Posts Tagged ‘IRS’

IRS Extends Employer Deadline for ACA Reporting Forms

The Internal Revenue Service (IRS) recently announced that it is extending the due date for certain 2017 Affordable Care Act (ACA) reporting forms to be provided to employees. The deadline for employers to provide Form 1095-B, Health Coverage or Form 1095-C, Employer-Provided Health Insurance Offer and Coverage to employees is March 2, 2018, (extended from […]

27 Dec 17 - Health Care Reform - Gail Cecchettini Whaley - No CommentsRead More »

Remember: W-2s Due January 31 to IRS

The Internal Revenue Service (IRS) reminds employers and other businesses of the January 31 filing deadline that now applies to filing Form W-2 wage statements and independent contractor forms. Under the Protecting Americans from Tax Hikes Act, employers are now required to file their copies of Form W-2 and Form W-3 with the Social Security […]

27 Nov 17 - Reporting Requirements - Gail Cecchettini Whaley - No CommentsRead More »

IRS Announces 2018 Health Savings Account Limits

Health Savings Accounts (HSAs) are pre-tax accounts available to individuals covered under a high-deductible health plan. Eligible individuals can accumulate money, tax-free, in HSAs to pay for qualified medical expenses in the face of rising health insurance costs. The IRS announced the annual limits for HSA contributions for 2018. These limits are indexed for inflation and released […]

11 May 17 - Benefits - Gail Cecchettini Whaley - No CommentsRead More »

IRS Extends Deadlines for 2015 ACA Reporting

On December 28, 2015, the IRS issued Notice 2016-4, which extends the ACA reporting deadlines for 2015 as follows: (1) The due date for employers to provide the 2015 Form 1095-B, Health Coverage, and the 2015 Form 1095-C, Employer-Provided Health Insurance Offer and Coverage to employees is extended from February 1, 2016, to March 31, […]

30 Dec 15 - Health Care Reform - Gail Cecchettini Whaley - No CommentsRead More »

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 »