When H. G. Wells wrote The Time Machine in 1895, he struck a chord with mankind’s dream of going back in time. Interestingly, some employees may have the same dream regarding health and welfare benefits, in the form of retroactive elections.
Tag: Tax Code
I’m concerned about conflicting information we’ve received from the IRS and our legal counsel regarding how the USERRA (Uniformed Services Employment and Reemployment Rights Act) pay differential (pay difference between military pay and the employer’s pay) should be treated from a tax perspective. Do we report these payments on a 1099-MISC or on a W-2?