Proposed Rules Allow Agent to Report, File All Employment Taxes

For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...

IRS issues proposed regulations (REG-137036-08) that would permit a home care service recipient to designate an agent to report, file, and pay all employment taxes, including Federal Unemployment Tax Act taxes. This amendment to the existing rules under tax code Section 3504 would allow the filing of a single FUTA return on behalf of multiple home care service recipients as is currently permitted for income tax withholding and FICA taxes, IRS says.

Request Daily Tax Report