WASHINGTON, Oct. 21 -- The U.S. Department of the Treasury's Internal Revenue Service issued the following IRS Employee Plans News:

The Internal Revenue Service today announced temporary administrative relief from reporting and recordkeeping requirements relating to taxes imposed by section 4041(a) of the Internal Revenue Code. The relief addresses temporary compliance burdens while the Department of the Treasury and the Internal Revenue Service evaluate simplified procedures for administering those requirements.

In administering the requirements prescribed under sections 6001 and 6011, the IRS will not challenge temporary failures to meet return-filing, reporting or recordkeeping requirements solely attributable to liability under sectio...