Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010 Significant provisions for payroll administration: The employee Social Security tax rate for wages paid in 2011 has been reduced from 6.2% to 4.2%.  The Social Security wage base remains

The Foreign Account Tax Compliance Act (FATCA) is part of the Hiring Incentives to Restore Employment (HIRE) Act and is effective for tax years beginning after March 18, 2010. It affects U.S. taxpayers with foreign accounts and assets. This act

In March, 2010 the Hiring Incentives program to Restore Employment Act (H.I.R.E.) was signed.  The purpose of the Act is to provide companies with a temporary tax break to help stimulate the recovering economy.  This act has two key provisions:

As you probably heard in the news, the Congress has passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, and the President signed it into law on 12/17/2010. This new law has significant estate tax implications,

In February, 2009 the IRS issued updated withholding tax tables. These new tables incorporated the new “Making Work Pay” Tax Credit, which is effective for 2009 and 2010. The new withholding tables reduced the amount of income tax withholding from