Showing posts with label wage. Show all posts
Showing posts with label wage. Show all posts
Tuesday, October 31, 2023

A Short Story About Connecticut Unemployment Reporting

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I read that the Governor of Connecticut has signed a bill repealing certain additional payroll reporting requirements otherwise slated to st...
Sunday, May 30, 2021

Talking Tax Levies

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I don’t see it very often. I am referring to an IRS bank levy. However, when it happens it can be disrupting. Let’s distinguish betwee...
Sunday, November 1, 2020

FICA Tax On Nonqualified Deferred Compensation

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  One of the accountants brought me what she considered an unusual W-2. Using accounting slang, Form W-2 box 1 income is the number you in...
Sunday, September 23, 2018

You Receive A Wage Garnishment

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I was minding my own business. My partner sweeps into my office and says we have to take care of something right away – hopefully that ver...
Friday, November 24, 2017

When The IRS Says Loan Repayments Are Taxable Wages

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Here is a common-enough fact pattern: (1) You have a company. (2) You loan the company money. (3) The company has an unprofita...
Monday, March 17, 2014

What Can The IRS Do To You For Ignoring That Wage Or Levy Request?

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What happens if the IRS sends you a levy (say on an employee, but it could also be your account payable to a vendor) and you ignore it?...
Wednesday, October 2, 2013

Why Is The IRS Looking At Restaurant Tips (Again)?

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I recently visited one of our clients. He owns a restaurant/bar. That is a tough business under the best of circumstances.   It is a bu...