Ideas & Insights

IRS warns taxpayers claiming self-employment tax exemption under IRC section 1402(a)(13) to be mindful of adverse Tax Court precedent.

White House closes the door on DOL classification of gig workers as independent contractors; reinstalls prior multi-factor test.

Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act.

IRS Issued Notice 2021-24 to extend relief for failure to deposit employment taxes for employers anticipating credits.

The Iowa Department of Revenue advises taxpayers that Employee Retention Credit-related wage deduction reductions apply at the state level.

The Pennsylvania Department of Revenue has issued complex guidance for employees claiming home office expense during the pandemic.

Notice 2021-20 clarifies retroactive changes made to ERTC and PPP interaction and incorporates several previous frequently asked questions.

IRS postpones certain filing, payment and other time sensitive deadlines for taxpayers affected by Texas winter storms.

The DOL has issued final regulations on the FSLA’s rules for independent contractors including gig workers, but it may be repealed.

In response to the COVID-19 pandemic, Notice 2021-7 allows taxpayers to switch valuation methods for employer-provided vehicles.

New Hampshire files challenge over Massachusetts regulation taxing telecommuting nonresidents with U.S. Supreme Court.

The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.

The final version of Form 941-X Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund has been released by the IRS.

Following the President’s memo on August 8, Treasury releases very short Notice 2020-65 delaying the deadline for employee FICA tax.

An executive order was issued directing the deferral of payroll tax payments. Follow up guidance from the Treasury Department is expected.

New legislation allows nonprofit employers to pay 50% of their unemployment reimbursing payment obligations to states.

These treasury regulations affirm the statutes the IRS will use to assess, reconcile, and recapture the COVID-19 payroll tax credits.

Seattle payroll expense tax to be imposed on employee compensation of at least $150,000 for businesses with $7 million or more in payroll.

Notice 2020-46 provides guidance for cash payments from foregone vacation, sick or personal leave made by employers to charities.

Section 4960 proposed rules add examples and clarity while generally following interim guidance and providing taxpayer-friendly exceptions.