Don't Mention It
Your reporting burden may now be a little bit lighter.
Federal paperwork requirements got you down? The IRS is providing a little relief-but along with it come some new requirements.
The agency recently announced that employers no longer have to send in copies of potentially questionable W-4 withholding forms from employees. In the past, employers were required to send the agency any W-4 forms that claimed more than 10 allowances or claimed complete exemption from withholding. Now, the IRS plans to uncover withholding noncompliance problems by using information already reported on W-2 forms to more effectively identify workers who may not be deducting enough from their paychecks.
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