Author Archives: daniel

2021년 주요 세법변동 사항

2021 tax code change: summary from ARP (American Rescue Plan Act) and BIJA (Bipartisan Infrastructure and Jobs Act)

  1. Child tax credit

. $3,000 for under age 17 and $3,600 for under age 6

. 50% of child tax credit for 2021 was paid from July 2021 in advance by monthly basis.

. Check the received the credit before e filing.

  1. EIC: increased a lot
  2. $10,200 of Unemployment Benefit: not applied for 2021 ?
  3. Obamacare: subsidies for more than 4 times federal poverty level (FPL)
  4. ERC (Employer Retention Credit): terminated as of 12/31/2021
  5. IRS Enforcement

. IRS has decided to increase the reporting responsibilities of taxpayers in recent years. This includes partnerships providing capital account information to the IRS and partners on a tax basis for 2020 and later years. This requirement was unilaterally imposed by the Service through a change in its instruction. It has also created draft versions of new Form 1065 Schedules K-2 and K-3 to provided additional information, particularly with respect to foreign transactions. The Service sees partnerships as entities through which high earners can hide income.

 

. The Service is also requiring additional reporting for 2021 for S Corp through a proposed Form 7203 which would provide information on the tax basis of stock and debt held by shareholders.

  1. $300 (joint: $600) of charity contribution: the same as 2020

Itemized: 100% of AGI

C Corp: up to 25% of taxable income

 

 

Copyright © 2018 by Daniel Choi CPA, Inc, All right reserved

노동/임금법 관련 Tips for Employer

 

최근 미노동청으로 감사를 받은 업체가 상당히 많이 지고 있는 시점에 이에 대처하는 요령을 간략하게 소개하고자 한다.

미국에서 종업원을 고용하여 비지니스를 운영한다는 것은 연방노동청과 주정부 그리고 종업원으로부터 감사나 소송의 대상이 되므로 많은 리스크를 수반하는 일이다.

비즈니스 운영 시 고용주가 반드시 알아야 하는 종업원의 고용과 임금에 관련된 핵심적인 몇가지 사항들을 이 칼럼에서 언급하고자 한

 

  1. 고용 시 구비하여야 하는 서류 : 아래의 2가지 서류를 구비하여야 함

1) Form I-9 (Employment Eligibility Verification) : 새로 채용되는 직원이 합법적으로 일을 할 수 있는 신분인지를 확인하는 서류이다. 채용 시에 반드시 1부를 작성하여 사본을 보관하는 것이 좋다.

2) Form W-4 (Employee’s Withholding Allowance Certificate) : 고용주가 정확한 세금을 원천징수(withhold) 할 수 있도록, 종업원 신규 채용의 경우나 기존 종업원의 세금과 관련된 신분 (결혼, 출산 등)의 변화가 있을 때 종업원이 작성하여 고용주에게 제출하는 서류이다.

 

  1. OVERTIME과 MINIMUM WAGE지급

1) 정규임금의5배 지급 : 하루 8시간 이상 또는 1주 40시간 이상 근무 할 경우 그 초과 시간

2) 정규임금의 2배 지급 : 하루에 12시간 이상 또는 1주일에 7일 째 일하고 그 날 8시간 이상 (8시간 까지는5배 지급) 일할 경우 그 초과시간

3) 오버 타임이 적용되지 않는 종업원 : 관리직(매니저), 행정직, 전문직 등
기본적으로 일하는 시간의 50% 이상을 관리/행정 업무를 하여야 하며, 오버타임이 면제되는 직원이 아니면 아무리 연봉 형태의 정액으로 급여를 지급해도 오버타임은 별도로 지급하여야 한다.

4) 오버타임 규정은 종업원과 고용주 사이의 합의로 인해 삭제될 수 있는 규정이 아니다. 오버타임이 지급되지 않을 것이라든지, 미리 허가되지 않은 오버타임은 지급되지 않는다는 공지사항 역시 법을 어기는 것이다.

5) MICHIGAN MINIMUM WAGE – 12월18일현재- $8.15 (2016년 1월1일부터 -$8.50)

 

  1. 식사 시간 :
    • 종업원이 5시간 이상 근무할 때는 적어도 30분의 식사 시간을 허용해야 한다.
    • 10시간 이상 근무 할 때는 2번 이상의 식사 시간을 허용해야 한다.
    • 식사시간은 무급으로 임금을 지급하지 않는다.
    • 위반 시 벌금으로 종업원에게 제공하지 않은 식사시간 한 번에 한 시간 임금을 지불해야 한다.

 

  1. 휴식 시간:
  • 매 4시간에 10분씩 휴식 시간을 제공해야 한다. (화장실 가는 시간은 휴식시간과 별개임)
  • 휴식 시간은 근무 시간에 포함되며 임금에서 공제 되지 않는다.
  • 타임카드에 이 휴식시간 기록도 남겨두어야 나중에 종업원으로부터 클레임을 피할 수 있다.

 

  1. 공휴일, 휴가와 병가 :
  • 공휴일에 일한다고 급여를 추가 지급하여야 하는 것은 아니다.
  • 공휴일 휴무나 휴가 제공에 대해 법으로 정해진 의무는 없다. 그러나 회사의 방침으로 정해져 있을 경우, 모든 고용인에게 공평하게 적용되어야 한다.

 

  1. 종업원 상해 보험 ( Workers’ Compensation) : 1인 이상의 종업원이 있으면 법에 의해 반드시 가입하여야 한다.

 

  1. 실업급여와 장애보험 :
    • 평소에 종업원이 급여에서 납부하거나 고용주가 페이롤 텍스 형태로 납부하므로 발생시 고용주가 별도로 지급하는 것은 없다. 단 실업보험 청구에 따라 실업보험이 높아진다.
    • 자발적으로 그만둔 종업원은 실업급여를 청구하지 못하나, Lay off 되었거나 해고된 종업원은 실업보험을 청구할 수 있다. 그러나 회사가 해고 사유가 종업원에게 있다는 것을 명백히 입증할 수 있는 경우는 실업수당 지급을 거부할 수 있다.

 

이상이 고용주로서 최소한 알아야 할 노동 및 임금 관련 법규이며, 관리가 번거럽다거나 또는 약간의 이득을 위하여 이를 위반할 경우, 노동청감사나 종업원의 클레임 한 번으로도 훨씬 큰 대가를 치를 수 있음을 명심하여야 할 것이다.

 

Sales, Use, and Withholding Taxes 2022: Summary of Changes

In January 2022, the Michigan Department of Treasury will begin to process current-year Sales, Use, and Withholding (SUW) tax returns with a new online system. As a result of this new processing system, there will be changes to the SUW forms and to the way taxpayers can file and make payments for tax year 2022 returns.

New e-Services
The new bundle of e-services is called Michigan Treasury Online (MTO). SUW taxpayers will have 24/7 access to their accounts, and will be able to file returns and make payments electronically in one convenient transaction.

Highlights of New Online Features
 Free service, no cost 24/7 access to use online services
 Review and make changes to the account
 Electronically file (e-file) and electronically pay (e-pay) in one transaction
 Update, add, or delete tax types
 Delegate authority (including Payroll Service Providers (PSPs) and Third-Party Administrators (TPAs))

All Taxpayers Must File a Return
Beginning January 2022, all taxpayers are required to file an actual return regardless of how they pay their SUW taxes and regardless of whether tax is due.

The Department of Treasury will no longer Mail Out SUW Returns and Licenses
Due to the availability of e-file options, beginning with tax year 2022, SUW forms and instructions will no longer be mailed. Current sales tax licenses are valid until September 30, 2022. ONCE EXPIRED, COPIES OF LICENSE RENEWALS MAY BE VIEWED AND PRINTED FROM TAXPAYER MTO ACCOUNTS. Copies of sales tax licenses may ALSO be requested through business self-service or the automated phone system by calling +1 517 636 6925.

Michigan-Established (ME) account numbers to be discontinued for SUW taxpayers
The Department of Treasury will not issue separate ME account numbers to SUW taxpayers that file from multiple locations. Beginning with the January 2022 return, each location should file using only the Federal Employer Identification Number (FEIN) or Treasury (TR) number. Multiple return filings for a single FEIN or TR number will be accepted. Current sales tax licenses issued under an ME number remain valid through September 30, 2022. New licenses will be issued to the existing FEIN or TR number when the current license expires.

Filing Options
Most taxpayers will have three filing options:
1. Free E-file: Using the state’s website, MTO, beginning January 15, 2022
2. E-file: Using Treasury-approved commercial or proprietary software
3. Paper file (for eligible forms only): Downloading forms from Treasury’s website and mailing a completed copy

Required E-file Forms
Using MTO, Approved Commercial, or Proprietary Software:
 Form 5083, Fuel Supplier and Wholesaler Prepaid Sales Tax Schedule
 Form 5085, Fuel Retailer Supplemental Schedule
 Form 5086, Vehicle Dealer Supplemental Schedule
Using MTO Filing Only:
 Form 5091, SUW Taxes 4% and 6% Annual Return
 Form 5093, SUW Taxes 4% and 6% Amended Annual Return

Forms
Forms have been revised based on new requirements and have new form numbers. Refer to the table for additional details.

Sales. Use, and Withholding Guide

IRS 사칭 Phishing 사기 주의

 

존경하는 고객 여러분,

최근 IRS 사칭하는 Phishing 전화가 기승을 부리고 있어서 고객님들의 각별한 주의가 요망되고 있습니다. 기본적으로 IRS는 Tax issue에 대해서 전화로 먼저 연락하는 경우는 없습니다. 모든 경우 Letter를 우편으로 보내오면서 문제가 된 사안과 그에 대한 Appeal 절차 등을 상세히 설명하도록 규정되어 있습니다. 아무런 Letter를 받은 적이 없는데도 불구하고 불식간에 전화를 통해 문제를 통보하고 며칠이내로 자신들의 지시대로 하지 않으면 법적으로 큰 문제가 생길 거라는 식으로 하는 경우는 없습니다. 이점에 주의하시기 바랍니다.

특히, 최근에는 한 명의 Scammer가 IRS를 사칭한 뒤에 다양한 사유로 Jail time, driver’s license revocation, criminal case 등으로 위협적인 자세를 취해서 고객님들의 판단을 흐리게 하는 동시에 또 다른 Scammer가 Local Police or DMV를 가장해 앞에 전화한 Scammer가 한 이야기와 비슷한 이야기를 하는 경우마저 있다고 합니다. 이런 경우에 놀라지 마시고 800-829-1040으로 IRS에 전화를 해서 확인을 하시거나, 248-946-4042저희 사무실로 전화 주시기 바랍니다.

아래는 IRS에서 제공하는 Phishing 대응 방법입니다. 천천히 읽고 기본적인 사항을 반드시 숙지하시기 바랍니다.

If Then
You receive an email claiming to be from the IRS that contains a request for personal information …
  1. Do not reply.
  2. Do not open any attachments. Attachments may contain malicious code that will infect your computer.
  3. Do not click on any links.
    If you clicked on links in a suspicious email or phishing website and entered confidential information, visit our identity protection page.
  4. Forward the email as-is, to us at phishing@irs.gov.
  5. After you forward the email and/or header information to us, delete the original email message you received.

Note:
Please forward the full original email to us atphishing@irs.gov. Do not forward scanned images of printed emails as that strips the email of valuable information only available in the electronic copy.

You discover a website on the Internet that claims to be the IRS but you suspect it is bogus …  send the URL of the suspicious site tophishing@irs.gov. Please add in the subject line of the email, ‘Suspicious website’.
You receive a phone call or paper letter via mail from an individual claiming to be the IRS but you suspect they are not an IRS employee … Phone call:

  1. Ask for a call back number and employee badge number.
  2. Contact the IRS to determine if the caller is an IRS employee with a legitimate need to contact you.
  3. If you determine the person calling you is an IRS employee with a legitimate need to contact you, call them back.

Letter or notice via paper mail:

  1. Contact the IRS to determine if the mail is a legitimate IRS letter.
  2. If it is a legitimate IRS letter, reply if needed.

Report the incident to the Treasury Inspector General for Tax Administration if the caller or party that sent the paper letter is not legitimate.

You receive an unsolicited e-mail or fax, involving a stock or share purchase   … and you are a U.S. citizen located in the United States or its territories or a U.S. citizen living abroad.

  1. Complete the appropriate complaint form with the U.S. Securities and Exchange Commission.
  2. Forward email to phishing@irs.gov.
    Please add in the subject line of the email, ‘Stock’.
  3. If you are a victim of monetary or identity theft, you may submit a complaint through the FTC Complaint Assistant.

… and you are not a U.S. citizen and reside outside the United States.

  1. Complete the appropriate complaint form with the U.S. Securities and Exchange Commission.
  2. Contact your securities regulator and file a complaint.
  3. Forward email to phishing@irs.gov.
    Please add in the subject line of the e-mail, ‘Stock’.
  4. If you are a victim of monetary or identity theft, you may report your complaint to econsumer.gov.
You receive an unsolicited fax (such as Form W8-BEN) claiming to be from the IRS, requesting personal information … Contact the IRS to determine if the fax is from the IRS.

  • If you learn the fax is not from the IRS, please send us the information via email at phishing@irs.gov. In the subject line of the email, please type the word ‘FAX’.
You receive a text message or Short Message Service (SMS) message claiming to be from the IRS …
  1. Do not reply.
  2. Do not open any attachments. Attachments may contain malicious code that will infect your computer or mobile phone.
  3. Do not click on any links. If you clicked on links in a suspicious SMS and entered confidential information, visit our identity protection page.
  4. Forward the text as-is, to us at 202-552-1226.

Note: Standard text messaging rates apply.

  1. If possible, in a separate text, forward the originating number to us at 202-552-1226
  2. After you forward the text, please delete the original text.

 

고객님들의 소중한 시간과 재산 상의 피해를 방지하기 위해서 앞으로도 최선의 노력을 다하겠습니다.

감사합니다.

 

최두영 공인회계사

 

Unemployment Insurance Glossary

Alternate Base Period

The last 4 completed calendar quarters before the first day of an individual’s benefit year. It is used only if an individual has insufficient wages to establish a benefit year using the standard base period.

Base Period (BP)

A period of 4 consecutive completed calendar quarters where wages earned are considered to determine if an individual has sufficient wages to establish a claim for unemployment benefits.(See Standard Base Period and Alternate Base Period)

Base Period Employer

An employer that paid wages to the claimant during the 4 consecutive calendar quarters of the base period.

Benefit Year

A period of 52 consecutive calendar weeks beginning with the first day of the week in which an individual files an application for benefits. The claimant must have sufficient wages in theStandard Base Period or the Alternate Base Period and must not have a current benefit year in effect to establish a benefit year. A benefit year cannot be established if a previous benefit year has not yet expired.

Benefit Year Beginning (BYB) Quarter

The quarter in which the benefit year is established after an application for benefits has been filed. A claim may be filed in the previous quarter, since the BYB date is the Sunday of the week in which the claim is filed. The quarter in which the BYB date falls is the BYB quarter.

Calendar Quarter

A period of 3 consecutive calendar months ending with the last day of March, June, September and December.

Earnings Eligibility Requirement

To establish a benefit year, an individual must have worked and received wages since the beginning of the last claim of at least 5 times the weekly benefit amount of the individual’s last claim.

Family Employment

An individual who was paid wages in family employment is entitled to a maximum of 7 weeks of benefits with the family employer. A “Family employer” is one with more than 50% ownership by one of the following:

  • claimant, or
  • claimant’s child or spouse, or
  • a combination of these, or
  • claimant’s parents if the claimant is under 18

However, no benefits are payable:

  • if the claimant is a sole proprietor, or a partner in a business, or
  • if the claimant’s child or spouse are partners in the business, or
  • if the claimant’s parents are partners and the claimant is under 18

High Quarter

The quarter within the base period used to establish a benefit year in which the claimant was paid the most money from all employers combined.

Lag Quarter

The quarter is the last completed calendar quarter prior to the first day of the benefit year. Wage information may not be available for use by the UIA during this quarter. The agency will use the claimant’s statement of wages paid during this quarter, to establish a benefit year. The employer must protest these wages within 10 days from when the monetary determination is mailed if wages are incorrect.

Maximum Charge

The maximum amount an employer may be charged for benefits paid to a former employee.

Last Employer. If the employer is the last employer and not a base period employer, the maximum charge will be the claimant’s weekly benefit amount, times 2.

Base Period Employer. The maximum charge for each base period employer is determined by the ratio of total wages paid by the employer as compared to the total wages of all base period employers, multiplied by the number of weeks chargeable.

Last and Base Period Employer. If the employer is the last employer and also a base period employer, the maximum charge will be the claimant’s weekly benefit amount times 2, plus the ratio of total wages paid by the employer to the total wages of all employers in the base period multiplied by the number of weeks chargeable.

Monetary Determination

A written statement showing whether the claimant has met the wage requirements in covered employment in the base period to establish a claim. The monetary determination also shows the weekly benefit amount, the number of weeks payable, the separation reasons for all employers and the maximum amount chargeable to the separating employer and all base period employer(s). It also shows the dates of the benefit year. A monetary determination is issued to all interested parties.

Monetary Eligibility

For benefit years beginning on or after 10/01/00, the claimant must have worked and been paid wages in covered employment for a liable employer. Each of the following requirements must have been met:

  1. The high quarter wages must be at least:
    • $1,998 for benefit years beginning prior to 4/1/2007
    • $2,697 for benefit years beginning 4/1/2007 through 1/5/2008
    • $2,774 for benefit years beginning 1/6/2008 through 1/3/2009
    • $2,871 for benefit years beginning on or after 1/4/2009
  2. The total base period wages must have equaled at least 1.5 times the high quarter wages in the base period or total base period wages earned in at least two quarters must have equaled at least 20 times the state’s average weekly wage (for 2006, the state’s average weekly wage is $784.31 times 20 = $15,686.20).


Potential Weekly Benefit Amount (WBA)

The WBA that a claimant is entitled to based on wages paid with the employers involved and dependents claimed, if the claimant is not disqualified and/or held ineligible. (Adjustment to the WBA may occur if the claimant has earnings, owes restitution, has deductions taken for child support, has income taxes withheld voluntarily or is receiving a pension from a base period employer)

Preservation of Benefit Entitlement

A claimant who is disabled and makes a timely request may preserve entitlement to benefits and extend the benefit year.

A claimant may preserve uncharged benefit entitlement when a continuous, involuntary disability exists for more than 14 days. A request to preserve benefit entitlement, along with a physician’s statement, are required within 90 days after the claimant is advised of the right to preserve benefit entitlement.

Requalification Amount

When a disqualification can result in a benefit reduction of 13 weeks, requalification (rather than rework) is required.

To complete a week of requalification the claimant must:

Report as directed by the Agency and meet all eligibility and qualification requirements of the MES Act, or

Work and earn remuneration in the amount equal to 1/13th of the high quarter wage requirement.

  • For benefit years beginning prior to 4/1/2007, this amount is $153 (1/13th of $1,998).
  • For benefit years beginning between 4/1/2007 and 1/5/2008, the amount is $207 (1/13th of $2,697).
  • For benefit years beginning between 1/6/2008 and 1/3/2009, the amount is $213 (1/13th of $2,774).
  • For benefit years beginning on or after 1/4/2009, the amount is $220 (1/13th of $2,871).

Last Employer

The employer from whose employment the claimant was separated before filing an application for unemployment benefits. This employer caused the individual to be unemployed at the time the claim is filed.

Standard Base Period

The first 4 of the last 5 completed calendar quarters before the first day of the individual’s benefit year. If a claimant cannot qualify for benefits using the standard base period, then the wage paid in the alternate base period are considered.

Successive Claim

A new claim that immediately follows an existing claim. The claimant must work after the start of the most recent new claim, and receive wages of at least 5 times the individual’s weekly benefit rate, before a successive claim can be established.

Weekly Benefit Amount (WBA)

The amount payable to the claimant for each week of unemployment in the benefit year. The WBA is calculated by multiplying the highest quarter wages of the base period by 4.1% and adding $6 for each dependent, up to 5. The total amount cannot exceed $362.

Weeks of Entitlement

The number of weeks in which benefits are payable during the benefit year. Weeks of entitlement are calculated by taking 40% of the total base period wages and dividing the result by the individual’s weekly benefit amount. The result is rounded down to the nearest half number. The weeks of entitlement cannot be more than 20, or less than 14.

< Source: https://michigan.gov/uia/0,4680,7-118-26898_27196-82224–,00.html >

Michigan UIA Late Filing Penalty

Late 1028s Mean Penalties

New Wage Detail Penalty Amounts
Section 54(c)(2) of the Michigan Employment Security (MES) Act, provides for late penalties and non-filing penalties for the wage detail report information.  Beginning with the quarter ending September 30, 2012, the wage detail report penalties will be charged as follows: 

– A $50.00 penalty will be charged if Form UIA 1028, Employer’s Quarterly Wage/Tax Report (combined tax and wage report), due for that quarter is untimely, incorrect, or erroneous, and if filed no later than 30 days after the date the report is due.

– If the untimely, incorrect or erroneous report is filed more than 1 calendar quarter after the date the report was due, a $250.00 penalty will be charged. 

– An additional $250.00 will be charged for each calendar quarter that the report remains unfiled.

– No penalties will apply if the employer files a corrected report within 14 days after notification by the Agency of an error.

– These penalties will not be charged retroactively, which includes quarters ending 12/31/2011, 03/31/2012, or 06/30/2012. 

– If a wage report for a prior quarter is received late, the penalty will still be $25.00.

Section 54(c)(3) of the MES Act allows cancellation of late or non-filing penalties for the wage report by providing the following:

If a report is filed after the prescribed time and it is shown to the satisfaction of the Commission (now UIA) that the failure to submit the report was due to reasonable cause, a fine shall not be imposed. The assessment of a fine as provided in this subsection constitutes a final determination unless the employer files an application with the unemployment agency for a redetermination of the assessment in accordance with section 32a.

Application for Redetermination of Penalties
Under Section 54(c)(3) of the  MES Act, if an employer shows the failure to file or late filing was due to a reasonable cause, the Agency shall not impose a fine.

The employer must apply for a redetermination within 30 days of receiving the penalty assessment. A written application for redetermination must be submitted to the Unemployment Insurance Agency, P O Box 8068, Royal Oak, MI 48068-8068. Also, the request for redetermination can be filed through MiWAM (Michigan Web Account Manager).

Regardless of an employer’s ability to pay, it is highly recommended that employers file their combined wage/tax reports on time to avoid these penalties. If an employer is unable to pay their taxes in full when due, payment plans are available. Employers should contact TaxCollections@michigan.gov for details or to establish a payment plan.

< Source: https://michigan.gov/uia/0,4680,7-118-26898_27196-82223–,00.html >

Michigan Minimum Wages

December 2, 2021
Media Contact: Austin Fox, 517-526-2632

Michigan’s minimum wage rate will increase to $9.87 on January 1, 2022, an increase from the current $9.65. Michigan’s Improved Workforce Opportunity Wage Act of 2018 establishes the annual schedule and increases.

The Michigan Wage & Hour Division announced that while the law does prohibit scheduled increases when the state’s annual average unemployment rate for the preceding calendar year is above 8.5%, it is highly unlikely Michigan will exceed this threshold causing another delay as occurred in 2021.

The state’s 2021 annual unemployment rate, which is determined by the Bureau of Labor Statistics (BLS), U.S. Dept. of Labor, is calculated by using both average labor force and unemployment levels for January through December. The annual average unemployment rate for 2021 is expected to remain well below 8.5%.

Effective January 1, 2022:

  • Michigan’s minimum wage will increase to  $9.87 an hour.
  • The 85% rate for minors aged 16 and 17 increases to $8.39 an hour.
  • Tipped employees rates of pay increases to $3.75 an hour.
  • The training wage of $4.25 an hour for newly hired employees ages 16 to 19 for their first 90 days of employment remains unchanged.