WASHINGTON — The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. An employee who chooses to participate in an FSA can...
On Sept. 10, USCIS further extended the validity of Permanent Resident Cards (PRC, or Green Card) from 24 months to 36 months for lawful permanent residents who have filed Form I-90, Application to Replace Permanent Resident Cards, to renew their PRC. Individuals newly filing Form I-90 will receive...
A common method for determining the fair rental value of clergy housing is using a fixed percentage, like 12%-15% of the current home value. However, this method may be inaccurate. The IRS and tax courts typically recommend using methods such as the comparable fair rental...
Start by asking employees why they are clocking in early. That information will help you determine whether the issue could be solved with a simple conversation or whether there are other factors at play you may need to address. If employees are simply unaware of your...
Question: Do we need to pay our remote employees for a full day if they lose internet access for a few hours? Answer: It depends on their status under the Fair Labor Standard Act (FLSA). Your exempt employees need to be paid their full salary for...
WASHINGTON — The Internal Revenue Service announced that the IRS Free File Guided Tax Software will be available Jan. 10 for taxpayers ahead of the official start of tax season later this month. Starting Jan. 10, the IRS Free File will begin accepting individual tax returns....
Question: Is it preferable to allow an employee designated for termination to resign? Answer: Yes, allowing an employee to resign voluntarily can be preferable in certain situations. “Resignation in lieu of termination” can offer a more dignified exit for the employee and potentially reduce legal risks...
Ministry dues can qualify as a professional expense under the Internal Revenue Code if they meet certain criteria. According to the Internal Revenue Code and relevant regulations and rulings, the deductibility of such expenses depends on whether they are considered ordinary and necessary business expenses. ...
Martin Luther King Jr. Day is a federal holiday in the United States, celebrated on the third Monday of January each year. It is a day to honor the life and legacy of Dr. Martin Luther King Jr., an influential civil rights leader who fought...
Many employers typically pay year-end bonuses in the first quarter of the year. If you received a bonus for the first time this year, you may be surprised at the net amount of your "windfall." WHY THE SURPRISE? Work bonuses are classified as supplemental wages, which...