Tag: IRS

IRS Extends ACA Reporting Deadlines

The IRS issued key extensions to looming 2016 information reporting deadlines for applicable large employers. This relief applies only to the deadlines for reporting the coverage that employers offered in 2015: The deadline for providing employee statements is extended to March 31, 2016 (from February 1, 2016). The deadline for filing 1094-Cs and 1095-Cs with … Continue Reading

Employers Should Review Benefits Plans And Other Policies Affecting Employees In Same-Sex Marriages As New IRS Guidance Implementing U.S. Supreme Court’s Windsor Decision Becomes Effective Today, September 16, 2013

Here’s something that should be at the top of your to do list on this Monday morning:  make sure your benefits and other employee policies are in compliance with new guidance from the IRS that becomes effective today relating to federal tax treatment of same-sex marriages under the U.S. Supreme Court’s decision in U.S. v. Windsor.  In Windsor, the Supreme … Continue Reading

New IRS Guidance Expected Over Delay of Affordable Care Act Employer Pay-or-Play Penalties

As described by my colleague Howard Bye-Torre in his client advisory published earlier today, Mark Mazur, Assistant Secretary for Tax Policy at the Treasury Department announced in a Tuesday blog post that the effective date for imposing employer pay-or-play penalties (also known “shared responsibility payments”) will be delayed by the IRS until 2015. The IRS is expected to issue official … Continue Reading

December 31, 2012 Deadline Looms Under Tax Code for Fixing Severance Agreements with Releases

  Employers have until the end of the year to take advantage of relief from penalties under section 409A of the Internal Revenue Code for agreements that require employees to sign releases before severance benefits are paid. Section 409A was enacted in 2004 to regulate deferred compensation.  Internal Revenue Service ("IRS") regulations made clear that it … Continue Reading

New IRS Guidance for Health Care Reform: More News You Can Use

Editor’s Note: Today we are pleased to post the following health care reform update on new IRS guidance that came out last week.  Many thanks to our Seattle employee benefits colleagues, authors Howard Bye, Melanie Curtice and Erin Lennon, for sharing this timely content with World of Employment. Health care reform requires employers to report the cost of health … Continue Reading

IRS Issues HIRE Act Affidavit

The Internal Revenue Service released yesterday Form W-11, the Hiring Incentives to Restore Employment (HIRE) Act Employee Affidavit.  Employers can use the form to claim the special payroll tax exemption that applies to many newly hired workers during 2010.  Click here to download a copy of Form W-11. The HIRE Act, which President Obama signed into law on … Continue Reading

Federal Government to Crack Down on Misclassified “Independent Contractors?”

It’s always risky to misclassify someone who should be an employee as an "independent contractor," but President Obama’s 2011 budget proposal will increase the risks for employers.  According to this budget summary from the U.S. Department of Labor, the misclassification of employees as contractors is estimated to cost the Treasury Department over $7 billion in lost payroll … Continue Reading

9th Circuit: Independent Contractor Can Assert Disability Claim Under Rehabilitation Act

The Ninth Circuit Court of Appeals ruled recently that an independent contractor may assert a disability claim against an employer under the Rehabilitation Act.  Click the link to read the opinion on Fleming v. Yuma Regional Medical Center.  The Rehabilitation Act prohibits discrimination on the basis of disability in programs conducted by Federal agencies, in programs receiving … Continue Reading

Exotic Dancers Are Employees, Not Independent Contractors

Every now and then we need a reminder to illustrate  the dangers of misclassifying employees as "independent contractors."  Last week, the Montana Supreme Court provided such a reminder, ruling that exotic dancers were employees, not independent contractors.  Click here to read the opinion in Smith v. TYAD Inc. d/b/a Playground Lounge & Casino.  In Playground, the employer required … Continue Reading

IRS, DOL Publish New Info on COBRA Subsidy

Today the Department of Labor expanded its FAQs on the COBRA subsidies included in the American Recovery and Reinvestment Act of 2009 (ARRA).  Click here to read the DOL’s new COBRA FAQs.  Wondering what the tax implications of the subsidy are, or whether the person asking for the subisidy is truly eligible?  Click here to read … Continue Reading

Revised IRS Form 941 Provides for COBRA Premium Assistance Credit

Employers:  The Internal Revenue Service has issued a new Form 941 (Employer’s Quarterly Federal Tax Return) that provides for any credits due because of the new COBRA Premium Assistance Credit.  You can download the new form by clicking on the links below: IRS Form 941 IRS Form 941 Instructions The IRS also has put up this … Continue Reading

New W-4 Forms Available; No New Form I-9 Yet…

New year, new forms:  The Internal Revenue Service has released new W-4 Forms for 2009, and we have them for you right here!  Just click below to download: 2009 Form W-4 (English) A 2009 Spanish version is pending approval, and we’ll post it when it is available.  As previously reported here at the Stoel Rives … Continue Reading

IRS Sets 2009 Standard Mileage Rates

Do you reimburse your employees for mileage for business driving?  If so, get ready to pay a little less:  effective January 1, 2009, the standard mileage reimbursement will drop to 55 cents per mile, down from the 58.5 cents per mile it has been in the last half of 2008.  Why the drop?  Well, prices at the pump are … Continue Reading

Fourteen Million Reasons Not to Misclassify Employees as Independent Contractors

A class of current and former FedEx Ground drivers misclassified as "independent contractors" will receive an additional $9 million in reimbursements for employment-related expenses, an appointed referee ruled October 20.  This award will be combined with a previous award of $5.3 million the drivers received in 2006.  The award will reimburse the drivers for such expenses as truck … Continue Reading
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