IRS releases 2018 wage amounts exempt from levy

The IRS has released the 2018 wage amounts that are exempt from levy. The figures, which are reproduced in this Report Letter on page 7, are issued annually as part of IRS Pub. 1494. The figures will also be reproduce in the Payroll Management Guide at ¶3925 in a future release. (IRS Pub. 1494, Tables […]

Global medical costs expected to increase in 2018 as local rates of inflation rise

Global inflation rates are projected to rise around the world in 2018, and cost increases for employer-sponsored medical plans are likely to follow suit, according to a recent report from Aon. Global average cost increases are projected to be 8.4 percent in 2018-nearly three times the projected rate of inflation of 3.1 percent. Aon’s report […]

Delaware posts withholding forms

The Delaware Division of Revenue has released the 2018 quarterly and monthly withholding reporting forms. The forms can be viewed on the division’s website at https://revenue.delaware.gov/services/Business_Tax/Forms_New.shtml#bustxcr. (Delaware Division of Revenue, Business Tax Forms, December 26, 2017.) Visit our News Library to read more news stories.

Spencer’s Benefits NetNews – January 5, 2018

About this Newsletter The Spencer’s Benefits Reports is a summary of the week’s news items posted in the WHAT’S NEW pages of Spencer’s Benefits Reports Online. For questions regarding this email service, contact Customer Service at (800)449-9525. NetNews Subscription Want to receive these Newsletters via E-mail? Sign Up / Unsubscribe hr.cch.com Resources Online Store Customer […]

Court grants preliminary injunction against Trump’s religious and moral exemptions rules

The U.S. District Court for the Eastern District of Pennsylvania granted a preliminary injunction enjoining the government from enforcing two new interim Final rules, referred to as the Moral Exemption Rule (82 FR 47792) and the Religious Exemption Rule (82 FR 47838), modifying the Patient Protection and Affordable Care Act (ACA). The court held that […]

D.C. issues guidance on EFT

D.C. has updated its electronic funds transfer (EFT) along with several other electronic filing guides. Some functions and/or debit blocks changed due to the transition to the new web portal in November 2016; however, for those taxes that were not converted to the Modernized Integrated Tax System (MITS), functions/debit blocks remain the same for Official […]

IRS intends to reestablish IRPAC

The IRS intends to reestablish the Information Reporting Program Advisory Committee (IRPAC) for a period of one year beginning January 5, 2018. The IRPAC is the only advisory committee designed to focus on information reporting issues. Its members usually come from the tax professional community, small and large businesses, financial institutions, state tax administration agencies, […]

Little Sisters may not intervene in lawsuit challenging contraception coverage exemptions

Finding that the federal government was rigorously defending health care regulations exempting employers with religious objections from providing coverage for birth control, a federal judge in Pennsylvania denied a nonprofit religious organization’s motion to intervene as of right. The court also denied permissive intervention finding that the organization’s participation in the suit would cause delay […]

American Benefits Council commends legislation delaying Cadillac Tax

Ways and Means Republican members unveiled H.R. 4616 on December 12, 2017, which provides relief from the Affordable Care Act’s (ACA’s) employer “pay or play” requirement for 2015 through 2018 and delays the 40% excise tax on high-cost employer-sponsored coverage, or “Cadillac Tax,” for one additional year. The bill was introduced by Representatives Mike Kelly […]

IRS issues guidance on 2018 withholding

The IRS has issued the following statement: “Partners, the IRS is working to develop withholding guidance to implement the tax reform bill signed into law on December 22. We anticipate issuing the initial withholding guidance in January, and employers and payroll service providers will be encouraged to implement the changes in February. The IRS emphasizes […]