Drop a tax return in the mail on the day it’s due and it’s considered timely filed, under the IRS’ timely-mailing-is-timely-filing rule. But you must still have proof that you mailed it—a registered or certified mail receipt, for example. A taxpayer who couldn’t present a receipt was out of luck for his refund, ruled a federal appeals court.
A common question: Is the value of accrued vacation time due to a terminating employee? Here’s a chart summarizing state vacation pay laws.
If you’re a client of a payroll service bureau or reporting agent, the IRS will provide you with an inquiry PIN. Inquiry PINs allow you to track your tax accounts so you can keep tabs on your third-party provider’s activities. Keeping tabs on your third-party provider is crucial.
Q: An employee who was having child support withheld from his pay became an independent contractor. He received two payments last year and another payment this year, but support wasn’t withheld from those payments. The child support agency has told us that we must withhold support. How do we complete the withholding order with regard to how he’s paid?
Excepted benefits aren’t subject to the Affordable Care Act health care reform law. Proposed regulations would modify limited-scope dental and vision excepted benefits, create new wraparound coverage to group plans that would be considered excepted benefits and clarify Employee Assistance Plans.
Daylight-saving time begins at 2 a.m., March 9. Graveyard-shift workers, therefore, will actually work only seven hours that day. Here’s how to calculate their pay.
NOTE: Saturdays, Sundays and legal holidays as observed in the District of Columbia are taken into account to determine due dates. Under the federal deposit rules, you’re allowed a deposit shortfall of the greater of $100 or 2% of your tax liability.
A quarter-billion dollars is a lot of money. Yet that’s the amount the DOL collected in unpaid minimum wages and unpaid or underpaid overtime wages for employees during fiscal year 2013. Learn from others’ mistakes:
In Watson v. U.S., an appellate court ruled that the IRS can recharacterize FICA-free distributions from S corps to their owners as FICA-taxable compensation, and allowed the IRS to set the parameters for determining that reasonable FICA-taxable salary. And so far it’s nailed S corps and their owners 100% of the time. Two recent cases illustrate.
Panicky phone calls to the Payroll department from employees who lost their original W-2s are about as predictable as the sun rising in the east. Here are some tips for controlling the reissued W-2 process.