 November | VOLUME #111
 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.
 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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 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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 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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 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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 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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 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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