Posts Tagged ‘IRS’

IRS Tax Withholding Form W-4

New Form W-4, Tax Withholding Method

In December 2019, the IRS released its new Form W-4, Employee’s Withholding Certificate for 2020. Prompted by the 2017 Tax Cuts and Jobs Act, the IRS made major revisions designed to make income tax withholding easier for employees, including changing the name from Employees’ Withholding Allowance Certificate. The new form no longer has withholding allowances, […]

16 Jan 20 - Compensation - James W. Ward - No CommentsRead More »

IRS Announces 2020 Health Savings Account Limits

The Internal Revenue Service (IRS) announced the annual limits for Health Savings Accounts (HSAs) for 2020. 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. The HSA limits, which are indexed for inflation every year, will increase […]

31 May 19 - Benefits - Erika Pickles - No CommentsRead More »

Direct Deposit Scam Targets Payroll, HR

Payroll and HR departments are now popular targets for criminals. They could inadvertently give criminals access to an employee’s paycheck without the employee knowing and end up costing your company thousands of dollars. The direct deposit scam is the latest trick hitting these departments. The Internal Revenue Service (IRS) and law enforcement are warning employers […]

14 May 19 - General - Katie Culliton - No CommentsRead More »

IRS Releases Common 2019 Tax Scams to Be Aware Of

To help businesses and taxpayers prepare for the federal tax filing deadline next month, the U.S. Internal Revenue Service (IRS) is releasing information on 12 common tax scams to be aware of this year. As many of these scams peak during the filing season, the IRS annually launches a “Dirty Dozen” campaign, highlighting one common […]

15 Mar 19 - General - HRWatchdog - No CommentsRead More »

IRS Extends Deadline for Certain ACA Reporting Forms

The Internal Revenue Service (IRS) recently announced that it is extending the due date for certain 2018 Affordable Care Act (ACA) reporting forms to be provided to employees. The deadline for providing Form 1095-B, Health Coverage and Form 1095-C, Employer-Provided Health Insurance Offer and Coverage to employees is now March 4, 2019, (extended from January 31, 2019). The […]

5 Dec 18 - Reporting Requirements - HRWatchdog - No CommentsRead More »