Draft 2024 Form W-2 Instructions Note E-Filing Threshold Change and New Box 12 Code
The draft 2024 IRS Form W-2, Wage and Tax Statement, instructions note the threshold change for the electronic filing of several information …
Governors Ask IRS for Guidance on Taxability of State Paid Family Leave
Nine governors signed a letter to the IRS urging clarification and guidance on the federal tax treatment of state paid family and …
Instructions for EIN Application Updated
The IRS updated the instructions for Form SS-4, Application for Employer Identification Number, with a revised date of December 2023. Form SS-4. …
National Taxpayer Advocate “Very Concerned” About ERC Claims Delay in 2024
In its annual report to Congress, the National Taxpayer Advocate (NTA) said it was “very concerned” about delays in processing employee retention …
GAO Calls for Improvement in Use of Information Returns
The Government Accountability Office (GAO) has published a snapshot report which concluded that the IRS can improve its use of …
Annual IRS Unemployment Tax Forms Confirm FUTA Credit Reduction States
The IRS issued the annual Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return, its instructions, and Schedule A (Form 940), Multi-State Employer and Credit …
IRS Says No Worker Classification Letter Rulings for Prospective Employment
In a recently released IRS Information Letter, the IRS addressed an individual taxpayer worker classification inquiry regarding performing work as …
Two IRS Publications Tout Work Opportunity Tax Credit
Two IRS publications recently discussed the benefits of the Work Opportunity Tax Credit (WOTC) for employers (SSA/IRS Reporter, 3rd Quarter …
IRS Issues Modernized E-File Testing Guidelines for 2024
The IRS issued an October 2023 version of Publication 5078, Assurance Testing System (ATS) Guidelines for Modernized e-File (MeF) Business Submissions, …
IRS Releases 2023 Affordable Care Act Forms
The IRS released the final versions of the following 2023 Affordable Care Act (ACA) forms: (1) Form 1094-B, Transmittal of Health Coverage …