When the Internal Revenue Service (IRS) determines during an examination that a fringe benefit should have been taxed and the employer accordingly has to pay additional taxes in a later year, how is the subsequent payment...more
More and more employers and insurance companies are providing incentives and rewards to employees and their covered dependents to encourage participation in wellness programs—programs designed to improve an individual’s...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