Government

IRS News: 2018_05

IRS NEWS FOR PAYROLL AND HUMAN RESOURCES May 2018  ►UPCOMING WEB CONFERENCES  National Small Business Week Webcasts Wednesday, May 2 Pay Now? Pay Later? Can’t Pay? Thursday, May 3 Small Biz Resources @ Your Fingertips Friday, May 4 Pay Check Check-Up  ►TAX REFORM IRS urges ‘Paycheck Checkup’ for key groups; tax withholding may need adjustment Following the recent tax law changes, it’s especially important for certain people to use the Withholding Calculator on IRS.gov to check if they are having the right amount of withholding. Among the groups who should check their withholding are people who: Belong to a two-income family. Work two or more jobs or only work for part of the year. Have children and claim credits such as the Child Tax Credit. Have older dependents, including children age 17...

USDOL Launches Payroll Audit Independent Determination (PAID) Program

The Wage and Hour Division (WHD) of the U.S. Department of Labor is today launching a new nationwide pilot program, the Payroll Audit Independent Determination (PAID) program. PAID facilitates resolution of potential overtime and minimum wage violations under the Fair Labor Standards Act (FLSA). The program’s primary objectives are to resolve such claims expeditiously and without litigation, to improve employers’ compliance with overtime and minimum wage obligations, and to ensure that more employees receive the back wages they are owed—faster.  Under the PAID program, employers are encouraged to conduct audits and, if they discover overtime or minimum wage violations, to self-report those violations. Employers may then work in good faith with WHD to correct their mistakes and to quickly p...

IRS wraps up ‘Dirty Dozen’ list of tax scams for 2018

IRS YouTube Videos: Dirty Dozen – English | Spanish | ASL Tax Scams: English | Spanish | ASL IR-2018-66, March 21, 2018 WASHINGTON — The Internal Revenue Service today concluded its annual “Dirty Dozen” list of tax scams with a warning to taxpayers to remain vigilant about these aggressive and evolving schemes throughout the year. This year’s “Dirty Dozen” list highlights a wide variety of schemes that taxpayers may encounter throughout the year, many of which peak during tax-filing season. The schemes can run the gamut from simple refund inflation scams to technical tax shelter deals. A common theme throughout these: Scams put taxpayers at risk. Taxpayers need to guard against ploys to steal their personal information. And they should be wary of shady promoters trying to...

IRS News: 2018_01

We are pleased to provide you with IRS news and information. We hope that the information will be helpful. Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February | Internal Revenue Service The Internal Revenue Service released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month IRS Selects New Advisory Council Members 2018 | Internal Revenue Service The Internal Revenue Service today announced the appointment of seven new members to the Internal Revenue Service Advisory Council (IRSAC) Security Summit Partners Warn Tax Pros of Heightened Fraud Activity as Filing Season Approaches | Internal Revenue Service The Internal Revenue Service, state tax agencies and t...

IRS News: 2017_11

IRS NEWS FOR PAYROLL AND HUMAN RESOURCES November 2017 ►UPCOMING WEB CONFERENCES Tuesday December 7 – Racing Towards Year End: Employment Tax Reminders 120 minutes long (includes Q&A), 2-hour CE for tax pros (Federal Tax) 1 p.m. Eastern (closed captioning offered) REGISTER HERE During this web conference, representatives from SSA and IRS will present information on the following topics: IRS: • W-2 Verification Code Pilot • Data protection and what to do if you experience a data breach; Identity theft and data security breach scams & schemes • Navigating the IRS web site to find information payroll professionals need Social Security Administration: • Business Services Online – What is it • Business Services Online Registration • W-2 Online • Filing Forms W-2 Electronical...

State & Local Government Updates 2017_10

Alaska Minimum Wage – Effective January 1, 2018, the minimum wage will increase from $9.80 to $9.84 per hour, per the state’s labor department Payroll Tax Withholding May Come to Alaska – Alaska Governor Bill Walker has proposed a 1.5% payroll tax for all Alaska residents and non-residents working in the state. The tax, also referred to as a head tax, will impose the 1.5% tax on employee wages on the higher of a $2,200 cap or twice the previous year’s Permanent Fund Dividend amount. The governor states that the legislation is being considered due to revenue that has been lost due to falling oil prices. The new tax would help to pay for public services, such as state troopers, transportation initiatives, and teacher salaries. Although the legislation has not been passed at this time, the ta...

State & Local Government Updates 2017_08

Minneapolis and St. Paul Sick and Safe Time Ordinances Minneapolis – http://sicktimeinfo.minneapolismn.gov – The website has both employee and employer resources regarding the ordinance. There are some frequently asked questions that are answered on the main page of the site. Employers may contact the Department of Civil Rights for further information on this ordinance at (612) 673-3000 or via e-mail to sicktimeinfo@minneapolismn.gov. St. Paul – https://www.stpaul.gov/departments/human-rights-equal-economic-opportunity/contract-compliance-business-development/earned – Employee and employer resources regarding the ordinances can be found on this site. Employees that feel their rights have been improperly denied can fill out a complaint form on this site. The website includes a m...

IRS News: 2017_08

IRS NEWS FOR PAYROLL AND HUMAN RESOURCES August 2017  ►UPCOMING WEBINARS  See Webinars for Small Businesses for upcoming National and Local Webinars  Click HERE for videos recently posted to the IRS Video Portal.  ►NEWS IRS Website Provides Tools to Help Small Businesses Understand Employment Taxes The IRS offers small businesses many free products to help them understand and comply with the law. Products ranging from online calculators, printable calendars, step-by-step guides and a series of educational webinars are all available on IRS.gov. PLEASE CHECK OUT THIS PAGE for more information on Social Security and Medicare Taxes, Federal Unemployment (FUTA) Tax, Depositing Employment Taxes, and Reporting Employment Taxes. Tips on How to Handle an IRS Letter or Notice The IRS mails millions ...

MN/WI Reciprocity Coming Back?

Minnesota law opens door to reinstatement of reciprocal agreement with Wisconsin Recently enacted HF1 opens the door to a possible reinstatement of the reciprocal agreement between Minnesota and Wisconsin which lapsed in 2009. Effective for tax year 2017, HF1 modifies the credit for income taxes paid by Minnesota residents working in Wisconsin to provide that in years that the states do not have a reciprocal agreement, affected individuals are allowed the same tax treatment as they would receive if there had been a reciprocal agreement between the two states. Effective in tax year 2018, the Minnesota Commissioner of Revenue is authorized to enter into an income tax reciprocity agreement with the Wisconsin Secretary of Revenue. The law requires that the state having a net revenue loss must ...

Government Update: Illinois & NYC/CA

Illinois Income Tax Rate Increase – The withholding tax rate for the state of Illinois has increased from 3.75% to 4.95% effective July 1, 2017. Starting immediately, employers should be withholding income tax at the rate of 4.95% of taxable wages. The law was passed on July 6, 2017, retroactive back to the July 1, 2017 effective date. A call to a representative with the state of Illinois has confirmed that the rate has increased and should be updated immediately. Additional business tax changes have also been made. More information can be found here. Fair Workweek Requirements – Two more cities have enacted “Fair Workweek” ordinances regarding scheduling requirements for employers in certain industries in the cities of New York City and Emeryville, CA. In both cities, the ordinances are f...

IRS Update: ITIN – Expiration and Renewal Process Updates

ITIN – Expiration and Renewal Process Updates (Please click each heading for more information) Individual Taxpayer Identification Number Your ITIN may expire before you file a tax return in 2018. All ITINs not used on a federal tax return at least once in the last three years will expire on December 31, 2017. How do I apply for an ITIN? How and where do you apply for an ITIN? Fact Sheet – Expiring ITINs IRS has made changes to the Individual Taxpayer Identification Number (ITIN) program as a result of the Protecting Americans from Tax Hikes (PATH) Act. Locate a Taxpayer Assistance Center Make an appointment at a designated IRS Taxpayer Assistance Center. This will also prevent you from having to mail your proof of identity and foreign status document. Form W-7 – Application for...

IRS News 2017_05

IRS NEWS FOR PAYROLL AND HUMAN RESOURCES May 2017  ►UPCOMING WEBINARS  *Closed captioning offered for afternoon web conferences ONLY.Understanding Form 8300 – 75 minutes (Report of Cash Payments Over $10,000 Received in a Trade or Business) June 15, 2017 – 10 am Central; 9 am Mountain Register & Attend: https://www.webcaster4.com/Webcast/Page/1148/20341 June 15, 2017 – 1 pm Central; 12 pm Mountain; * Register & Attend:  https://www.webcaster4.com/Webcast/Page/1148/20342 Continuing Education: All participants who qualify will receive a Certificate of Completion.  See Webinars for Small Businesses for upcoming National and Local Webinars  Click HERE for videos recently posted to the IRS Video Portal.    ►NEWS Private Collection of Some Overdue Federal Taxes Starts in April; Thos...

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