W2 Requirements

Year-end prep: IRS deadlines for W-2s, other crucial info

What you need to know about forms for 2018   Year-end is fast approaching, which – as you well know – can make life pretty hectic for Payroll pros.   To make a smooth transition into 2018, it’s crucial to stay current with upcoming deadlines for various returns.   Important due dates   In the [...]

December 14th, 2017|W-2s, W2 Requirements|

Box 1 W-2 earnings required to EEO-1 Report? The latest

Workforce snapshot now in fourth quarter   Sure, you don’t have to start working on the EEO-1 Report right now – because the deadline has been bumped back – but that, and other recent changes to the report, aren’t necessarily good news.   Typically, the EEO-1 is due by September 30 each year. So you [...]

November 7th, 2017|EEO-1 Regs, W-2s, W2 Requirements|

IRS Makes changes to W-2s: What Payroll must know

Regulatory action allows for truncated SSNs   A significant change is coming to W-2s that’ll impact how you prepare forms for employees.   The IRS just issued a proposed rule that allows for the use of truncated Social Security Numbers (SSN) on employees’ copies of Forms W-2s.   Currently, you can use truncated taxpayer identification [...]

November 1st, 2017|W-2s, W2 Requirements|

Big changes coming to boost info security when filing IRS returns

  Preventing identity theft with new data safeguards   Cybersecurity and identity theft are key concerns of the IRS, as evidenced by the latest edition of the Electronic Tax Administration Advisory Committee’s (ETAAC) annual report to Congress.   This year, as part of its identity theft prevention strategy, ETAAC announced several new security initiatives that’ll [...]

September 20th, 2017|Hacking, Identity Theft, W-2s, W2 Requirements|

2017 could hold big changes for Payroll: What’s IRS planning now?

  Advisory council has long list of payroll-focused suggestions   Between state and federal regulations, you already have enough on your plate.   But if you aren’t vigilant, you’re likely to miss a slew of new rules.   That’s thanks to the Internal Revenue Service Advisory Council (IRSAC), which recently released its latest list of [...]

March 9th, 2017|2017 Tax Changes, W2 Requirements|

Higher taxable wage base, other big 2017 changes

This year-end will be one of the most hectic The Social Security taxable wage base is about to make one of its biggest jumps – ever. Add to that the many other changes already piled on for this year-end, and you wonder how you’re going to keep your head above water. Here’s the latest: The [...]

The SSA to release year-end updates earlier – with 2016 W-2s due Jan 31

Plus, changes to AccuWage being considered for future. Given that the Forms W-2 deadline will hit earlier for Tax Year 2016, the SSA plans to release some of its year-end material sooner than in the past. The SSA gave that heads up during a Payroll Industry Call in March. Previously, employers had until the end [...]

October 7th, 2016|W2 Requirements|