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Draft Form 941. On August 28, 2020, the IRS posted a draft version of Form 941 on its website. Specifically, the draft form changes line 24 to read: “Deferred amount of employee’s share of Social Security tax included on line 13b.” Line 13b of the draft form is slightly altered to say: “Deferred amount of Social Security
Part III – Administrative, Procedural, and Miscellaneous Relief with Respect to Employment Tax Deadlines Applicable to Employers Affected by the Ongoing Coronavirus (COVID-19) Disease 2019 Pandemic Notice 2020-65 On August 8, 2020, the President of the United States issued a Presidential Memorandum directing the Secretary of the Treasury (Secretary) to use his authority pursuant to
The Wage and Hour Division’s (WHD) new nationwide program, the Payroll Audit Independent Determination (PAID) program, facilitates resolution of potential overtime and minimum wage violations under the Fair Labor Standards Act (FLSA). The program’s primary objectives are to resolve such claims expeditiously and without litigation, to improve employers’ compliance with overtime and minimum wage obligations, and to
The IRS has confirmed during its monthly payroll industry telephone conference call on August 6 that a revised version of Form 941-X (Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund) with the COVID-19 tax credits will be issued in mid-to-late September 2020. In response to the COVID-19 health emergency, the Families First Coronavirus
Q1. May employers set up a leave-sharing plan under IRS Notice 2006-59 (PDF) that permits employees to deposit leave in an employer-sponsored leave bank for use by other employees who have been adversely affected by the COVID-19 pandemic? A1. Yes. Notice 2006-59 provides guidance on the federal tax consequences of certain leave-sharing plans that permit
Please follow link to get most up to date info https://www.dol.gov/newsroom/releases/whd/whd20200720-0
The APA’s fall exam window has been extended and is open from September 5 – November 7, 2020. Candidates will be tested on laws and regulations in place as of January 1, 2020.
IRS unveils “Dirty Dozen” list of tax scams for 2020; Americans urged to be vigilant to these threats during the pandemic and its aftermath
IR-2020-160, July 16, 2020 WASHINGTON — The Internal Revenue Service today announced its annual “Dirty Dozen” list of tax scams with a special emphasis on aggressive and evolving schemes related to coronavirus tax relief, including Economic Impact Payments. This year, the Dirty Dozen focuses on scams that target taxpayers. The criminals behind these bogus schemes
U.S. DEPARTMENT OF LABOR SEEKS PUBLIC INPUT ON EFFECTIVENESS AND IMPACT OF PAID FAMILY LEAVE ON WOMEN AND FAMILIES
News Release WASHINGTON, DC – The U.S. Department of Labor today announced a Request for Information regarding the impact of paid family and medical leave on America’s workforce. Specifically, the Department’s Women’s Bureau is requesting comment on the effectiveness of current state- and employer-provided paid leave programs and the impact that access or lack of access to