XMI Insights

Our Take on Topics & Trends for Business Success

ACA Penalty Letters: What to Do If the IRS Sends You One

ACA Penalty Letters: What to Do If the IRS Sends You One

It’s 2019, but the IRS just started sending out Letter 226-J penalty notices for tax year 2016. If you received one for the 2015 tax year, which may have happened as recently as last year, you probably know exactly what this is. But for the uninitiated, here’s an...

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Why You Should Encourage Employees to Review W-4 Withholdings

Why You Should Encourage Employees to Review W-4 Withholdings

Big changes were expected this year to the W-4 form—officially called the Employee’s Withholding Allowance Certificate—to better reflect the tax changes in the now-year-old Tax Cuts and Jobs Act. But last summer, the IRS announced these changes would be put off until...

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