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The tax law passed by Congress and signed by President Obama on December 18 contains some payroll tax provisions that are of interest to employers. Here are four changes in the Protecting Americans from Tax Hikes Act of 2015 (PATH Act).  1. There’s now parity between...

In a Legal Advice Issued by Field Attorneys (LAFA), IRS has provided guidance regarding the effect on the running of the statute of limitations for assessments, of: A taxpayer filing Form 941, the quarterly employment tax return, when he was supposed to file Form 944, the annual...

It is generally more tax-efficient to be paid a salary than to receive dividends, given that salary expense is deductible and dividends are paid on an after-tax basis. If the IRS thinks some portion of your salary really should be treated as a distribution of profit, that portion...