In IR-2011-103, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the limits on SIMPLE plan contributions for 2012. The limitation for SIMPLE plans is codified in §408(p)(2)(E) of the Internal Revenue Code of 1986 (IRC). This section also...
In IR-2011-103, the Internal Revenue Service (IRS) announced that for 2012 the compensation limitation will increase from $245,000 to $250,000 under §401(a)(17), §404(l), §408(k)(3)(C), and §408(k)(6)(D)(ii) of the Internal Revenue Code of 1986 (IRC). 2012...
This week’s question comes from Carla, a company president. Carla asks: We’re doing some compensation planning for next year. What are the 2012 Highly Compensated Employee Limits? Answer: The IRS has just released updated information for 2012. IRS Releases 2012 Highly...
Connect with Vision Payroll
Streamline Your Hiring
Process With
