ARTICLES

New Overtime Rules for “White Collar” Employees

November 18, 2016

Attorney Larry Grudzien conducted a webinar focused on reviewing the new overtime rules for “White Collar” employees on November 17, 2016 at 1:00 PM CST.

The Webinar is 60 minutes in length.

These rules affect both public and private employers and has far-reaching applications in nearly every industry across the country.

Employers must prepare to address any potential employee misclassification before the rule becomes effective on December 1, 2016.

  • The webinar will discuss:
  • The background leading up to the new rules
  • What is covered by the new rules
  • How to prepare for implementation
  • How the new rules will affect benefits.

This Webinar has a substantial question and answer period.
This webinar is important for any employer or adviser who wants to be prepared for these requirements.

Download the slides to this webinar CLICK HERE

REVIEWING THE INSTRUCTIONS FOR FORMS 1094-C AND 1095-C FOR 2016

October 7, 2016

A few days ago, the IRS released the final instructions for Forms 1094-C and 1095-C for 2016. The following is a review of those instructions along my comments and observations.

Click here for full PDF

Free Webinar Focused on Reviewing Form 1094-C for 2015

May 25, 2016

I  conducted a free webinar focused on reviewing Form 1094-C for 2015 before it has to be filed with the IRS on May 25, 2016.

  • The Webinar is 60 minutes in length.
  • Form 1094-C has to be filed with the IRS by May 31, 2016 for paper filings and June 30, 2016 for electronic filings.
  • This webinar reviewed every aspect of Form 1094-C. It also explained what sections have to be completed and ways to avoid common filing errors.
  • This Webinar included a substantial question and answer period.
  • This webinar is important for any employer or adviser who wants to be prepared for these requirements.

The webinar is presented by Larry Grudzien, Attorney at Law.

AN EMPLOYER’S GUIDE TO HEALTH SAVINGS ACCOUNTS (HSAs)

May 7, 2015

Introduction to the Guide
The following provides you, as an employer, with information about Health Savings Accounts (“HSAs”) under Internal Revenue Code (“Code”) Section 223. You should read this explanation to evaluate whether HSAs may be used either as an alternative to, or in addition to, health flexible spending accounts (“Health FSAs”) under Code Section 125 or Health Reimbursement Arrangements (“HRAs”) under Code Section 105(h).

To fully understand the requirements of these accounts, the following discusses their terms and compares their advantages and disadvantages over Health FSAs and HRAs in a question and answer format. In addition, a chart comparing both Health FSAs and HRAs with HSAs is included at the end of this explanation.

It is important to remember that this explanation is not intended to serve as a substitute for the advice of your lawyer, accountant, or other personal tax or financial advisor.

Get the guide by clicking here…

EXPLANATION OF HOW TO COMPLETE PART I OF FORM 8889 FOR 2014

November 29, 2014

Introduction
Every year, I receive a number of questions regarding how to complete Part I of Form 8889. The reason for this is that the instructions provided by the Internal Revenue Service for completing Form 8889 are very complex and unclear. To assist, the following explanation shows how to complete Form 8889 in 25 different situations for 2014.
This explanation is for example purposes only. Individuals should be advised to seek professional tax assistance in the completion of Form 8889 or any other tax return.

DOWNLOAD THE DOCUMENT BY CLICKING HERE.

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