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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
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
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...
