Employers should be alert to significant new legislative and judicial
developments in the collection and payment of payroll taxes.Payroll Tax Exemption for New Hires. The
Internal Revenue Service has released a new tax form to... Read more »
The health care reform package enacted earlier this year contains a number
of provisions that will require various federal agencies to issue guidance
on their implementation over the coming months. The first regulations were
recently... Read more »
This morning, with Justice Antonin Scalia writing a unanimous opinion, the
U.S. Supreme Court ruled in a case brought by a group of African-American
firefighter applicants who alleged that the city of Chicago's applicant
selection... Read more »
Effective March 1, 2010, Colorado expanded its sales/use tax to require a
non-Colorado retailer to collect Colorado sales/use tax when it is part of
a controlled group of corporations where one or more of... Read more »
The IRS on April 19 released new information (Announcement 2010-30)
together with draft instructions and a tax return schedule for its
initiative to require corporate taxpayers to report “uncertain tax
positions” (UTPs) on their returns. Read more »
President Obama signed the Hiring Incentives to Restore Employment Act (the
HIRE Act) on March 18, 2010. The HIRE Act provides $18.6 billion in tax
provisions including $13 billion in tax breaks for hiring... Read more »
With the passage of the massive healthcare bill, odds are the current
taxpayer-friendly picture will only last through the end of this year.
Unless Congress takes action to extend the status quo, higher taxes... Read more »
Caution: Don't expect a state to routinely
accept a Voluntary Disclosure Agreement (VDA) and settlement of your
outstanding unclaimed property liabilities without question or audit. A
number of states, including Delaware, provide VDA programs for ... Read more »
Businesses and not-for-profit organizations are accustomed to IRS rules
that require them to report certain payments on annual Form 1099
information returns. However, the recently enacted healthcare law imposes
surprising new Form 1099 reporting requir... Read more »
The Federal Reserve Board has published final rules implementing the
provisions of the Credit Card Act of 2009 relating to gift cards, gift
certificates and "general use prepaid cards.” The rule applies
to all covered... Read more »
