Author: Robert Hernandez

Employers who are filing Form 7200, Advance Payment of Employer Credits Due to COVID-19 should read the instructions carefully and take their time when completing this form to avoid mistakes. Using a reputable tax preparer – including certified public accountants, enrolled agents or other knowledgeable tax professionals –...

Can churches classify paid workers as independent contractors to avoid paying FICA or withholding income taxes from them?   No. Churches cannot classify paid workers as independent contractors in an effort to save money. They must follow the law. For a non-clergy employee, the church generally must withhold...

Besides the Fair Labor Standards Act's (FLSA) regular overtime law, there are rules for overtime exemptions, fluctuating workweeks, weighted average and premium pay. Standard Overtime   Nonexempt employees must receive overtime pay — at 1.5 times their regular rate of pay — for  working over 40 hours in...

Have you ever worked in a company that was having a morale-boosting initiative? Remember the tense hush that fell in the conference room when it was announced? The meaning-laden glances the employees shot each other? They were all picturing the same things: Mandatory after-work happy...

This is the second of two tax tips providing an overview of ways the American Rescue Plan may affect some people’s 2021 taxes. Part 1 is available on IRS.gov. Changes expanding EITC for 2021 and beyond   New law changes expand the EITC for 2021 and future years....

Organizations that want to apply for recognition of tax-exempt status under Section 501(c)(3) of the tax code use a Form 1023-series application. Here are some tips to help them understand the process. • The application process on IRS.gov includes a step-by-step guide explaining how to apply...

Below are five types of employee leave that sometimes fly under employers’ radar: 1. Bereavement leave   Bereavement leave lets employees take time off to mourn the loss of a loved one — usually an immediate family member or a close relative. Employees can use the time off...

Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs) are tax-favored health plans that enable people to save money to pay for medically related expenses. Both FSAs and HSAs operate like a personal savings account. However, the money in these accounts can only be used for...