ID: Spring 2019 |
Title: Certified Professional Employer Organizations (Temporary) | |
Abstract:
The Stephen Beck, Jr., Achieving a Better Life Experience (ABLE) Act of 2014, enacted on December 19, 2014, as part of the Tax Increase Prevention Act of 2014 (Pub. L. 113-295), requires the IRS to establish a voluntary certification program for professional employer organizations (PEOs). Section 206 of the ABLE Act creates two new Code sections, 3511 and 7705, relating to the tax consequences and requirements for certified PEOs (CPEOs). Sections 3511(h) and 7705(h) provide that the Secretary shall prescribe such regulations as may be necessary or appropriate to carry out the purposes of those sections. The regulations will address the requirements an entity needs to satisfy in order to become and remain a CPEO and the tax consequences resulting from and associated with becoming a CPEO. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Other | |
CFR Citation: 26 CFR 301.7705-1T 26 CFR 301.7705-2T 26 CFR 31.3511-1 | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 3511 26 U.S.C. 7705 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-127561-15 (Temp) Drafter attorneys: Nina Roca (202) 317-6798 Reviewer attorney: Andrew Holubeck (202) 317-4774 Treasury attorney: Stephen LaGarde (202) 622-1352 CC:TEGE | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Nina Roca Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 4010, Washington, DC 20224 Phone:202 317-4774 Fax:855 592-9845 Email: nina.m.roca@irscounsel.treas.gov |