Written data security plan for tax preparers - TMI Message Board
2019年7月17日 · In response to the above reply post’s questions in the last paragraph, it should be noted why a written plan is not only necessary but is the law: IR-2018-175, Aug. 28, 2018: According to the FTC Safeguards Rule, tax return preparers must create and enact security plans to protect client data. Failure to do so may result in an FTC investigation.
SImple IRA for 2% shareholder - TMI Message Board
2013年2月4日 · [36] A. C-4: For purposes of the SIMPLE IRA Plan rules, in the case of an individual who is not a self-employed individual, compensation means the amount described in section 6051(a)(3) (wages, tips, and other compensation from the employer subject to income tax withholding under section 3401(a)), and amounts described in section 6051(a)(8 ...
Form 941 & Simple IRA - TMI Message Board
2006年10月4日 · However, the employee’s elective deferrals (not the employer’s match) are subject to FICA and should be included in Social Security and Medicare wages on the W-2 (also subject to FUTA).” The reference to "not the employer's match" is referring to the employer's 2% or 3% matching contribution to the SIMPLE IRA, as it is used in that ...
Per Diem for Transportation Employees receiving a W-2
2018年12月28日 · 2018 (no Accountable Plan), he would have received total of $50,000 and paid tax on $50,000. In 2019 (with an Accountable Plan), he would receive a total of $50,000 and pay tax on $40,000. It seems like a win to me. EDIT: Plus, the Accountable Plan in 2019 would also save Social Security and Medicare taxes on that $10,000
South Carolina I-335 - TMI Message Board
2011年2月14日 · Primary Forum for posting questions regarding tax issues. Message Board participants can then respond to your questions. You can also respond to questions posted by others. Please use the Contact Us link above for customer support questions.
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Form 433F Collection Information Statement and Hardship
2014年2月7日 · Granted these clients had very little income (Social Security) but it sounds like your client may fit the bill. If the IRS agrees to place her in CNC, they will cease collection activity but occasionally check in on her to determine if her …
SEHI and PTC - TMI Message Board
2015年3月1日 · Is the 13,918 possibly the cost of SLCSP rather than the plan chosen? The $13,918 is the cost of the plan, the SLCSP was $10,331. Taxpayer's net profit was over $51,000 so deduction is not limited at all by net profit.
Reversion of Qualified Plan Assets to Employer
2007年12月20日 · The employer is subject to tax under Section 4980 when pension plan assets revert back to the employer upon termination of a pension plan. For example, say you have a defined contribution plan that is made up of both employee and employer contributions. The employee is not vested in any employer contributions until after three years.
529 to ROTH rollover - TMI Message Board
2024年6月22日 · Grandparent / owner started 529 for grandchild more than 15 years ago. Grandchild has completed post-secondary ed. and is now working full-time. $9,145 (cost 5,328) remains in the account. As I understand this, the grandparent / owner can : 1. continue to hold the account. 2. cash it in and pay the tax and 10% penalty on gain.