Remove money medicare
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CMS Delays Final Regulations Addressing Penalties for MSP Reporting Violations

ThomsonReuters

Medicare Secondary Payer and Certain Civil Money Penalties; Extension of Timeline for Publication of Final Rule, 42 CFR Part 402; 45 CFR Part 102, 88 Fed. The reports help CMS determine whether a plan’s coverage is primary or secondary to Medicare. 10868 (Feb. 10868 (Feb. Contributing Editors: EBIA Staff.

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What is PRF? Must know tax and reporting requirements of HHS provider relief fund distributions

ThomsonReuters

Eligible providers include public entities, Medicare or Medicaid enrolled suppliers and providers, and both for-profit and not-for-profit entities that provide diagnoses, testing, or care for individuals with possible or actual cases of COVID-19. Phase One PRF distribution. Additional funding of $7.5

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CMS Issues Guidance on Elimination of MHPAEA Opt-Out Elections by Self-Insured Non-Federal Governmental Health Plans

ThomsonReuters

The guidance also reminds plans that CMS may pursue enforcement action, including potential imposition of civil money penalties, against non-federal governmental plans that do not comply with MHPAEA requirements.

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Congress Passes ARPA With Many COVID-19 Payroll-Related Provisions

ThomsonReuters

Provides that paid sick and paid family leave credits may each be increased by the employer’s share of Social Security tax (6.2%) and employer’s share of Medicare tax (1.45%) on qualified leave wages. “Applicable employment taxes” are defined as the employer’s share of Medicare or Tier 1 RRTA tax. .

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Significant Amended Return Backlog Remains As IRS Issues Revised Form 941-X and Instructions

ThomsonReuters

The IRS has issued several warnings this past tax season about taxpayers falling for fraudsters promising “big money” with the ERC and lying about the employer’s eligibility. Other complications that may be impacting the IRS’s processing of Forms 941-X is the notable volume of ERC scams.

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Last Week in Payroll: Federal Employment Taxes

ThomsonReuters

In 1965, Medicare was signed into law, which resulted in a tax on both the employer and employee (1.45% each). And in 2013, the Additional Medicare tax (0.9%) on wages in excess of $200,000 took effect. Jumpstart program offering money to returning unemployed workers.

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The Certified Payroll Professional Corner: Gross Ups

ThomsonReuters

A gross-up is an additional amount of money added to a payment to cover the income taxes the recipient will owe on the payment. Determine the federal income tax withholding rate, the Social Security tax rate and the Medicare tax rate. Gross ups. Follow the steps above and in Payroll Guide ¶3795 to guide you through the process.