In part one of this two-part series, “Supreme Court DOMA Decision — Part I: Fringe Benefits and Other Tax Implications,” I reviewed the fringe benefit and tax implications of the United States v. Windsor decision....more
On January 16 the Internal Revenue Service (IRS) issued guidance on the application of the retroactive increase in excludible transit benefits, as enacted under the American Taxpayer Relief Act of 2012 (ATRA). IRS Notice...more
1/18/2013
/ American Taxpayer Relief Act ,
Employee Benefits ,
FICA Taxes ,
IRS ,
Recordkeeping Requirements ,
Reporting Requirements ,
Retroactive Application ,
Tax Benefits ,
Transit Benefits ,
W-2 ,
Withholding Errors
Well, Congress in the season of giving has provided plan sponsors and participants with multiple beneficial opportunities to start 2013. Congress passed the American Taxpayer Relief Act of 2012 (H.R. 8), also known as the...more