IRS Issues Draft 940 and 940 Schedule A Forms
The revised drafts of Form 940 (Employer’s Annual Federal Unemployment (FUTA) Tax Return) and Form 940 Schedule A (Multi-State Employer and Credit …
DOL Guidance Clarifies Holidays Do Not Necessarily Count Towards FMLA Leave Entitlement Calculation
The U.S. Department of Labor (DOL) has released Opinion Letter FMLA2023-2-A that affirms the DOL’s position that holidays for which an employee would …
Payroll Congress: OCSE Addresses Child Support Questions
Debbie Tam, CPP PayrollOrg (formerly known as the American Payroll Association) held its 41st Payroll Congress in Denver, Colorado. During …
Draft 2024 Form W-3 Contains No Substantial Changes
Payroll Update Staff The IRS has issued a draft version of Form W-3 (Transmittal of Wage and Tax Statements) for the 2024 …
IRS Urges Employers to Protect Themselves By Hiring Trusted Payroll Service Providers
In a May 10 “Tax Tip,” the IRS is stressing to employers the importance of selecting a trusted third-party payroll …
IRS Clarifies Reimbursement of Unsubstantiated Medical Expenses Through FSA Included in Gross Income
A IRS Chief Counsel recently addressed an inquiry whether unsubstantiated medical expenses reimbursed by a health Flexible Spending Account (FSA) may be …
Form 1040 “800-Pound Gorilla” When It Comes to Employment Tax Modernization, Legal Expert Says
A former Associate Tax Legislative Counsel at the Treasury Department said the Form 1040 individual income tax return is the “800-pound …
IRS Issues 2023 Draft Form 941-X With Minor Changes As Backlog Continues to Grow
A few days before the IRS issued an April 2023 draft version of Form 941-X (Adjusted Employer’s Quarterly Federal Tax Return or …
Court Rules Insufficient Penalty Notice May Determine Payment as Deposit Not Subject to Additional Interest
Lisa B. Fagan The U.S. Court of Appeals for the Third Circuit has ruled whether a remittance is a deposit …
Employment Tax Payment Violations Result in Prison Time
A business owner in Miami, Florida will spend two and a half years in prison after willfully failing to remit …