Student Employment FICA exclusion
New IRS guidance on the FICA Student Employment Exclusion. Revenue Procedure 2005-11.
This revenue procedure sets forth generally applicable standards for determining whether services in the employ of certain
public or private nonprofit schools, colleges, or universities, or affiliated organizations described in § 509(a)(3) of the Internal Revenue
Code (the Code) performed by a student qualify for the exception from Federal Insurance Contributions Act (FICA) tax provided under
§ 3121(b)(10) of the Code (Student FICA exception).
IRS Unveils Redesigned Employment Tax Return
The Internal Revenue Service unveiled the redesign of the employment tax return Form 941, Employer's Quarterly Federal
Tax Return. The simplified form should help businesses, tax practitioners and payroll companies avoid common errors as well as reduce the
burden associated with completing and filing Form 941.
Disability Payments Would Be Excluded From FICA Under Some state laws Proposed rules (REG-160315-03)
The Internal Revenue Service March 10 proposed rules that would exclude sickness or accident disability payments from wages
for employment tax purposes if the payments are made under state temporary disability insurance laws.
Social Security to Begin Using Administrative Wage Garnishment
This spring, Social Security will begin using administrative wage garnishment to collect delinquent debts owed by former
beneficiaries of the Social Security and Supplemental Security Income (SSI) programs. Wage garnishment is a process in which an employer
withholds up to 15 percent from an employee's disposable wages and pays that money to the employee's creditor until the debt is
paid, or otherwise resolved. Administrative wage garnishment is authorized by the Debt Collection Improvement Act of 1996 and does not require a court order.
SLCH Conversion Guide
State and Local Coverage Handbook Conversion Guide
SL 15001.000 contains the PDF file of the entire Conversion
Guide, and, as previously noted, the PDF file is useful for printing a copy of the entire guide, but does not have any hyperlinking capabilities.
SL 15001.050 explains the purpose of the Conversion Guide.
IRS FSLG Priority Guidance Plan 2005-2006
(August 8, 2005)
The Internal Revenue Service and Department of the Treasury released the 2005-2006 Priority Guidance Plan,
listing the tax issues that will be the subject of formal legal guidance during the next year.
IRS Increases Mileage Rate Until Dec. 31, 2005
(Sept 12, 2005)
The Internal Revenue Service and Treasury Department announced today an increase to the optional standard mileage
rates for the final four months of 2005.
The rate will increase to 48.5 cents a mile for all business miles driven between Sept. 1 and Dec. 31, 2005.
This is an increase of 8 cents from the 40.5 cent rate in effect for the first eight months of 2005, as set forth in Rev. Proc. 2004-64.
Social Security Legislation Could be Shelved
(Sept 16, 2005)
By Jonathan Weisman, Washington Post Staff Writer
National Republican Congressional Committee Chairman Thomas
M. Reynolds will recommend to the House Republican leadership that the party drop its effort to restructure Social Security, at least for
this year, House Republican aides confirmed yesterday.
Social Security 2006 Employer Fact Sheet
(October 14, 2005)