2020 Standard Mileage Rates Announced by the IRS

2020 Standard Mileage Rates Announced by the IRS

On Dec. 31. 2019, the Internal Revenue Service (IRS) issued the 2020 standard mileage rates, which are used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. The mileage, medical, and moving rates all...
Here are the Final Forms for 2019 ACA Reporting

Here are the Final Forms for 2019 ACA Reporting

On Dec. 9, 2019, the Internal Revenue Service (IRS) released instructions and final forms for 2019 ACA reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2019 Forms 1094-C and 1095-C (and instructions) will be used by applicable large employers...
What to Know About the New Form W-4

What to Know About the New Form W-4

On Dec. 5, 2019, the Internal Revenue Service released an updated version of its new Form W-4, also known as the “Employee’s Withholding Certificate.” Employers use IRS Form W-4 to determine each employee’s federal tax withholdings. The new form is intended to...
What is the New ACA Form Furnishing Deadline?

What is the New ACA Form Furnishing Deadline?

For Applicable Large Employers (ALE) that are subject to the rules of the Affordable Care Act (ACA), there is a new ACA form furnishing deadline. The IRS has moved back the deadlines by which employers must furnish Forms 1095-C and 1095-B in early 2019. As a result:...

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