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Showing content with the highest reputation on 07/13/2016 in Posts
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So all the books would be considered an Andy WarHaul?2 points
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Effect of amending definition of 415 compensation
RatherBeGolfing reacted to Tom Poje for a topic
without trying to research, does the change even make a difference? according to the ERISA Outline book about the only differences between 3401(a) and W-2 are 1. odd items like non-cash comp for ag labor is excluded from 3401(a) but included in w-2 and 2. excess group term life insurance is included in W-2 but not in 3401(a)1 point -
Does a Form 5300 review ever ask about operational compliance?
My 2 cents reacted to jpod for a topic
Ok, in place of "I don't know," how about "I didn't anticipate this question(these questions) and what's the relevance anyway?"1 point -
There are fines and penalties for hiring or continuing to employ persons who are not authorized to work in the USA, for failing to comply with I-9 regulations, etc. Similarly, there are fines and penalties for discriminating against someone who is authorized in the USA. https://www.uscis.gov/i-9-central/penalties So, usually the best option for the employer is not to dilly dally in resolving the status of the employees who have an SSN mismatch.1 point
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5500 Proposed Revisions
MoJo reacted to Bill Presson for a topic
Could one of y'all read this out loud and create a book on CD so I could listen in the car?1 point -
Should I take a loan from my roth 401K plan and invest it?
Calavera reacted to david rigby for a topic
By all means, if you can borrow at 5.5% and get a guaranteed return of 10%, do it. There are no risks: - lose your job? No risk there. - default of your family member's business? No risk there. - mis-estimate of your 10% return assumption? No risk there. - loss of diversification in your investments? No risk there. - risk of family alienation? No risk there.1 point -
Agreed. If you have the wrong SSN on file, then now would be a better time than later to correct the FICA and income tax withholding payments that have gone to the wrong SSN. If the SSN is not the employee's, then other steps may be in order, perhaps through e-verify. In any case, I wouldn't sit around waiting for additional IRS notices.1 point
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Incorrect SSN/TIN on Form 1095-C
hr for me reacted to Flyboyjohn for a topic
If you're just looking for opinions mine would be to contact the employee and try to correct the problem before receiving an IRS penalty notice.1 point