Search Results: IRS

IRS announces 2010 HSA limits The IRS issued guidance on the maximum contribution levels for health savings accounts (HSAs) and out of pocket spending limits for high deductible health plans (HDHPs) that must be used in conjunction with HSAs. These

IRS confirms no information reporting requirement for COBRA subsidy Employers will not need to report temporary COBRA premium assistance to eligible individuals on an information return or Form W 2, an IRS spokesperson told CCH on April 24. Recent news

IRS Filing Season Central  Online Resource for Small Business and the Self Employed The Internal Revenue Service (IRS) has an online resource center for small business and the self employed. For your quick reference, the following link will take you to its Small Business and

IRS issues 2010 inflation adjusted amounts for HSAs The IRS has issued inflation adjusted amounts under Code Sec. 223 for Health Savings Accounts (HSAs) for 2010. For calendar year 2010, the annual limitation on deductions under Code Sec. 223(b)(2)(A) for

IRS Releases Advance 2009 Withholding Tables The IRS has released an advance set of federal percentage method and earned income percentage method withholding tables, which are effective for wages paid on and after January 1, 2009. The value of one

If you are a sole proprietor (that is, you own your own business), you have to pay estimated taxes if you expect to owe at least $1,000 in federal tax for the year.

Increase in IRS Mileage Rate Effective July 1, 2008, the standard mileage rate for the use of a car (including vans, pickups, or panel trucks) is 58.5 cents per mile. The rate for January 1, 2008 through June 30, 2008

The Internal Revenue Service on April 13, issued its 2009 "dirty dozen" list of tax scams, including schemes involving phishing, hiding income offshore and false claims for refunds. Tax schemes are illegal and can lead to possible criminal prosecution.

IRS announces 2010 HSA limits The IRS issued guidance on the maximum contribution levels for health savings accounts (HSAs) and out of pocket spending limits for high deductible health plans (HDHPs) that must be used in conjunction with HSAs. These

IRS confirms no information reporting requirement for COBRA subsidy Employers will not need to report temporary COBRA premium assistance to eligible individuals on an information return or Form W 2, an IRS spokesperson told CCH on April 24. Recent news

The determination of whether an item is considered to be de minimis is based on the facts and circumstances of each case.

Welfare benefit plans must file some reports with the IRS and some reports with the Labor Department.

This checklist should be completed during a visit to the employee's proposed home office.

IRS/EBSA/PBGC Form 5500 (Adobe PDF)IRS Form 5500

In general, while an employer does not need to collect all of the documents listed here, the more documents employers can gather, the stronger their case will b

The IRS, EBSA and HHS have issued a model certificate of credible coverage, which may be used to satisfy HIPAA's certification requirements.

The IRS, EBSA, and HHS have issued the following model certificate of creditable coverage, which may be used to satisfy HIPAA's certification requirements.

Your Right to Waive the 30-Day Notice Period.

If you are a sole proprietor (that is, you own your own business), you have to pay estimated taxes if you expect to owe at least $1,000 in federal tax for the year.

Under IRC Sec. 4980G if an employer fails to make comparable contributions to the HSAs of its employees during a calendar year, an excise tax equal to 35 percent of the aggregate amount contributed by the employer to the HSAs of its employees during that calendar year is imposed on the employer.

The IRS has published its general instructions and procedures to be used by taxpayers requesting letter rulings and determination letters. The revenue procedure is generally effective as of January 7, 2008.

In light of changes to the retirement plan landscape, companies are increasing their focus on reducing retirement plan risk and ensuring that employees take appropriate advantage of their retirement plans.

Bicycle Commuter Assistance Program

The following sample form may be used by employers, employee organizations and plan administrators to notify covered employees and spouses of their rights under

The following model notice may be used by plan administrators to notify qualified beneficiaries of their COBRA rights following a qualifying event under COBRA.

Sole proprietors need to have an Employer Identification Number (EIN) only if they have one or more employees, if they have a Keogh plan, or if they are require

The federal IRS Form W-4, Employee's Withholding Allowance Certificate, must be completed so that you know how much federal income tax to withhold from your new

Employees who are currently using illegal drugs are not protected by the Americans With Disabilities Act (ADA), although the law does provide alcoholics and rec

IRS regulations require employers to properly withhold the employer's share of FICA tax from tips and to pay the employer's share of the FICA tax on tips.

Whether a gift is subject to FICA, FUTA and federal tax withholding depends on the type of gift and its value.

ERISA.

COBRA does not apply to a group health plan for any calendar year if the employer maintaining the plan employed fewer than 20 employees on at least 50% of its w

Mines.— Anyone who violates Arizona's maximum hours law affecting employees in underground mines or underground work will be guilty of a class 2 misdemeanor.

Cotton or woolen manufacturers.— Cotton or woolen manufacturers who violate maximum hours provisions will be subject to a fine of not less than $20 and not more

New Hire Reporting Center, P.O. Box 55097, Indianapolis, IN 46205-5097. Telephone: (317) 612-3028 or toll-free 866-879-0198.

Cafeteria plans may use an automatic enrollment process whereby the employee's salary is reduced each year to pay for a portion of the group health coverage und

Condition of employment.— Employers (public and private) may not require as a condition of employment that an individual abstain from smoking or using tobacco p