Over the past few years, the IRS has increased its compliance and enforcement efforts focused on payment transactions between US and foreign persons. However, these
Read MoreTag: withholding
Here’s What You Need To Know About A Year-End Bonus Or Gift From Your Employer
As December 31 creeps closer, some employees are wondering what Santa will leave in their payroll stockings. Visions of huge bonuses – like the $10
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IRS: Take Steps To Ensure A Smooth Tax Filing Season In 2020
Ready for tax season? The Internal Revenue Service (IRS) is urging taxpayers to take steps now to make sure that all goes well in 2020.
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IRS Will Issue Refunds To Qualified Taxpayers Who Did Not Claim Waiver In 2018
Did you owe an estimated tax penalty for 2018 but didn’t claim the waiver? All is not lost. The Internal Revenue Service (IRS) has announced that it
Read MoreUse New Tax Withholding Estimator From IRS To Avoid Tax Surprises In 2020
Remember all of the times that the Internal Revenue Service (IRS) reminded you to do a payroll checkup? And remember that you didn’t? The IRS
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Taxes From A To Z (2019): W Is For Withholding
It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can
Read MoreTaxes From A To Z (2019): T Is For Trust Fund Taxes
It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act (TCJA) style. If you’re wondering whether you can
Read MoreIRS Offers Free Help For Taxpayers Who Need Answers On Withholding
If the changes to tax rates and withholding over the past year have you scratching your head, help is on the way. The Internal Revenue
Read MoreIRS Says No To Big Withholding Form Changes Until 2020 Tax Year
The IRS has indicated that it “will incorporate important changes into a new version of the Form W-4, Employee’s Withholding Allowance Certificate, for 2020.”
Read MoreWithholding Problems Continue As Draft Form W-4 Issued
The hallmark of the Tax Cuts and Jobs Act of 2017 (TCJA) was supposed to be its simplicity. By eliminating the personal exemption amounts and
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