Articles and Tax Tips

Under the Affordable Care Act’s (ACA) employer shared responsibility provisions in 2016 certain large employer's must file Form 1095-C, and Form 1094-C. This week let's look at a key compliance issue already cropping up as you get ready for filing season.

Under the Affordable Care Act’s (ACA) employer shared responsibility provisions, certain large employer's must file Form 1095-C, and Form 1094-C early in 2016.  This week let's look at how to identify your compliance responsibilities under these new filing requirements.

When it comes to payments made to Non-Resident Aliens you must be able to source the income back to the US to have a reportable and withholdable situation. But to do that, you must take another step.

The definition of a U.S. person is simple. U.S. persons include U.S. citizens (for individuals this means they are born in the United States), entities incorporated or registered within the United States, and resident aliens.

 IRS Form 972-CG (also known as “The Proposed Penalty Notice”) is one of the more serious communications you can receive from the IRS. It demands a response. What is more, a response indicating an ignorance of the law can cost you big time. And you need to be ready, next month penalty notice season gets going in full swing.

The tax rules for determining whether a foreign national is a resident alien or a nonresident alien are tied to the foreign national’s U.S. immigration status and U.S. presence. Determining the date such a payee earns and ends resident alien status is far from easy.

FICA tax liability on payments made to foreign students, scholars, teachers, researchers, and trainees may sound like an easy topic, but it actually has several traps that can trip up the unwary higher education AP department. This week let's take a deeper look at this issue.