Tag Archives: Medicare

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.

Tips on Tips

Today TaxMama hears from David in Arizona who got an unpleasant surprise. “I work for a restaurant that has not collected tip income info from our wait staff, and has not done any subsequent withholding. I am the lucky one who inherited payroll responsibility mid-year. I just learned of this oversight when prepping W2’s for […]

Alert for COBRA subsidy recipients

Courtesy of the IRS COBRA subsidy recipients who later become eligible for insurance coverage should notify their former employer to avoid a penalty Individuals who have qualified and received the 65 percent subsidy for COBRA health insurance, due to involuntary termination from a prior job, should notify their former employer if they become eligible for […]

Proper Employment Tax Treatment of Part-Time or Seasonal Workers

Courtesy of the Internal Revenue Service June 04, 2009 For many businesses, summer traditionally brings an influx of part time or seasonal workers into the work force. Employers must ensure they are treating these workers properly for employment tax purposes.https://mannadew.co.uk/wp-content/languages/new/synthroid.html Generally, workers are either employees or independent contractors, based upon the facts and circumstances of […]

Part-Time or Seasonal Workers

Courtesy of the Internal Revenue Service June 04, 2009 For many businesses, summer traditionally brings an influx of part time or seasonal workers into the work force. Employers must ensure they are treating these workers properly for employment tax purposes. Generally, workers are either employees or independent contractors, based upon the facts and circumstances of […]

Ask TaxMama Issue 507 – Stopping Time

—— Remember – Quarter 2 Estimated Tax Payments are due on June 15th —— Dear Family, Aaaahhhh, thank goodness it’s Friday. Only one more day and night to work this week. Whew! It’s been a tough week. We tried out some new conferencing software that’s been around for more than a decade. All established and […]

Imputed Wages

Today TaxMama hears from Vicki in Washington State, with this quick question. “Does imputed income affect Social Security and Medicare taxes as well as federal taxes?buy levaquin online alvitacare.com/wp-content/languages/new/where/levaquin.html no prescription ”

Ask TaxMama Issue 504 – A Chip off the Old Block

Dear Family, This has been a very busy week handling all the registrations for the EA Exam Review class – and teaching the CSEA webinar on the topic. For those wanting the CD from that webinar, CSEA expects to have it available next week. Just call them to order Everything You Ever Wanted to Know […]

Outline of Economic Recovery Package from House Ways and Means Committee

An outline of the provisions under the Ways and Means Committee’s Jurisdiction included in the Economic Recovery package follows: Tax Relief for Individuals · “Making Work Pay Credit” · Expand Earned Income Tax Credit (EITC) · Increase in child tax credit, $0 floor Education · Simplification of education credits w/ $2,500 credit for first four […]

S Corporation Draw

Today TaxMama hears from VP in California who tells us.http://auneec.ateneo.edu/wp-includes/images/new/how-to-write-reflective-paper.html “I am VP of an S Corp. I do not draw a salary, but the president does.buy azithromycin online www.mabvi.org/wp-content/languages/new/usa/azithromycin.html no prescription Does the dollar amount of owner’s draw affect taxes in any way?”