IRS Issues New Tables for 2018 Tax Withholding
OVERVIEW Starting Feb. 15, 2018, employers must use new tables to determine how much income tax to withhold from their employees’ paychecks. The Internal Revenue Service (IRS) issued the required new tables, in Notice 1036, on Jan. 9, 2018. The notice contains early...
House and Senate Pass Tax Reform Bill
On Dec. 20, 2017, the tax reform bill, called the Tax Cuts and Jobs Act, passed both the U.S. Senate and the U.S. House of Representatives. The bill is now expected to be signed into law by President Trump by the end of the day. This tax reform bill, drafted based on...
FINAL FORMS FOR 2017 ACA REPORTING RELEASED
On Sept. 28, 2017, the Internal Revenue Service (IRS) released final 2017 forms for reporting under Internal Revenue Code (Code) Sections 6055 and 6056. 2017 Forms 1094-C and 1095-C (and related instructions) are used by applicable large employers (ALEs) to report...