Payroll Update – The IRS has recently updated its list of Q&As on the health care information reporting requirements for large employers under Code Sec. 6056 [IRS website, Questions and Answers on Reporting of Offers of Health Insurance Coverage by Employers (Section 6056), as updated on May 19, 2015].
Archives for June 2015
Payroll Update – Withholding allowance certificates. A total of 22 states accept the federal Form W-4 for state withholding purposes; however, 11 of those states (Arkansas, California, Georgia, Massachusetts, Minnesota, New Jersey, New York, Rhode Island, Vermont, West Virginia, and Wisconsin) also have their own withholding allowance certificate and generally encourage use of the state form because the state and federal exemptions may not be identical.