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Household employees open ‘a big can of worms’

By Tom Breedlove January 31, 2023 4:27 PM For most tax practitioners, household employment is a tricky part of the Tax Code — primarily because of what they get from clients and when they get it. Busy families who have...

  • February 1, 2023

IRS reminds business owners to correctly identify workers as employees or independent contractors

WASHINGTON — During National Small Business Week, the Internal Revenue Service reminds business owners that it’s critical to correctly determine whether the individuals providing services are employees or independent contractors. An employee is generally considered to be anyone who...

  • September 21, 2021

IRS: Eligible employees can use tax-free dollars for medical expenses

WASHINGTON — With health care open season now under way at many workplaces, the Internal Revenue Service today reminded workers they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. Eligible...

  • November 19, 2019

Eight Facts about New ACA Information Statements

Many individuals will receive new ACA information statements for the first time in 2016: • Form 1095-B, Health Coverage • Form 1095-C, Employer-Provided Health Insurance Offer and Coverage Here are eight facts about these forms: • While the information...

  • December 29, 2015

Employers: Don’t Overlook the Small Business Health Care Tax Credit

Do you own or run a small business or tax-exempt group with fewer than 25 full-time employees? If you do, you should know that the Small Business Health Care Tax Credit can help you provide insurance to your employees....

  • March 13, 2015

Information for Employers about Their Responsibilities Under the Affordable Care Act

If you are an employer, the number of employees in your business will affect what you need to know about the Affordable Care Act (ACA). Employers with 50 or more full-time and full-time-equivalent employees are generally considered to be...

  • October 17, 2014

Give Tax Records a Mid-Year Tune-up this Summer

During the summer, you may not think about doing your taxes, but maybe you should. Some of the expenses you’ve paid over the past few months might qualify for money-saving tax credits or deductions come tax time. If you...

  • August 23, 2013