Farewell to the tax-free sum in `full and final' settlement?
- IRS Announces Voluntary Classification Settlement Program. Rosenberger, John // Westchester County Business Journal;12/12/2011, Vol. 47 Issue 50, Special section pS5
The article presents the launching of the Voluntary Classification Settlement Program (VCSP) by the U.S. Internal Revenue Service (IRS). It mentions that the VCSP will be applied for the taxpayers and help the employers to classify their workers as employees. Furthermore, it also says that the...
- Employment taxes update. // Accountancy;Oct2008, Vol. 142 Issue 1382, p78
The article offers news briefs related to employment tax issues in Great Britain. As of an unspecified date in October 2008, employers can print P45s on plain white paper if a P45 has been submitted online. Revenue and Customs provided more guidance on the taxation of salary sacrifice...
- PAYE codes and bands. // Accountancy;Sep2008, Vol. 142 Issue 1381, p93
The article discusses PAYE (Pay-As-You-Earn) code changes in Great Britain. Topics include new personal allowance and tables reflecting higher thresholds and criticism of the adverse implications of the removal of the 10% starting rate. Also discussed are tax codes and rate bands that must by...
- The 'Scarlet M': State uses shame, fines to fight misclassification. // HR Specialist: California Employment Law;Nov2011, Vol. 5 Issue 11, p6
The article offers information about the U.S. Senate Bill 459 that permits the California Labor and Workforce Development Agency (LWDA) to levy a minimum of 5,000 in fines against employers misclassifying workers and requiring them to publicize their violations. It also forbids employers from...
- W-2s this year: What a difference a day makes. // Payroll Legal Alert;Jan2015, Vol. 20 Issue 3, p3
The article offers information on employees' W-2 form of the U.S. Internal Revenue Services (IRS) for the year 2015 and offers suggestions for the employees such as reviewing wage and tax categories, renewing third-party designee status and verifying data prior to printing W-2 forms.
- Senators Want to Make Sure Federal 'Tax Cheats' Don't Get Bonuses. Gruber, Amelia; Katz, Eric // Government Executive;10/30/2015, p1
The article discusses the bill "No Bonuses for Tax Cheats Act" which would require the U.S. Treasury secretary to withhold bonuses from the U.S. Internal Revenue Service employees who are delinquent on their taxes and are not willing to pay them back.
- Taxpayers win new rights. Halverson, Guy // Christian Science Monitor;8/5/96, Vol. 88 Issue 175, p8
Reports on the signing into law of the taxpayer bill by President Bill Clinton. Beneficial effect on taxpayers; Efficiency of Internal Revenue Service as tax collector; Founding history of IRS; Implications for volunteer board members of civic groups.
- Insurance Data. // Practical Accountant;Sep2000, Vol. 33 Issue 9, p16
Focuses on a revenue ruling dealing with the differential earnings rate for 1999 and the recomputed differential earnings rate for 1998 in the United States.
- Accountants and the Responsible Person Penalty. Segal, Mark A. // CPA Journal;May2000, Vol. 70 Issue 5, p28
Deals with the tax penalty provision set forth by the United States (US) Internal Revenue Code (IRC) for persons responsible for the collection and payments of employment taxes. IRC guidelines on employer tax obligations; Definition of the responsible person according to the Internal Revenue...