Tag Archives: irs approved payroll

IRS Requesting Comments on Upcoming Cadillac Tax

The Internal Revenue Service (IRS) and Treasury Department have issued Notice 2015-16 to invite comments on approaches for certain aspects of the “Cadillac tax”. Although proposed or final regulations have not yet been issued on the tax, there are several … Continue reading

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Final Rule Issued on Excepted Benefits

The U.S. Departments of Labor, Health and Human Services, and the Treasury have published final rules to amend the definition of excepted benefits to include certain limited coverage that wraps around individual health insurance.  The final rules permit group health … Continue reading

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The Responsibility of Obtaining Social Security Numbers of Spouses and Dependents for ACA Reporting

Part of the information being gathered by the IRS in Sections 6055 and 6056 reporting is the Taxpayer Identification Numbers (i.e., Social Security Numbers (SSN)) for all covered employees, spouses and dependents. Many employers do not regularly solicit this information … Continue reading

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The Very Latest On Minimum Wage Laws/Rules – What You Need To Know

The battle over minimum wage laws has been raging for quite some time now. Supporters of minimum wage laws argue that raising the minimum wage will increase consumer spending and allow more workers to provide for their family members. Critics of … Continue reading

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Monthly ACA Reporting Information To Be Collected

In early 2016 two sets of healthcare coverage reporting requirements will come into effect. Under tax code sections 6055 and 6056, employers must compile monthly and report annually numerous data points to the IRS and their employees. This data will … Continue reading

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Employer Mandate Rules and Seasonal Workers After 2015

Employers face a number of issues when it comes to seasonal workers. The most predominant issue is whether employers are required to provide them with health care coverage in relation to the mandates of the Affordable Care Act (ACA). Over … Continue reading

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Determining When a Seasonal Employee Becomes Eligible For Health Care Coverage

Employers face a number of issues when it comes to seasonal workers. The most predominant issue is whether employers are required to provide them with health care coverage in relation to the mandates of the Affordable Care Act (ACA).  Last … Continue reading

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Changes To Form 8922, Third-Party Sick Pay Recap

The reporting of third-party sick pay recaps to the Social Security Administration (SSA) ends after tax year 2013. Beginning with tax year 2014 (processing year 2015) taxpayers will file Form 8922 with the IRS. For tax year 2014 a paper … Continue reading

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More New Yorkers To Benefit From Pre-Tax Transit Benefits Through The Affordable Transit Act

A new ordinance has been signed into law by New York City Mayor Bill de Blasio – The Affordable Transit Act.  Employers in New York City with 20 or more full-time employees (employees who work an average of 30 hours or … Continue reading

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