Summer Employment May Come With Tax Credits
This summer, certain employers may benefit from federal tax credits for employing qualified summer youth employees. The Work Opportunity Tax Credit (WOTC) …
ETAAC’s Annual Report to Congress Recommends IRS Prioritize E-Filing Employment Tax Returns and Enhance Duplicate Processing
As the IRS continues to chip away at its notable backlog of unprocessed employment tax returns and amended returns, the …
NLRB Reverses Position on Worker Misclassification Standards
Debbie Tam The National Labor Relations Board (NLRB) has issued a decision that reinstates its prior position requiring a 10-factor approach to determine …
DOL Indicates Final Independent Contractor Rule Coming No Later than October
Deborah Tam The U.S. Court of Appeals for the Fifth Circuit recently granted a 120-day delay on further proceedings related to an …
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 …