September 1, 2014

2012 tax rates to remain the same

Local treasurers should note that employees will continue to receive the benefit of reduced payroll taxes and access to extended unemployment benefits under legislation signed by President Barack Obama on Feb. 22. That law, the Middle Class Tax Relief and Job Creation Act of 2012, maintains a reduction in the social security payroll tax on [...]

Treasurers: Form 990-N may be filed after May 15

UTU local treasurers are not required to file Internal Revenue Service Form 990-N by May 15. However, said UTU International Auditor Steve Noyes, locals that are required to file IRS Forms 990 and 990-EZ must still file those forms by the May 15 deadline. Noyes said he was told by IRS representatives that their Web site has [...]