The IRS issued Rev. Rul. 2025-4 on January 15, 2025, regarding the federal income and employment tax treatment and related reporting requirements of contributions to, and benefits paid under, a mandatory state paid family and medical leave (PFML) program. The ruling includes various tax treatment scenarios containing the IRS’ guidance with
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House-Passed Coronavirus Relief Bill Leaves Many with More Questions than Answers
By S. Michael Chittenden on
Posted in Employment Taxes, IRS
This weekend, the House of Representatives passed the Families First Coronavirus Response Act, a relief bill negotiated with the agencies and supported by the President. On Monday night, the House of Representatives substantively modified that bill in a follow-on resolution, H. Res. 904, referred to as technical corrections. Despite the changes, concerns have been expressed about potential gaps in the proposed legislation. Nonetheless, it is probable that legislation providing relief to at least some affected employees and employers will pass at some point in the not too distant future.
Continue Reading House-Passed Coronavirus Relief Bill Leaves Many with More Questions than Answers