Cash payments for donated leave aren’t comp: IRS
It won’t count as income to employees, but they also won’t be able to deduct it.
It won’t count as income to employees, but they also won’t be able to deduct it.
The agency will allow some Texas residents to file certain individual and business tax returns and make some tax payments as late as Jan. 31.
The IRS has posted a webpage, dubbed the ACA Information Center for Applicable Large Employers, which features information and resources for employers on how the health care law may affect them.
As the Affordable Care Act continues to necessitate the evolution of the benefit advisers role with individual and employer clients, knowing about the tax ramifications of the health law is a must.
Pre-tax season taxpayer confusion is higher than normal with the ACA in full swing.