Is your company considering reclassifying certain workers from now on, but hesitant because it is worried about triggering a federal employment tax audit or having not consistently filed Forms 1099 for those workers in the past? If you answered “yes,”…
Some employee benefits such as child care and transportation benefits are soon to be offered to the same-sex domestic partners of military members, U.S. Department of Defense recently announced. Outgoing Secretary of Defense Leon Panetta indicated in Feb. 11 memo that…
A private company that provides paper transit vouchers to parts of the federal government for use in its qualified transportation fringe benefits has claimed that the U.S. Department of Transportation is implementing an electronic payment system that does not comply…
(This is a continuation of the previous story) Exactly what standard of protection is acceptable in a QTFB debit card is unsettled. Not all cards are created equal, and some types do a better job of restricting transactions than…
Even as the IRS announces it plans to issue guidance on the use of smartcards with qualified transportation fringe benefits, public comments on such guidance include allegations of impropriety from one vendor. The IRS asked for input on whether it…
Employees who want to help victims of Hurricane Sandy through leave donation may do so without being taxed on the monetary value of the vacation days, sick days and personal leave they donate, the IRS announced Nov. 6. In a…
Retirement plans’ fortunes are tied to the financial markets — and how the federal government regulates them — and there has been no bigger development in that arena than the Dodd-Frank Wall Street Reform Act of 2010. The law made…
Reimbursement rates for lodging, meals and incidental expenses for fiscal year 2013, which begins Oct. 1, will be frozen at FY 2012 levels, the U.S. General Services Administration announced Aug. 27. GSA is the arm of the federal government that…
SEC efforts to tighten rules on the $2.56 trillion money market fund industry are on indefinite hold. Trade organizations representing the retirement plan and asset management industries wrote a joint letter to SEC Aug. 21 criticizing money market reforms on…
The standard industry fare level rates that employers will use to calculate the value of trips taken aboard company aircraft during the second half of 2012 were issued Aug. 14 by the U.S. Department of Transportation. The rates have increased…