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Nexus is a business term meaning the closest level of connection between a business and state. A nexus is a form of perpetual residency that can be used for tax
U.S. employers must begin withholding income tax from employees’ paychecks in accordance with the new federal tax law that was signed into effect this past December. Whether you are a
The IRS has released a draft version of Form W-4P, Withholding Certificate for Pension or Annuity Payments. This new form is being put into place to ensure that taxpayers are
Fringe benefits are supplements on an employee’s normal salary. They are the unspoken perks that can make a big difference to your standard of living. While employers and employees alike
Fringe benefits are employee benefits that are not part of the regular pay, so they are not included in the traditional payroll figures. These are the perks that employees receive
Tax jargon does not come naturally to individuals who do not work for the IRS. That is one of the causes why there is so much confusion regarding the difference
The tax levy is a legal process that the IRS can use to collect an outstanding debt. A taxpayer is required to start this process while the debt remains unpaid.
A tax levy is an administrative action the IRS takes to seize property in order to satisfy a tax liability. The levy “includes the power of distraint and seizure by
The IRS has always required employers to report annual benefits paid to employees in the form of employer-sponsored health insurance, employer-sponsored medical and dental insurance, employer-sponsored life insurance, and employer-sponsored
If you are like most salaried employees, you may be eligible for some type of deferred compensation benefit. This includes employer matches on 401(k) contributions, non-taxable contributions to an IRA,
