Internal Revenue Bulletin:  2014-29 

July 14, 2014 

EMPLOYMENT TAX


Table of Contents

TD 9670T.D. 9670

These final regulations extend exceptions/exemptions from FICA and FUTA taxes relating to services performed by certain employees for family members and for services performed by an employee for an employer where both are members of a qualifying religious sect to disregarded entities. These final regulations also clarify that the owner (and not the entity) is the party responsible for backup withholding and certain information reporting. These final regulations add the indoor tanning services excise tax to the list of excise taxes for which qualified subchapter S subsidiaries and disregarded entities are treated as separate entities. These final regulations also treat a single-owner eligible entity that is disregarded as an entity separate from its owner as a corporation with respect to the indoor tanning services excise tax. These regulations are effective on June 26, 2014.


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