Employer News | November 2014

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November | VOLUME #111

Webinar: Determining a Worker's Classification

IRS Webinar

The IRS presents: Employee v Independent Contractor, Determining a Worker’s Classification.

Wednesday, November 19, at 11 a.m., Alaska Time

Learn about:   

  • Types of Employees
  • Independent Contractors
  • Determination Factors
  • Worker Misclassification
  • How to Correct

Join the Forum on Wednesday, November 19, by entering the code 22656174.

2015 Pension Plan Limitations


The Internal Revenue Service recently announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Many of the pension plan limitations will change for 2015 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. View highlights...

Source: IRS

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IRS Announces Tax Guidance Related to Ebola Outbreak in Guinea, Liberia, and Sierra Leone

Ebola map

Notice 2014-68 provides guidance on the treatment of leave-based donation programs to aid victims of the Ebola virus outbreak occurring in the West African countries of Guinea, Liberia, and Sierra Leone for income and employment tax purposes.

View the notice [PDF]...

Source: IRS

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In 2015, Various Tax Benefits Increase Due to Inflation Adjustments

Penalty Relief Pilot Program

For tax year 2015, the Internal Revenue Service recently announced annual inflation adjustments for more than 40 tax provisions, including the tax rate schedules, and other tax changes. Revenue Procedure 2014-61 [PDF] provides details about these annual adjustments. View highlights...

Source: IRS

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Election Workers: Reporting and Withholding

Ballot Box

Each election year, thousands of state and local government entities hire workers on a temporary basis to conduct primary and general elections. To understand the correct tax treatment of these workers, you need to be aware of specific statutes that apply to these workers, as well as whether the workers are covered by a Section 218 Agreement. Learn when you must withhold taxes from compensation paid to election workers and how it is reported.

Source: IRS

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Private Business Use of Tax-exempt Bond Financed Facilities

Health Savings Account

Notice 2014-67 [PDF] provides guidance for determining whether a State or local government entity or a 501(c)(3) organization will be considered to have private business use of its tax-exempt bond-financed facilities due to its participation in an "accountable care organization" and guidance regarding certain management contracts that do not result in private business use.

Source: IRS

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IRS Impersonation Scam – the Latest Twist


The calls can seem scary and legitimate at the beginning. They know your name, they know the last 4 digits of your SSN, and they reference a specific amount of money that you owe. They insist on immediate payment, even threatening arrest if you hang up! They sometimes keep victims on their cell phone the whole time they are going to the store and buying the pre-paid card!

The latest twist is that they tell victims to show up with payment at a specific IRS office. It is not the one closest to the victim’s home. It is often an inconvenient 50 miles away. (Using the IRS office makes this seem more legitimate.)  After the victim acquires the pre-paid card, the scammer  “generously” offers to let them off the hook for the lengthy drive. They “permit” the victim to settle the debt by giving the scammer the numbers off the back of the card, without having to make the trip to the IRS office.

The Treasury Inspector General for Tax Administration (TIGTA) is actively following leads and making arrests. Victims are asked to report the information online at: http://www.treasury.gov/tigta/contact_report_scam.shtml.

To help the victim insure that they are really talking to TIGTA on follow up calls, taxpayers are asked to choose and memorize their own 5 digit PIN, which they will include when they make their report. In the event a TIGTA Special Agent contacts them about their complaint, the agent will know the personalized PIN.

Source: IRS

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