Alice Gliman

The IRS issued guidance earlier this year allowing employees to cancel their pretax contributions into health and dependent care FSAs. But what can employees do with the money they salted away into their accounts before they made the election to cancel?
Q & A on payroll tax credits, severance, meal vouchers and SSNs.
The pandemic has taken a toll on the IRS’ annual inflation adjustments to 401(k) plans, other fringe benefits and even the amount defining a qualifying relative (now known as the annual withholding allowance amount). Many of these figures remain unchanged from this year.

2021 inflation adjustments

October 27, 2020

This page presents the 401(k) COLA amount and other pension adjustments and the qualified transportation fringe benefits amount (crucial for your corporate deduction disallowance for providing employees with QTFs).
New Hampshire is trying to haul Massachusetts into court for continuing to tax New Hampshire residents who are telecommuting from home and who normally work in Massachusetts. But it’s not just any old court, and the decision may affect you even if you’re 1,000 miles away from New England.
Time flies when you’re having fun, right? It seems like it was just seven days ago we did our last Friday wrap! So let’s fasten our seat belts and review the week’s happenings.
A review of employees’ altered COBRA and special enrollment options during a pandemic that’s gone on longer than the IRS or DOL envisioned.
You can’t afford to botch it with a late roll out of your year-end plan. This year will be even more challenging and you don’t have to guess why. Here’s what you need to consider.
If the pandemic has taught us anything, it’s that many employees are just as productive when they’re working from home as they are in the office. Which raises the question: Can you make employees come back to the office?
The IRS issued two related documents last Friday: a revenue ruling dealing with withholding and reporting periodic distributions and a revenue procedure dealing with rollover distributions.