Structuring a 401(k) Match Based on Employee Student Loan Repayments
Employers face a constant struggle to attract and retain quality employees. This is especially true in a strong economy where jobs are plentiful and the…
Employment Tax
Unpaid Federal Employment Taxes: The Government’s Chief Enforcement Priority
Businesses that have employees must pay wages and salaries to their employees, and the employer must collect federal employee income taxes and the employee's share…
New IRS Proposed 199A Regulations Provide Guidance on 20% Profit Pass-Through Deduction
On August 8th, the IRS released its much-awaited Proposed Regulations on the new Section 199A 20% profit deduction for pass-through businesses. The new deduction applies…
IRS Issues New Proposed Regulations on Section 199A 20% Deduction for Pass-Through Businesses
The Internal Revenue Service today issued its much-anticipated Proposed Regulations on the new Section 199A 20% deduction for owners of pass-through business entities. This important…
IRS Clarifies Authority for Acceptance of Offers in Compromise from Clients of Professional Employer Organizations and Reporting Agents
Generally, an employer is required to deduct and withhold Federal Insurance Contribution Act taxes ("FICA"), Federal Unemployment Tax Act taxes ("FUTA"), and income tax withholding…
Understanding Back-Up Tax Withholding
The IRS requires businesses to obtain a Form W-4 from each employee, and also a Form W-9 from contractors and others who may receive payments…
Final Version of Tax Reform Act has a Minor Impact on Employee Benefit Programs
In early November, I posted an article entitled "Tax Reform Proposal Nixes Favorable Tax Treatment of Several Employee Benefits". That article reviewed the Ways and…
Federal Employment Taxes: Employee-Independent Contractor Issues (Part 5)
Section 530 Relief Employers that have workers which the employer classifies as "independent contractors" (Form 1099) risk having these workers reclassified by the IRS as…
Federal Employment Taxes: Employee-Independent Contractor Issues (Part 4)
IRS Voluntary Worker Classification Settlement Program Employers that have workers which the employer classifies as "independent contractors" (Form 1099) risk having these workers reclassified by…
Federal Employment Taxes: Employee-Independent Contractor Issues (Part 3)
IRS Form SS-8 Determinations of Employee Status Employers that have workers which the employer classifies as "independent contractors" (Form 1099) risk having these workers reclassified…