The IRS has just published notice 2016-70 , announcing a delay in the deadlines to file the Affordable Care Act (ACA) forms 1094 and 1095 for the 2016 filing year.  Similar to last year, the IRS is making an accommodation to allow employers additional time to prepare their forms. When are the forms due? Form Delivered […]

By Forbs contributor Janet Berry-Johnson Opinions expressed by Forbes Contributors are their own. Have you been lax in the past about issuing 1099s, realizing the IRS rarely, if ever, penalized you for sending them in late?  That permissive view of 1099 and W-2 filing is over.  Making matters worse, next year’s filing deadlines will be […]

Reminder: Employers Face New Jan. 31 W-2 Filing Deadline; Some Refunds Delayed Until Feb. 15 IR-2016-143, Oct. 28, 2016 WASHINGTON — The Internal Revenue Service today reminded employers and small businesses of a new Jan. 31 filing deadline for Forms W-2. The IRS must also hold some refunds until Feb. 15. A new federal law, […]

Important Tax Change for Employers in New Jersey & Pennsylvania New Jersey has ended a nearly 40-year-old reciprocal tax agreement with Pennsylvania effective Dec. 31, 2016. The agreement allows commuters to pay income tax to the state where they live, rather than the state where they work. Effective Jan. 1, 2017, Pennsylvania residents working in […]

2017 wage base to increase more than 7%. The Social Security Administration (SSA) announced that the maximum amount of wages in 2017 subject to the 6.2% Social Security tax (old age, survivor, and disability insurance) will rise from $118,500 to $127,200, an increase of more than 7%. By comparison, the 2016 wage base was unchanged […]

On May 18, 2016, President Obama and Secretary Perez announced the publication of the Department of Labor’s final rule updating the overtime regulations, which will automatically extend overtime pay protections to over 4 million workers within the first year of implementation. This long-awaited update will result in a meaningful boost to many workers’ wallets, and […]

3/23/2016 By Robert W. Wood – Forbes Contributor During tax filing season, there are many stories about tax convictions and indictments. They are scary just as it comes time to file your taxes. The IRS can be tough on collecting income taxes, but is even tougher where payroll taxes are concerned. The money is withheld from employee wages, and […]

by Richard D. Alaniz, On Mar 4, 2016   Last June, Crothall Services Group Inc. was sued by the U.S. Equal Employment Opportunity Commission (“EEOC”) for failing to maintain proper records on its employees. The EEOC alleged that the provider of janitorial and facilities management services violated federal law requiring it to keep records that […]

By Andrew G. Poulos, EA, ABA, ATP On Feb 9, 2016 in CPA Practice Advisor We have been hearing lately that worker classification issues are on the forefront for the IRS and state labor agencies. Because big companies and small businesses are misclassifying workers, this subject has become one of the hottest matters in our […]

Treasury and the IRS Announce Limited Extension of Early 2016 Due Dates for 2015 Information Reporting Requirements for Employers and Insurers under the ACA ​Reporting still required for 2015 WASHINGTON – Today, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced a limited extension of the early 2016 due dates for […]