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HR News, Human Resources, Payroll

Breaking News: IRS Employee Transit Benefit Rule

Just when you thought it was safe to send your W-2s:  The IRS employee transit benefit rule has arrived!
On December 18, 2015, Public Law No. 114-113 was born.This new law amended the Internal Revenue Code to retroactively (and permanently) adjust the limits on qualified transportation fringe . On January 11, 2016, the Internal Revenue Service issued Notice 2016-6 to address employers’ questions regarding the implications of this law and the correction of employment withheld in 2015 on money which is now free.


Until Next Time, Be Audit-Secure!

Lisa Smith

About LISA SMITH

Lisa Smith is CEO of Andere Seminars, LLC and Chief Content Developer at BeAuditSecure.com. Follow her on Twitter, connect with her on LinkedIn, listen to her Small Business Spoonfuls Podcast, and find more from her in Audit-Secure Authority at BeAuditSecure.com.

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