Tax

Tag: EM

  • Employee

    Employee means:a person who works for compensation, whether direct or indirect, for another in return for stipulated services. An employee may work on an hourly, daily, or annual wage basis. For tax purposes, there are two types of employees: (a) common-law and (b) statutory. All workers who hav…

  • Employment Tax Penalty

    Employment Tax Penalty means:a penalty imposed on the responsible person that is equal to 100% of the employment tax required to have been paid to the federal government. Former IRC (check if this IRC provision is current here) §667…

  • Employer Retirement Plan

    Employer Retirement Plan means:a retirement plan set up by an employer for the benefit of the employees. An employer retirement plan is any of the following: • a qualified plan, profit-sharing plan, stock bonus plan, or money purchase plan (including Keogh plan). • a Section <a href="h…

  • Employee-owner

    Employee-owner means:any employee who on any day of the year owns more than 10% of the outstanding stock of a personal service corporation. For purposes of constructive ownership of stock, 5% is substituted for 50% in the attribution rules for stock owned by a corporation. See <a href="http://la…

  • Employee Stock Option

    Employee Stock Option means:an opportunity for employees to purchase shares in the company they work for, often at a discount from fair market value. Generally it is provided as an incentive, in some cases with tax incentives, to stay with the employer until the options vest.The two categories o…

  • Employee Achievement Award

    Employee Achievement Award means:tangible personal property given as an award to an employee for length of service, productivity, or safety achievement. After 1986, an employer may exclude an employee achievement award from the employee's income only if the employer may deduct the award. To be d…

  • Embezzlement

    Embezzlement means:the fraudulent appropriation, for one's own use, of property lawfully in one's possession; a type of larceny. Embezzlement is often associated with bank employees, public officials, or officers of organizations, who may in the course of their lawful activities come into posses…

  • Employee Contributions

    The Employee Contributions are. premiums paid by workers to a contributory employee benefit plan….

  • Employer Comparable Contributions

    Employer Comparable Contributions to Health Savings Accounts under Section 4980G AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Final regulations. SUMMARY: This document contains final regulations that provide guidance regarding employer comparable contributions to Health Savings Accounts HSAs) under section 4980G. In general, these final regulations affect employers that contribute to employees’ HSAs. DATES: Effective Date:…