Tag: irs

IRS Releases 2019 Publications

In January 2019, the federal Internal Revenue Service released the following publications for use in 2019: Publication 15 (2019), (Circular E), Employer’s Tax Guide Publication 15-A (2019), Employer’s Supplemental Tax Guide Publication 15-B (2019), Employer’s Tax Guide to Fringe Benefits Publication 80 (2019), (Circular SS), Federal Tax Guide for Employers in the U.S. Virgin Islands,…

Proposed Rule: H1-B Cap Petitions On December 3, 2018, the Department of Homeland Security (DHS) released a notice of proposed rulemaking that would require petitioners seeking to file H-1B cap-subject petitions to first electronically register with U.S. Citizenship and Immigration Services (USCIS) during a designated registration period. Under the proposed rule, USCIS would also reverse…

Question: If an employee is not in fact married, can they claim “married” on the federal Form W-4? Answer: They should not. However, it is the employee’s responsibility to accurately fill out the Form-W-4, and it is not up to an employer to determine if the withholding is appropriate, or if an employee’s claim of…

OSHA Crane Operator Final Rules On November 9, 2018, the U.S. Department of Labor, Occupational Safety and Health Administration (OSHA) announced the release of its Cranes and Derricks in Construction: Operator Certificate Extension final rule (Final Rule 82: 51986-51998). The final rule: Removes the requirement that crane operator certifications include the crane’s rated lifting capacity….

Today, the Internal Revenue Service (IRS) announced annual inflation adjustments for more than 50 tax provisions, including an increase in voluntary employee contributions to employer-sponsored healthcare flexible spending arrangements (HFSAs) to $2,700 for plan years beginning in 2019, up from the 2018 limit of $2,650. The IRS also announced an increase in the 2019 monthly…

On November 1, 2018, the Internal Revenue Service (IRS) released Notice 2018-83 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2019. Many pension plan limits will change next year because the increase in the cost-of-living index has met the statutory thresholds that trigger their adjustment. Other items,…

DOL Delays Overtime Rule Until March 2019 In fall 2018, the U.S. Department of Labor, Wage and Hour Division (WHD) announced that it intends to issue a Notice of Proposed Rulemaking (NPRM) in March 2019 to determine the appropriate salary level for exemption of executive, administrative, and professional employees. The WHD stated that it is…

Employers, have you reminded your employees to check that they are having the right amount of tax withheld from their paychecks? It’s a good idea for everyone to check their payroll withholding every year, but it is particularly important this year due to the big changes Congress made to the federal tax rules for 2018….

The IRS has finalized the forms and instructions that employers will use for 2018 reporting under the Affordable Care Act (ACA). Applicable large employers (ALEs) will use the following: 2018 Form 1094-C (transmittal to IRS). 2018 Form 1095-C (statement to individual). 2018 Instructions for Forms 1094-C and 1095-C (instructions). Employers that self-fund a minimum essential…

When will the new Form W-4 be released? In 2020, according to a press release published by the Treasury Department on September 20, 2018. The department announced that the IRS will implement a redesigned W-4 form for tax year 2020, a timeline that will allow for continued work to refine the new approach for the…