To avoid tax reporting and withholding penalties as 2015 draws to a close, employers need to properly plan and check their reporting for employees under non-qualified deferred compensation, fringe benefits, health benefits or other remuneration. Year-end planning for employers is important, because employee information reporting, including both Form W-2 and the new Affordable Care Act (ACA) Forms, is now subject to significantly increased penalties.
Employers Need 2015 Year-End Planning to Meet Employee Reporting and Withholding Requirements
By McDermott Will & Emery and Joseph K. Urwitz on December 17, 2015
Posted In Benefit Controversies, Employment, Executive Compensation