Human Resources News & Insights

IRS’ first FAQ on paid-leave credit answers some key questions

Employers finally have federal guidance regarding the paid-leave tax credit created under the Tax Cuts and Jobs Act (TCJA), but that guidance is likely to fall short of what many firms were expecting.

HR pros targeted in new scams: 3 schemes the FBI, IRS say to watch for

Heads up: In recent months, a number of federal agencies — including the FBI and IRS — are warning employers about new scams targeting employees’ direct deposit, W-2 and I-9 information. And these scams have wreaked havoc on scores of companies.

IRS changes course with 2018 mileage rate: What’s different this year?

The IRS just issued the standard mileage rates for 2018, and the latest figures are a departure from what HR pros are probably used to seeing from the feds.

What the heck is a Letter 226J? IRS’s new ACA enforcement comes at a terrible time

HR pros can be forgiven if they’re a bit skeptical about the IRS’ warnings to collect ACA employer mandate penalties. After all, they’ve been saying this for years without actually following through. But with the latest warning, the agency also included some proof that this time it’s for real.

IRS increases FSA limits, other benefits for 2018

The IRS just released the 2018 Cost-of-Living Adjustments (COLAs) for a variety of tax-related limits, like the popular flexible spending accounts (FSAs). Here’s what employers need to know about the new COLA limits: 

IRS issues strong warnings about ACA compliance: Should HR be worried?

Despite lots of warnings, the IRS has yet to impose any non-compliance penalties on employers during the two years the ACA reporting provisions have been mandatory. And with all of the efforts to kill or water down Obamacare, many employers are wondering if they should even make ACA compliance a priority at all.

Changes for 2018 HSAs, high-deductibles: What IRS increased

If you’d like to get a jump on next year’s planning, the IRS just released the 2018 HSA contribution limits and HDHP required deductibles and out-of-pocket limits. 

Does new IRS action spell doom for ACA employer mandate?

Employers who could be subject to the Affordable Care Act’s (ACA) employer mandate penalties should be very interested in the latest move by the IRS. 

Protect employees from identity theft and refund fraud this tax season

Now that Tax Season 2017 is upon us, it is time for HR departments to remain vigilant against the pervasive threat of identity theft and refund fraud arising from the distribution of personal tax information, say guest posters Ken Dort and Reeva Thakrar, both attorneys for the firm of  Drinker Biddle & Reath. ____________________________________________________________________________

Trump issues ACA executive order: The fallout for employers

One of President Donald Trump’s first orders of business when he took office was issuing an executive order on the Affordable Care Act (ACA). Since then, much has been written about the order’s potential effect on the individual marketplace. Now, it’s time to address how it could impact employer plans.