IRS Says Watch Out for ERC Scams, E-File Your 3rd Quarter Returns and Tax Records Available to Disaster Victims
On October 19, the IRS issued news releases and a Tax Tip of interest to employers and payroll practitioners. Employee …
USCIS: Employers Should Continue to Use Expiring Form I-9
The U.S. Citizenship and Immigration Services (USCIS) has announced that employers should continue using the current Form I-9 (Employment Eligibility Verification), which has an …
IRS Releases Electronic Specifications for Information Returns for 2022 Tax Year
IRS Publication 1220 (Specifications for Electronic Filing of Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G) has been revised for …
DOL Investigations Find A Broad Spectrum of Violations
Recent investigations by the Department of Labor’s (DOL) Wage and Hour Division (WHD) have disclosed a variety of violations that …
Federal Employment Tax Deadlines for October
We have listed the October payroll tax deposit deadlines for semi-weekly and monthly depositors below. Semi-weekly depositors. Semi-weekly depositors must …
Estimated 2023 Tax Brackets Available
Thomson Reuters Checkpoint has calculated the 2023 tax brackets, as well as other inflation-adjusted tax numbers based on the recently …
TIGTA Report Reveals Businesses Fail to Receive COVID-19 Tax Relief Due to Continued Delayed IRS Processing
The Treasury Inspector General for Tax Administration (TIGTA) released a report regarding its continued review of the IRS’s efforts to …
IRS Releases Draft of Schedule R of Annual Return for Agricultural Employees
The IRS has released the 2022 draft of Schedule R for Form 943 (Employer’s Annual Federal Tax Return for Agricultural Employees). Schedule …
IRS Backlog for Processing Forms 941 Increasing
The IRS backlog for processing Forms 941 (Employer’s Quarterly Federal Tax Return) is increasing, according to the Service’s webpage on mission-critical functions. Mission-critical. …
10-Year Statute of Limitations Established for Paycheck Protection Program Loan Fraud
On August 5, 2022, President Biden signed the PPP and Bank Fraud Enforcement Harmonization Act of 2022 (HR7352) that establishes a 10-year …