For the last two filing seasons, I’ve written about robo-calls I’ve received from phishers who impersonate IRS revenue officers. Last week, I spotted a new,...
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...
What’s in a name? An awful lot if you use an off-the-shelf 401(k) plan. You don’t have to spend big bucks to design and maintain an individualized plan and the IRS...
The withholding tables the IRS released last week aren’t “obscure” or “so-called,” as several national media organizations have reported. They’re not...
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...
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...
One S corp convinced the Tax Court that payments it made to its president and sole shareholder were loan repayments, and not wages. Warning: the IRS isn’t taking this...
If you took a holiday break last week, payroll was probably the last thing on your mind. We understand. The IRS, however, didn’t take time off last month. Here are a...
Congress just passed the first major overhaul of the U.S. tax code in more than 30 years. The law, colloquially known as the Tax Cuts and Jobs Act, will have a...
In December 2017, Congress passed the first major overhaul of the U.S. tax code in more than 30 years. The law, colloquially known as the Tax Cuts and Jobs Act, will...
2018 withholding? That will have to wait. The first, and most immediate impact of the soon-to-be-enacted Tax Cuts and Jobs Act (H.R. 1), is that the IRS will be delaying...
By now, visions of sugar plum fairies are dancing in everyone’s heads. Except yours. Here’s a sample memo or email you might consider distributing to employees...
Once the IRS sinks its teeth into you, it rarely lets go. One taxpayer found this out the hard way, when the IRS came after him at least three times for payroll taxes he...
Congress is wrestling with changes to the tax rates and brackets for 2018 as part of its tax reform effort, which may force the IRS to delay issuing the 2018 withholding...
Employees often have one question for you upon being told that they’ll receive bonuses: Can I avoid income tax withholding? Opinions vary about whether you should...
The amount employees can contribution into their 401(k) or 403(b) plan accounts increases by $500, to $18,500 for 2018, the IRS announced. Unchanged from 2017, employees...
