Archive for the ‘Final Paycheck’ Category

Final Pay Penalties Are Not Wages for Federal Tax Purposes

Employers in California are subject to penalties under Labor Code section 203 if they fail to pay an employee who quits or is terminated in a timely manner. These penalties are referred to as waiting time penalties. The Internal Revenue Service (IRS) just released a Chief Counsel Advice Memorandum which states that waiting time penalties […]

3 Dec 15 - Final Paycheck - Gail Cecchettini Whaley - No CommentsRead More »