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The IRS has been too vociferous in auditing individuals who have claimed the adoption tax credit, the Government Accountability Office (GAO) suggests in a report. In “Adoption Tax Credit: IRS Can Reduce Audits and Refund Delays,” the GAO reports that the IRS: (1) did not sufficiently train and communicate with its auditors who were examining […]
Employers that sponsor health plans might get rebates from their group health insurers thanks to health reform, but if they do, they are required to pass the proper amount of the rebate on to employees. Under the medical loss ratio (MLR) rule (mandated by the 2010 reform law), health insurers must spend a minimum percentage […]
A multi-year investigation by the United States Department of Labor into violations of wage and hour laws by New Jersey gas stations has found “consistent and widespread noncompliance,” according to agency officials. The investment action recovered more than $1 million in back wages for 295 workers. In an agency statement, DOL Secretary Hilda L. Solis […]
Litigation Value: Implementing an antinepotism policy = $800; medical bills for Dwight’s tumble from his secret standing stool = $1,000; applying your “buffalo wings passion” to all aspects of your life = priceless. Last night’s episode contained some interesting revelations about our friends at Dunder Mifflin Sabre. Indeed, Creed may be part of a secret […]
Here’s Oswald’s take on the “F” Word: According to the article the writer analyzed 50 recent news releases announcing coaching changes in college football and basketball. Of the 50 releases reviewed, not a single one contained the word “fired” — zip, zilch, nada. “How can that be?” Well, while none of the coaches was fired, […]
If you have a nondiscretionary bonus plan that is awarded to nonexempt employees at intervals greater than each week (for example, on a quarterly, semiannual or annual basis), you are required to retroactively calculate the bonus into the employee’s “regular rate” of pay.