All Items: Payroll

  • IRS Launches Early Interaction Initiative

    27 August 2015

    The IRS has launched an Early Interaction Initiative, aimed at helping employers understand and meet their payroll tax responsibilities. The initiative may help reduce employment tax delinquencies, along with interest and penalties, which may accrue as a result of an employer missing required payments.

  • Federal Standard Per Diem Rates for FY 2016 Released

    25 August 2015

    The General Services Administration (GSA) has announced the per diem rates that apply to the lower 48 Continental United States (CONUS) for the federal government's fiscal year (FY) 2016, which begins October 1, 2015. Any employer may use these rates to reimburse an employee who travels away from home overnight, in lieu of reimbursing his or her actual expenses.

  • New IRS Rules Eliminate Automatic Form W-2 Filing Extension

    19 August 2015

    The IRS has issued a set of final, temporary and proposed regulations that remove the automatic extension of time to file information returns on the W-2, Wage and Tax Statement, series of forms (except Form W-2G, Certain Gambling Winnings). The temporary regulations allow only a single 30-day nonautomatic extension of time to file Forms W-2. Comments are requested on the proposed rules.

  • IRS Issues Guidance on Tax Treatment of Identity Theft Protection Services

    14 August 2015

    To help combat the growing problem of identity theft in the US, the IRS has issued guidance on the taxability of identity protection services provided by an employer at no cost to employees whose personal information may have been compromised in a data breach. The IRS is also requesting comments from employers on other related issues.

  • California Labor Commissioner Issues $2.2 Million in Wage Theft Citations

    11 August 2015

    California Labor Commissioner Julie A. Su issued more than $2.2 million in citations to the owners of three residential care facilities for what were deemed "egregious" wage theft violations.

  • IRS Proposed Rules Ease IRC § 83(b) Election Filing Procedure

    04 August 2015

    The IRS has issued proposed regulations affecting employees (and other service providers) who wish to make an election under Internal Revenue Code (IRC) § 83(b) with respect to property that is transferred in connection with the performance of services (i.e., stock received from an employer as compensation). The proposed rules ease the current election filing procedure for electronic filers

  • Rhode Island Enacts Payroll Card Law

    03 August 2015

    Rhode Island Governor Gina M. Raimondo has signed into law a bill that permits employers to pay employees by payroll card in addition to other currently available methods of wage payment. Public Law 2015-267 became effective upon the Governor's signature on July 15, 2015.

  • IRS Revises Employee Plans Determination Letter Program

    31 July 2015

    The IRS has announced important changes to its Employee Plans Determination Letter program for qualified retirement plans. The announcement also provides a transition rule with respect to the remedial amendment period for certain plans currently on the five-year cycle, and requests comments on specific issues relating to the implementation of the changes to the determination letter program.

  • ACA Information Return Penalties to Increase Substantially Under Trade Act

    09 July 2015

    Employer penalties relating to information returns and payee statements under the Affordable Care Act (ACA) will increase in 2016 under revenue offset provisions buried in the Trade Preferences Extension Act of 2015 signed into law by President Obama on June 29.

  • IRS Issues Interim Guidance on Abatement of Failure to Deposit Penalty For 'Unbanked' Business Taxpayers

    22 June 2015

    The IRS has issued a memorandum (#SBSE-04-0615-0045) providing interim guidance on abatement of the failure to deposit penalty under Internal Revenue Code (IRC) § 6656. The guidance applies to businesses that are unable to get a bank account (the unbanked) or make other arrangements for making federal tax deposits of corporate income, employment (Social Security and Medicare) and excise taxes using the Electronic Federal Tax Payment System (EFTPS).

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News: HR and legal considerations for employers regarding payroll.