Payroll Legal Alert

Information return penalties are going up. Way up. Included as part of the Trade Preferences Extension Act of 2015 is a provision that increases penalties for failing to file Forms W-2, 1099 or 1095-C, or to provide forms to payees. Beginning with forms re­­quired to be filed next year, penalties increase as follows

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Fewer full-time employees may elect COBRA coverage these days, because they can qualify for a premium tax credit and get a better deal on health insurance through the individual health exchange. But high earners, who make too much to qualify for a tax credit, may still elect COBRA. How you report COBRA on Form 1095-C depends on the reason COBRA was offered. FAQs from the IRS detail these reporting requirements.

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This month we return to Las Vegas and the American Payroll Association’s 33rd Annual Congress to cover questions fielded by reps from the Department of Labor.

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The IRS is giving hope to employees who yearn to skip the traffic by entering the HOV lane, which requires at least two, and sometimes more, passengers in a vehicle.

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If you receive a Letter 3007C from the IRS informing you that your filing status was changed from annual to quarterly, and you’re already a quarterly filer, don’t fret.

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Here’s your monthly guide to critical payroll due dates.

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Here are digests of some recently released official announcements from the IRS. Note: You may rely on official IRS announcements.

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The U.S. Supreme Court ended its 2014-2015 term with two decisions that may influence your business operations. Here’s the scoop.

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You are allowed to credit the state unemployment taxes you pay against your federal tax liability.

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In honor of the impending beginning of another school year, and first-day school jitters everywhere, this chart summarizes states’ short-term leave laws. States that don’t have laws aren’t listed. In most cases, employees may substitute paid accrued leave for unpaid leave. To get the full story on state leave laws, contact your state labor department.

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