SSA requests input from software developers, providers
The Social Security Administration (SSA) is soliciting input from developers of payroll and tax reporting software, as well as payroll service providers, who wish to enhance their offering by...
View ArticleIRS releases rules for filing, reproducing substitute forms 941
The IRS has provided the general rules and specifications for reproducing paper and computer-generated paper substitutes of Form 941, Employer’s QUARTERLY Federal Tax Return, Schedule B, Report of Tax...
View ArticlePennsylvania raises minimum wage in state government
Pennsylvania Governor Tom Wolf signed Executive Order 2016-2 on March 7 that increases the minimum wage for employees under the governor’s jurisdiction to $10.15 per hour, effective immediately, and...
View ArticleIRS updates modernized e-File (MeF) guide
The IRS has updated the modernized e-file specifications. The publication outlines the communication procedures, transmission formats, business rules and validation procedures for returns e-filed...
View ArticleIRS updates specifications for filing Form 1042-S electronically
The IRS has updated the specifications for the electronic filing of Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding. Generally, the boxes on the paper forms do correspond with...
View ArticleIRS clarifies tax treatment of retroactive transit benefits
The IRS Office of Chief Counsel has issued a memorandum clarifying the employment tax treatment of retroactive transit benefits. Several employers provided employees with transit benefits that did not...
View ArticleCountdown to overtime rule ticks closer
Pundits and prognosticators who are predicting a pre-summer release got a bump from learning that the Department of Labor’s (DOL) final overtime rule, officially titled “Defining and Delimiting the...
View ArticleCorporation was successor employer for wage purposes
In a corporate reorganization, a shared service corporation qualified as a successor employer of two subsidiary corporations for purposes of the annual wage limitations under Code Secs. 3121(a)(1) and...
View ArticleMaine enacts tax conformity legislation
Maine enacted legislation that updates Maine’s corporate income and personal income tax federal Internal Revenue Code (Code) conformity date to December 31, 2015 (the current conformity date is...
View ArticleLawmakers move to nullify proposed white collar rules
Republican lawmakers on March 18 introduced legislation that would require the Labor Secretary to nullify the Labor Department’s controversial proposed rule defining and delimiting the so-called...
View ArticleCalifornia voters to decide on gradual minimum wage increases
California Secretary of State Alex Padilla announced on March 22 that an initiative proposing to raise the state minimum wage is eligible for the November 8, 2016, General Election ballot. The...
View ArticleIdaho bars localities from surpassing state minimum wage
Idaho law bars local laws and ordinances from raising the minimum wage beyond that set under state law, which currently tracks the federal minimum wage, now at $7.25 an hour (see PAYROLL MANAGEMENT...
View ArticleSouth Carolina interest rate increases in second quarter 2016
The interest rate imposed on underpayments and overpayments of South Carolina taxes increases to 4% for the period April 1, 2016, through June 30, 2016. However, pursuant to H.B. 3701, Laws 2015, the...
View ArticleIRS issues substitute forms specs for Forms W-2c/ W-3c
Requirements regarding the preparation and submission of substitute forms for Form W-2c, Corrected Wage and Tax Statement, and Form W-3c, Transmittal of Corrected Wage and Tax Statements, have been...
View ArticleCalifornia minimum wage agreement reached
California Governor Edmund G. Brown Jr. joined legislators and labor leaders on March 28 to announce a landmark agreement that makes California the first state in the nation to commit to raising the...
View ArticleNC bans local government regulation of wages and hours
North Carolina has banned local government regulation of minimum wages, hours, benefits and other conditions of employment. House Bill 2 amends the North Carolina Wage and Hour Act to preempt and...
View ArticleWest Virginia authorizes reciprocity agreements
Enacted West Virginia legislation authorizes the governor to enter into and renew reciprocity agreements with governors and other appropriate state governmental agencies from states that share...
View ArticleIRS reviews employment tax claims
The IRS has reissued Internal Revenue Manual (IRM) 4.23.13, Employment Tax, Adjusted Returns, Abatements and Claims. The IRM has been substantially revised and reorganized with regard to requests for...
View ArticleIRS requests comments on Form 5884
The IRS is soliciting comments concerning Form 5884, Work Opportunity Credit. Internal Revenue Code section 38(b)(2) allows a credit against income tax to employers hiring individuals from certain...
View ArticleCalifornia to raise the minimum wage to $15 statewide
California Governor Edmund G. Brown Jr. signed landmark legislation on April 4 that makes California the first state in the nation to commit to raising the minimum wage to $15 per hour statewide. The...
View Article
