This week’s question comes from Allan, a small-business owner. Allan asks… I read about the Voluntary Classification Settlement Program (VCSP). I have some workers who might need to be classified as employees. How do I apply for the VCSP? Answer: Employers may use...
The Internal Revenue Service (IRS) today launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their workers. Minimal Payment Will Clear Up...
This week’s question comes from Lindsay, an office manager. I read before that businesses were going to have expanded Form 1099-MISC reporting requirements starting in 2012. Now I’ve heard that these requirements may have been repealed. Have the expanded Form 1099...
The Vermont Commissioner of Taxes has mandated the electronic filing of Forms W-2 and 1099 and the accompanying Employers Annual Withholding Reconciliation (Form WH 434) beginning with the calendar year 2010 submissions. This mandate is effective for: Employers who...
The recently enacted Patient Protection and Affordable Care Act (the Act) will expand information reporting requirements starting in 2012. §9005 of the Act amends §6041 of the Internal Revenue Code of 1986 (IRC) so that payments to corporations that were previously...
The filing deadline for 2009 Form 1096 is March 1, 2010 for most returns. The returns due on that day include Forms 1099, Form 1098, Form 3921, Form 3922, and Form W-2G. The deadline for filing Form 5498, Form 5498-ESA, and Form 5498-SA is June 1, 2010. Filers...
In Notice 2009-93, the Internal Revenue Service (IRS) has announced the creation of a pilot program to allow certain filers of Form 1098, Forms 1099, and Form 5498 to truncate an individual’s nine-digit identifying number on paper copies of the payee statements. The...
Connect with Vision Payroll
Streamline Your Hiring
Process With
