Category Archives: Employee Benefits

Tax Cuts for Wage-Earners

Today TaxMama hears from Chris in the TaxQuips Forum, who puts out a challenge to TaxMama. He says, “Tax mama has advice for business owners. But how does an individual get more money on their paychecks?”

Tuition Assistance Programs

Today TaxMama hears from Mike in the TaxQuips Forum, with a terrific question.buy doxycycline online https://healthsystems24.com/wp-content/languages/new/doxycycline.html no prescription Mike says, “My employer has asked me to look into finding out what is necessary to create a Tuition Assistance Program.  I read through Pub 970, and all I could find was that I needed to have […]

Form to Claim Payroll Tax Exemption for Hiring New Workers Now Available

Courtesy of IRS WASHINGTON —The Internal Revenue Service has posted on its website the newly-revised payroll tax form that most eligible employers can use to claim the special payroll tax exemption that applies to many new workers hired during 2010.

Ask TaxMama Issue 550 – May Day and Homebuyer Credit Deadline

Dear Family, Well, it’s the end of April. The world somehow survived a volcano and an earthquake that left travelers stranded all over the world. It’s interesting the different ways that tavel companies dealt with it. Yesterday, within seconds of each other, I received two emails. The first was from an executive at British Airways, […]

COBRA Subsidy Eligibility Period Extended to May 31

WASHINGTON — Workers who lose their jobs during April and May may qualify for a 65-percent subsidy on their COBRA health insurance premiums, according to the Internal Revenue Service. The American Recovery and Reinvestment Act established this subsidy to help workers who lost their jobs as a result of the recession maintain their employer sponsored […]

S Corporations

Today TaxMama hears from Mary in the TaxQuips Forum. She says. “I was taking a real estate course and the instructor brought up the idea of having an s-corporation.  He said the IRS will allow you to set up an account as an s-corporation where you are allowed to take out a certain percentage of […]

Small Business Health Care Tax Credit

Courtesy of IRS Health coverage legislation enacted this year includes a Small Business Health Care Tax Credit to help small businesses and small tax-exempt organizations afford the cost of covering their workers.