One of the changes made by the American Taxpayer Relief Act ("ATRA") was to restore the $240 monthly limit on employer-provided transit passes or commuting transportation, which had reverted to $125 as of January 1, 2012. ...more
1/18/2013 - American Taxpayer Relief Act Employee Benefits FICA Taxes Income Taxes Payroll Taxes Retroactive Application Transit Benefits Withholding Errors
As most everyone knows by now, Congress adopted, and President Obama signed, legislation – the American Taxpayer Relief Act (the "Act") – that resolves many elements of the so-called "fiscal cliff," i.e., the various tax...more
1/5/2013 - Adoption Alternative Minimum Tax American Taxpayer Relief Act Charitable Donations CLASS Act Dependent Care Educational Assistance Programs Fiscal Cliff IRA Roth Conversions Tax Extensions
In Announcements 2012-45 and 2012-46, the IRS has temporarily eased the eligibility requirements for employers to participate in the employment-tax Voluntary Classification Settlement Program ("VCSP") that was begun last...more
12/21/2012 - DOL Independent Contractors IRS Misclassification VCSP
Executive Summary: In addition to the other various employee benefit plan relief provided as a result of Hurricane Sandy, on November 16 the Internal Revenue Service announced, in Announcement 2012-44, that certain...more
11/19/2012
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