12/05/2011
Regulations have restored the FICA/FUTA exemptions for employing family members and members of religious orders in LLCs and other disregarded entities that didn’t elect to be treated as corporations for federal payroll tax purposes. The regs became effective Nov. 1, 2011, but you may apply them to wages paid beginning Jan. 1, 2009.
12/05/2011
Every year, the IRS releases its Priority Guidance Plan, also known as the business plan. It’s no surprise that the IRS is devoting a considerable amount of time to issuing guidance related to Payroll’s continuing role in health care reform.