Vision Payroll

April 5, 2011

West Virginia Mandates Electronic Child Support Payments

West Virginia Governor Earl Ray Tomblin
West Virginia Governor Earl Ray Tomblin
West Virginia Governor Earl Ray Tomblin recently signed HR 3134, which among other things, requires employers with more than fifty employees to submit the support withheld via electronic means in a manner prescribed by the Bureau for Child Support enforcement.

Other Child Support Changes Implemented

In addition to the requirement of electronic payments by certain employers, HR 3134 also made the following changes:

  • Lowered the accrued interest rate;
  • Required employers to provide information as to the issuance of a bonus to the Bureau for Child Support Enforcement;
  • Extended the time parties may agree to for payment of arrearages under a payment plan from twenty-four to sixty months; and
  • Made various technical corrections.

Contact Vision Payroll Today

Contact Vision Payroll if you have any questions on processing payroll in West Virginia.

July 11, 2010

WV Taxpayers Receive Extension of Time to File Returns and Pay Taxes

Filed under: News — Tags: , , — Vision @ 2:45 pm

Due to the severe storms, flooding, mudslides and landslides in West Virginia beginning June 12, 2010, President Barack Obama declared the following counties a federal disaster area: Lewis, Logan, McDowell, Mingo, and Wyoming. Therefore, the Internal Revenue Service (IRS) announced recently that it will waive failure to deposit penalties for employment and excise taxes due after June 11, 2010 and before June 29, 2010 as long as the deposits were made by June 28, 2010. In addition, affected taxpayers will have until August 11, 2010 to file most tax returns. Contact Vision Payroll if you were affected by the severe storms, flooding, mudslides and landslides and need further information on the relief provided by the IRS.

June 27, 2010

IRS Provides Relief to Plan Sponsors in States Impacted by Storms

In Notice 2010-48, the Internal Revenue Service (IRS) provided administrative “relief to sponsors of defined contribution pre-approved plans (i.e., master and prototype (‘M&P’) and volume submitter (‘VS’) plans).” Notice 2010-48 extended the following from April 30, 2010 to July 30, 2010:

  • Deadline for restating affected pre-approved defined contribution plans,
  • Deadline for submitting determination letters to the Service, and
  • The § 401(b) remedial amendment period with respect to these plans.

The notice lists how a plan is considered in an affected area and lists the eight affected areas, all of which received previous relief from the IRS. The areas are the following:

  1. Connecticut
  2. Tennessee
  3. Alabama
  4. Mississippi
  5. New Jersey
  6. Massachusetts
  7. Rhode Island
  8. West Virginia

Contact Vision Payroll for further information on Notice 2010-48.

April 6, 2010

WV Taxpayers Receive Extension of Time to File Returns and Pay Taxes

Filed under: News — Tags: , , — Vision @ 8:52 am

Due to the severe storms, flooding, mudslides and landslides in West Virginia beginning March 12, 2010, President Barack Obama declared the following counties a federal disaster area: Fayette, Greenbrier, Kanawha, Mercer and Raleigh. Therefore, the Internal Revenue Service (IRS) announced recently that it will waive failure to deposit penalties for employment and excise taxes due after March 11, 2010 and before March 30, 2010 as long as the deposits were made by March 29, 2010. In addition, affected taxpayers will have until May 11, 2010 to file most tax returns. Contact Vision Payroll if you were affected by the severe storms, flooding, mudslides and landslides and need further information on the relief provided by the IRS.

May 24, 2009

WV Taxpayers Receive Extension of Time to File Returns and Pay Taxes

Filed under: News — Tags: , , — Vision @ 3:24 pm

Due to severe storms, flooding, mudslides, and landslides in West Virginia on May 3, 2009, President Barack Obama declared the following counties a federal disaster area: McDowell, Mingo, Raleigh and Wyoming. Therefore, the Internal Revenue Service (IRS) announced recently that it will waive failure to deposit penalties for employment and excise taxes due after May 2, 2009 and before May 19, 2009 as long as the deposits were made by May 18, 2009. Also, affected taxpayers will have until July 2, 2009 to file most tax returns. Contact Vision Payroll if you were affected by the storms, flooding, mudlsides, and landslides and need further information on the relief provided by the IRS.

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