The 2013-2014 Priority Guidance Plan is the IRS’ road map for regulatory and administrative guidance it hopes to publish by June 30, 2014. Commonly referred to as “the business plan,” the IRS has loaded itself up with 324 projects. As usual, Payroll figures very prominently on the IRS’ agenda. Here’s what to expect.
Question: An employee said he fulfilled his child support obligation. The state faxed us corroborating information, but not on the federal Income Withholding Order (IWO), so withholding continues. Must states use the IWO to inform employers to stop withholding?
A federal appeals court has ruled that a former employee’s Title VII jury award was taxable back pay and front pay. The employer, therefore, didn’t need to seek the trial court’s approval to withhold taxes, even though the award didn’t explicitly allow the employer to withhold.
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.
Question: How can the company fulfill the I-9 requirement to physically review new hires’ documents when employees work remotely? Can we have a notary review the documents, notarize a copy of them and send that copy to our main office?
What goes into a final paycheck, and when that check must be given to a terminating employee, is strictly a state issue. Here are the final-pay rules.
The IRS has postponed until 2015 the Affordable Care Act’s mandate for large employers to provide health insurance to full-time employees or pay a free-rider penalty. Not postponed: The Oct. 1, 2013, opening of the individual exchanges and the small business exchanges, or SHOPs. Also not postponed: W-2 reporting of employees’ health benefits. Crucial: You also need to provide the exchange notices to all employees by Oct. 1
Question: On last year’s W-2s, Accuwage flagged a Social Security number (SSN) beginning with a nine. We called the Social Security Administration (SSA) and were advised to enter nine zeros for this SSN. We later learned that the SSN was an Individual Taxpayer Identification Number (ITIN). Should we have reported the nine zeros or the ITIN, even though the W-2 instructions say not to accept an ITIN from an employee?
As a Payroll professional, what’s your job? According to Lisa Poole, CPP, corporate payroll manager for Simmons Bedding Corp., your job is to protect the company’s assets, protect employees’ data and remain compliant. Internal payroll audits help you do all three.
When working parents need time off for school activities, most employers are flexible. But just how far they’ll bend depends on whether employees are nonexempt or exempt under the FLSA and state short-term leave laws.