First, don’t panic, but move quickly to respond. It’s not uncommon for employers to encounter situations that may cause delayed filing of required information returns with the taxing jurisdictions, like […]
Posts Tagged ‘IRS’
ACA Compliance for Educational Institutions
ACA compliance has been top of mind for employers for some time now. Many are just now beginning to fully comply with all the ACA requirements, usually as a result […]
IRS Releases Tax Withholding Assistant for Employers
In December of 2019, the IRS released a new tool that might be very helpful to employers dealing with the updated 2020 Form W-4. Payroll professionals are getting questions from […]
2020 W-4 Compliance Updates
IT’S HERE! The IRS has released the final W-4 for the 2020 tax year. Any employee that needs to make a change to their federal withholding effective on or after […]
Another Round of ACA Non-Compliance Letters is Looming
Cue the “Jaws” movie music, because the penalties are coming. Thursday, July 11th, on the monthly IRS Payroll Industry call, the IRS continued to communicate that ACA compliance activities continue, […]
IRS Releases an “Early” Draft of the 2020 W-4
In response to changes in federal taxes by the Tax Cuts and Jobs Act (TCJA) passed in December of 2017, the IRS released an early draft of the new 2020 […]
What's New with the W-4 in 2019?
The Tax Cuts and Jobs Act (TCJA) - passed in December of 2017 - still has payroll professionals on edge as they continue to wait for the IRS to finalize […]
ACA Compliance for Employers: Avoiding an IRS Audit
The IRS has proven over the last several months that they are actively enforcing the ACA by issuing letters to Applicable Large Employers (ALEs) who may have failed to comply […]
ACA employer compliance enforcement: I received letter 226J from the IRS. How do I respond?
The IRS has begun notifying employers of ESRPs (Employer-Shared Responsibility Payments), otherwise known as ACA penalties. The first letters, letter 226J, address penalties associated with the 2015 filing year for […]
Have you received an ACA “love letter” from the IRS?
As stated back in April of this year, the IRS will begin enforcement of the Affordable Care Act (ACA) any day now. They have now published a draft of the […]