Advice

The Department of Health and Human Services and the IRS have released their inflation adjusted figures for group health plans for the 2020 calendar year.
Payroll audits that result in tax underpayments have an unexpected, ugly side effect: employees will have additional FICA-taxable income. Worse: You may be completely out-of-pocket for the underwithheld income taxes that are now due. The IRS, in technical advice to auditors, instructs them on how to handle this additional income and taxes.
Revenge W-2s and 1099s are never a good idea. If you have a beef with a former employee, it would be best to leave the Social Security Administration and the IRS out of it.
The 2019 W-2 is largely unchanged. Box 9, however, is again shaded out.
The IRS is a prodigious publisher. Here are digests of three general interest letters.
Final regulations firm up the requirements for certified professional employer organization status and also affect clients’ relationships with CPEOs.
You can’t tug on Superman’s cape, you can’t spit into the wind and you can’t mess around with income tax withholding. This message seems to have slipped by one individual taxpayer and one business taxpayer, both of whom ended up in the IRS’ cross hairs.
The bulk of the Taxpayer First Act of 2019 deals with updating and modernizing the IRS. The payroll provisions, however, may not be so easy to swallow.
The Tax Cuts and Jobs Act hiked the value of cars, trucks and SUVs that qualify for the standard mileage rate valuation method for employees who put personal miles on company vehicles.
What to do now that the Department of Labor has proposed regulations that would increase the guaranteed weekly salary employees must earn to retain their FLSA-exempt status? Key: The regs don’t change the Fair Labor Standards Act’s exempt duties tests.