Advice

Postage downloaded from the internet isn’t enough to prove that you timely mailed something to the IRS or a court. You must also prove that your package would have been delivered no later than a package bearing United States Postal Service postage.

There are three potential filing dates that apply to your 2017 Forms 1099-MISC. The IRS now says all those forms should have been sorted. If they weren’t, you may be subject to a failure-to-file penalty.

The IRS is just now getting around to sending out penalty notices to applicable large employers that didn’t offer 70% of their full-time employees affordable group health insurance that provided minimum value during 2015.

Two big breaks: The IRS has released the 2018 percentage method withholding tables, which should be put into effect by Feb. 15. Employees don’t have to refile their W-4s with you. Here are highlights of the law.

The IRS’ standard mileage rate, which you can use to reimburse employees who drive their own cars on business, increases to 54.5¢ a mile for 2018, up one penny from the 2017 rate.

California is the only state that is subject to a FUTA credit reduction for 2017, according to the Employment and Training Administration.

Fail to pay employees minimum wages or overtime and you will routinely be socked with having to also pay them liquidated, or double, damages. The issue: How deep in the hole are you?

You’re going to be extraordinarily busy this month. The best strategy is to head off employees’ W-2 questions now. Consider using this template to communicate basic information to employees about their W-2s.

The IRS has adjusted the information return penalties for 2019 information returns you’re required to file in 2020.

Payroll news you can use

December 20, 2017

Here are digests of some recently released official announcements from the federal government.