By H. Jacob Lager of Zuber Lawler & Del Duca
The Sixth Circuit has determined that some forms of severance payments are not taxable under FICA. In In re Quality Stores, Inc., No. 10-1563 (6th Cir. Oct. 6, 2012), the Court determined that payments made out of a company’s severance plans were SUB payments, which the Court concluded were not… More...
The Internal Revenue Service has expanded its Voluntary Classification Settlement Program (VCSP) paving the way for more taxpayers to take advantage of this low-cost option for achieving certainty under the law by reclassifying their workers as employees for future tax periods. More...
As preparations continue for the Jan. 30 opening of the 2013 filing season for most taxpayers, the Internal Revenue Service explained that processing of tax returns claiming education credits will begin by the middle of February. More...
The Internal Revenue Service has issued a guidance to borrowers, mortgage loan holders and loan servicers who are participating in the Principal Reduction AlternativeSM offered through the Department of the Treasury’s and Department of Housing and Urban Development’s Home Affordable Modification Program® (HAMP-PRA®). More...
The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have issued comprehensive final regulations implementing the information reporting and withholding tax provisions commonly known as the Foreign Account Tax Compliance Act (FATCA). More...
Certain owners of individual retirement arrangements (IRAs) have a limited time to make tax-free transfers to eligible charities and have them count for tax-year 2012, according to the Internal Revenue Service. More...
The Internal Revenue Service has issued a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. More...
Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced today it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30. More...
The Internal Revenue Service has released updated income-tax withholding tables for 2013 reflecting last week’s changes by Congress. More...
The Internal Revenue Service (IRS) has advised low- and moderate-income workers to take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead. More...
The Internal Revenue Service (IRS) has updated procedures which the IRS said seeks to strengthen the Individual Taxpayer Identification Number (ITIN) program requirements. More...
LawLoop Demo
Welcome to the Future