IRS Releases Final 2016 ACA Forms and Instructions

On August 1, the Internal Revenue Service released the much-anticipated draft 2016 instructions for Affordable Care Act Forms 1094-C and 1095-C, which are used by Applicable Large Employers (ALEs) to report on employer-provided health insurance offers and coverage. On September 30, 2016, the IRS posted new versions of the instructions and forms. Although the information [Read More…]

SSA Selects Equifax to Strengthen Identity Verification

Equifax recently announced that it has completed integration with the Social Security Administration (SSA) to supply identity proofing and account, address and mobile device ID verification to help mange risk and mitigate fraud for the SSA’s my Social Security system, a personalized portal for customers to access some of SSA’s services such as the online [Read More…]

Cybersecurity National Action Plan

On February 9, 2016, the President implemented the Cybersecurity National Action Plan (CNAP) designed “to enhance cybersecurity awareness and protections, protect privacy, maintain public safety as well as economic and national security, and empower Americans to take better control of their digital security.” Threats against business and the government are continuing with a record number of [Read More…]

How the Government Is Leveraging Data to Verify Identities

Several members of the Identity and Fraud Solutions team recently attended the Global Identity Summit in Tampa. Rich Huffman, vice president of identity and fraud product management, spoke on a panel about how government entities are leveraging data when verifying identities to increase security and decrease fraud. The federal government identifies millions of people every [Read More…]

WOTC Legislation: Call to Action

The legislative authority of the Work Opportunity Tax Credit (WOTC) expired on January 1, 2015.  The program is currently in a hiatus period and requires reauthorization by act of Congress.  The Extender’s Coalition, a bi-partisan legislative advocacy organization, has prepared an electronic letter imploring members of Congress to pass a “tax extender bill” – including a [Read More…]

ETS Tax Intelligence: 2015 FUTA Tax Rate Outlook

Situation The “Great Recession” continues to impact FUTA tax rates in 2015 as evidenced by the five states that continue to borrow from the federal government in the form of “Title XII” loans.  The federal government offers states the ability to borrow when their unemployment trust funds are depleted and they are unable to pay [Read More…]

Identity Discovery: The Global Identity Summit

The key to success in discovery of an identity is understanding how disparate data elements combine to form a conclusive identity. A remote (online or mobile) application for access or services could be from the true person or a stolen or fictitious identity. Good identity verification uses a broad range of data elements to verify the [Read More…]

Michigan Taxable Wage Base Decreases

Beginning with the third quarter of 2015, the annual wage on which an employer must pay unemployment taxes will be lowered from the current rate of $9,500 to $9,000.  The new rate of $9,000 will apply to all employers who pay unemployment taxes and who are not delinquent in the payment of unemployment contributions, penalties, [Read More…]

Senate Finance Committee Passes Tax Extender Package

Beginning on July 21, the Senate Finance committee began their process of a “markup” of a tax extenders bill.  Recall that WOTC – a key element of the tax extenders, has been in hiatus since January 1, 2015.  The text of the markup proposal can be found here.  A markup is an important step in [Read More…]