IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage Reporting is Voluntary for All Employers for 2011 and Small Employers for 2012 IR-2011-31, March 29, 2011 WASHINGTON — The Internal Revenue Service today issued interim guidance to employers on informational reporting on each employee's annual Form W-2 of the cost of the health insurance coverage they sponsor for employees. The IRS is also requesting comments on this interim guidance. The IRS emphasized that this new reporting to employees is for their information only, to inform them of the cost of their health coverage, and does not cause excludable [...]

As a rule, the IRS does not send unsolicited e-mails to taxpayers, though on occasion some taxpayers might receive newsletters or announcements of upcoming IRS-sponsored events based on their membership in professional tax organizations. However, the IRS does not send unsolicited, tax-account related e-mails to taxpayers. For security and other reasons, the IRS never asks for personal and financial information via e-mail. Additionally, the IRS never asks people for the PIN numbers, passwords or similar secret access information for their credit card, bank or other financial accounts. Since the IRS rarely contacts taxpayers via e-mail, and never about their tax [...]

Example of a fraudulent NACHA email: Fraudulent Emails Appearing to Come from NACHA (Action Requested) Ensure that Frontline Staff Understand Sustained and Evolving Nature of Attacks Action Requested NACHA requests that financial institutions, billers, and payment providers ensure that their frontline staff — those who interact with customers — understand the sustained and evolving nature of these attacks. Organizations may wish to consider designating a focal point to coordinate communications and awareness internally and with customers. Kindly instruct customers to forward fraudulent emails they receive that appear to come from NACHA to abuse@nacha.org for analysis. Background Further to previous Members [...]

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WASHINGTON — The Treasury Department and Internal Revenue Service today requested public comment on a proposed affordability safe harbor for employers under the shared responsibility provisions included in the Affordable Care Act that will apply to certain employers starting in 2014. Under the Affordable Care Act, employers with 50 or more full-time employees that do not offer affordable health coverage to their full-time employees may be required to make a shared responsibility payment. Notice 2011-73, posted today on IRS.gov, solicits public input and comment on a proposed safe harbor, designed to make it easier for employers to determine whether the [...]

The 15th is on Thursday this month. If your check date falls on the 15th, please make sure your payroll information is reported to your account manager no later than 3pm on Tuesday the 13th. Also, please keep in mind that the end of 3rd quarter is just a few weeks away. If you have any information that needs to be included in 3rd quarter reports and has not yet been reported to your account manager, please do so no later than 1pm on September 30th. Thank you! As always, if you have any questions please feel free to call [...]

We are rapidly approaching the end of another quarter. The last day of processing for this quarter will be Friday, September 30, 2011. If you have any adjustments that need to be included in this quarter, please submit them to your Account Manager no later than 1:00pm on the 30th.  Adjustments may include manual checks written by you, or any checks you may have voided. For our Clients who have “APPLIED FOR” State and Unemployment ID numbers, please send them in as soon as you receive them. We will discontinue processing for this quarter at 1:00pm on the 30th. If [...]

The Attributed Tip Income Program, introduced through Revenue Procedure 2006-30 and extended an additional two years under Revenue Procedure 2009-53, will be discontinued Dec. 31, 2011. The pilot program attracted only a small number of participants. Employers who elected to participate in ATIP for calendar year 2011, along with their participating employees, will continue to benefit from the program through the end of the year. Since ATIP will not be available for calendar year 2012, employers may want to consider other IRS voluntary tip reporting programs, such as the Tip Reporting Determination Agreement or the Tip Reporting Alternative Commitment, if [...]

IR-2011-87, Sept. 1, 2011 WASHINGTON –– The Internal Revenue Service is providing tax relief to individual and business taxpayers impacted by Hurricane Irene. The IRS announced today that certain taxpayers in North Carolina, New Jersey, New York and Puerto Rico will receive tax relief, and other locations are expected to be added in coming days following additional damage assessments by the Federal Emergency Management Agency (FEMA). The tax relief postpones certain tax filing and payment deadlines to Oct. 31, 2011. It includes corporations and businesses that previously obtained an extension until Sept. 15, 2011, to file their 2010 returns and [...]