For those keeping watch, the IRS has released the “Draft as of July 13, 2020” 1094 and 1095C Forms. While the 1094C has not been changed, the 1095C Form has several changes. A quick reminder… whether an employer is an Applicable Large Employers (ALE)...
Recent IRS guidance requires that employers who have paid FFCRA qualified sick leave wages or qualified family leave wages must separately state each of these wage amounts either on Form W-2, Box 14, or on a separate statement. This information is needed for any...
The Department of Labor’s (DOL) Wage and Hour Division (WHD) is actively enforcing the paid leave provisions of the Families First Coronavirus Response Act (FFCRA) resulting in payments of thousands of dollars in back wages for those employers found to be out of...
On June 5, 2020, President Trump signed into law the Paycheck Protection Program Flexibility Act (PPPFA) to assist in addressing YOUR pain points that the Paycheck Protection Program (PPP) brought about in ensuring that the monies loaned become forgivable. ...
Have you checked to make sure you timely filed all Forms 1094-C and 1095-C and met any applicable electronic filing requirements for the 2019 tax year? As a reminder, the deadline for filing forms with the IRS was February 28, 2020, if filing by paper, or March 31,...
A Treasury Inspector General of Tax Administration (TIGTA) report provides new insights into how the IRS is enforcing the employer shared responsibility requirements against Applicable Large Employers. Here are the highlights: As of July 27, 2019, the IRS closed...
