Legal skirmishes continue over whether the detailed employee pay data collection scheme (on top of the original basic employee census data) should be enforced. In 2017, the Trump...
Taxes
NLRB Raises the Bar on Clarity of Employee Arbitration Agreements
Today, more than half of private employers without union-represented employees use binding arbitration agreements to resolve labor disputes, according to the Economic Policy...
How Much Does the IRS Let Delinquent Taxpayers Live On?
The IRS uses "Collection Financial Standards" to help determine a taxpayer's ability to pay a delinquent tax liability. Allowable living expenses include those that meet the test...
Protect Your Company’s Plan From an IRS Attack
When your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the Department of Labor. Ignore the rules and your firm...
How to Combine Home Sale Gain Exclusion with a Like-Kind Exchange
Over the years, real estate has proven to be a lucrative investment for many households. And, in some parts of the country, current market values have surpassed levels seen prior...
2018 Tax Payments Fall Short? You May Be Eligible for Penalty Relief
The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total...
Could Medicare Premiums Lower Your Taxes?
Health care is a top concern for many Americans, especially people who are age 65 and older. While these individuals qualify for basic Medicare insurance, they may need to pay...
2018 Income Tax Withholdings: Too Much, Too Little or Just Right?
Did you withhold enough money from your regular paychecks in 2018? If you withheld too little — or, didn't pay enough estimated taxes if you're self-employed — you could have an...
Donations of Stock to a Private Foundation
Are you interested in setting up a private foundation? With this approach, you make contributions to a foundation and get a charitable tax deduction just as you would with any...
The IRS Tells Employers How to Report W-2 Scams
The IRS is explaining, in a recent release, what employers should do if they become the victim of a W-2 scam. Background Information Any employer could become the target of a W-2...
