Government Affairs Task Force Federal Tax Forms and Publications Subcommittee 2013 Recommendations
|
|
- Elijah Mosley
- 5 years ago
- Views:
Transcription
1 Government Affairs Task Force Federal Tax Forms and Publications Subcommittee 2013 Recommendations Form W 2 Instructions Page 1 first column Contents Observation Although the Contents and What s New both appear on the same page, Reminders also appears on the first page and is included in the Contents. Including What s New in the Contents would potentially give the What s New section more exposure and make it consistent with other forms. Recommendation Add What s New to the Contents on page 1. Page 1 first column What s New Observation At the end of the first paragraph under What s New, the reader is directed to see Health flexible spending arrangement (FSA) but is not told where to find it. Recommendation Give direction where to find referenced sections. Add a hyperlink so when the reader clicks Health flexible spending arrangement (FSA) they are brought to page 9. Page 1 second column Reminders Observation It may be hard for employers to tell where to look in the instructions without looking at the index. For example, military differential pay appears as a reminder with a cross reference to the Special Reporting Situation. This is also the case for foreign agricultural workers. Recommendation Combine the Reminders and Special Reporting Situations sections. Pages 2 29 page footer Observation At the bottom of each page from 2 29, it says General Instructions for Forms W 2 and W 3 (2012). It should say 2013, not Recommendation Make sure that the page footer for the 2014 instructions says General Instructions for Forms W 2 and W 3 (2014). Page 2 first column Electronic Statements for Employees Observation The reader is directed to See Pub. 15 A but is not directed where in the publication to find the information. Recommendation Hyperlink Pub 15 A to Pub 15 A instructions section on furnishing electronic statements to employees.
2 Page 2 first column last paragraph Observation The first bullet says 5 or fewer Forms W 2c and the second bullet says more than 5 Forms W 2c. Recommendation Replace the first bullet to read 25 or fewer Forms W 2c and replace the second bullet to read more than 25 Forms W 2c. Page 2 second column Military Differential Pay Observation This paragraph is in the Reminders section, but the last sentence is See Military differential pay. This is confusing since it is almost as if it refers the reader to the same paragraph instead of the military differential pay section in the Special Reporting Situations for Form W 2 (page 10). Recommendation Delete See Military differential pay from Reminders section Change See Military differential pay to See Military differential pay under Special Reporting Situations for Form W 2. Or See Military differential pay on page 10. Page 9 first column 4 th line from the bottom of the page Recommendation Remove However from However, any uncollected and begin sentence with Any uncollected Page 9 second column Health Savings Account (HSA) Observation Some parts of the paragraph say contribution and others say contributions Recommendation Add an s to contribution in the first sentence so it reads An employer s contributions instead of An employer s contribution Page 14 first column Box 1 Observation Some people read total taxable wages, tips, and other compensation to be gross taxable wages and some read it to be federal taxable wages. Recommendation Remove (before any payroll deductions) from the instructions. Page 15 second column Box 8 Observation The instructions imply that all food and beverage establishments will have allocated tips. This may confuse employers. Recommendation Modify the instructions to read: If you are a large food and beverage establishment, show the tips allocated to the employee, if any. Page 21 second column third to last paragraph Observation The reader is referred to the Repayments section, but it would be helpful to click on it and the reader is taken to that section. Recommendation Make Repayments a hyperlink to the corresponding section.
3 Page 22 first column, second paragraph Observation The reader is referred to BSO, but there is no link to the BSO website. Recommendation Add a hyperlink to BSO Page 24 second column second to last paragraph Observation There is no information about the threshold for Form W 2c electronic filing. Recommendation Add a paragraph providing information about electronic filing. Suggested wording could be: If you file Forms W 2c during a calendar year to correct 250 or more Forms W 2 filed for the previous calendar year, you must file them electronically unless the IRS grants you a waiver. You may be charged a penalty if you fail to file electronically when required. Specifications for filing Forms W 2c electronically can be found here: Page 27 Form W 2 Box 13 Retirement Plan Checkbox Decision Chart Observation In the row where the 1 st column says Defined contribution plan (for example, a 401(k) or 403(b) plan; a Roth 401(k) or 403(b) account; but not a 457 plan), the answer in the 3 rd column is No when it should say Yes. IRS has acknowledged this earlier in the year. Recommendation Change No to Yes in the Check Retirement Plan Box? Column for that row.
4 Form 2159 Observation It is difficult to discern which part the employer is responsible for reading and filling out and which part the employee is responsible for reading and filling out. Recommendation 1) Keep all the employer information together and all the employee information together. For example, put all the employee information on the top half of the form and all the employer information on the bottom half, or 2) Put a hard break/bold line above I am paid every to make it easier to distinguish between employer and employee information, or 3) Mark off the employer section in the upper left corner, with perhaps a darker border or header, or 4) Insert EMPLOYEE above the I am paid every section, like the EMPLOYER section above to tell the employee she needs to fill out this section. Observation Sometimes the form refers to the employee as I and other places is refers to the employee as you/your. Recommendation Make employee references simpler and uniform by changing I and you/your to Taxpayer. Observation The form is voluntary for employers. The form does not have any recommendations for when the employer chooses not to participate. Recommendation Include language in the Instructions to Employer section If you do not agree to participate Suggestions 1) Write decline to participate on the face of the agreement and inform the taxpayer to return the form to the IRS, or 2) Inform the taxpayer that you will not participate and tell her to return the form to the IRS, or 3) Your employer is not required to accept or act on this agreement. If your employer does not accept this agreement you may need to make other arrangements with the IRS.
5 Form 8027 Observation Line 2 gives the impression that the amount is the number of charge receipts as opposed to the dollar amounts on the receipts Recommendation Reword Line 2 to read Total sales on charge receipts showing charged tips (see instructions).
6 Form 8027 Instructions Page 1, first column, Reminders second paragraph Observation Below in the paragraph confuses the reader since the worksheet is located to the right. Recommendation Remove below or reword from Complete the Worksheet for Determining Whether To File Form 8027 (below) to determine if you must file Form Page 1, first column, Reminders fourth paragraph Recommendation Insert hyperlink to Pub 1239 If you file 250 or more Forms 8027, you must file the returns electronically. See Pub Page 1, first column, Reminders last paragraph Recommendation Remove reference to tip program, since it expired in Page 1, first column, Who Must File Observation The reader can confuse activity with establishment in There may be more than one establishment (business activity providing food or beverages) operating within a single building, and, if gross receipts are recorded separately, each activity is required to file a Form Recommendation Change each activity to each establishment Page 1, first column, Who Must File Observation Establishment is not defined fully in A return is required only for establishments in the 50 states and the District of Columbia. Recommendation Change establishment to large food and beverage establishment. Page 1, second column, first paragraph Recommendation Add a hyperlink to Form 8027 T in the following paragraph If you are required to report for more than one establishment, you must complete and file Form 8027 T, Transmittal of Employer's Annual Information Return of Tip Income and Allocated Tips, with Forms Page 1, second column, second paragraph Recommendation Reword the third bullet from More than 10 employees who work more than 80 hours to More than 10 employees whose combined working hours total more than 80 hours Page 1, second column, second paragraph Observation There is no reference to the worksheet below in the third bullet Recommendation Add (see Worksheet for Determining Whether to File Form 8027 below) after More than 10 employees who work more than 80 hours were normally employed on a typical business day during the preceding calendar year. Page 2, first column, Exceptions to filing Observation Fast food restaurants and operations where tipping is not customary such as cafeterias or operations where 95% of the total sales are carryout sales or sales with a service charge of 10% or more. reads like a run on sentence
7 Recommendation Break up the sentence to read Fast food restaurants and operations where tipping is not customary. For example, cafeterias or operations where 95% of the total sales are carryout sales or sales with a service charge of 10% or more. Page 2, first column, Where to File Observation The Note above Where to File and the Note below it are repetitive. Recommendation Remove the Note above Where to File because it is repeated within the Note below. Page 3, first column, third bullet Observation The sentence is confusing to the reader and would be easier read with parentheses inserted. Recommendation Insert parentheses in: Detailed description of the establishment that would help to determine the tip rate. The description should include the type of restaurant, days and hours of operation, type of service (including any self service), the person (waiter or waitress, cashier, etc.) to whom the customer pays the check, whether the check is paid before or after the meal, and whether alcohol is available. Page 5, second column, last sentence Recommendation Link back to the worksheet on the 1 st page. Instead, see the Worksheet for Determining Whether To File Form 8027, earlier.
IRA Contribution Limits for 2018 Unchanged at $5,500 and $6,500; 401(k) Limits Do Change
Published Since 1984 ALSO IN THIS ISSUE IRA Contribution Limits for 2018 Page 1 IRA Contribution Deductibility Charts 2017 and 2018, Page 2 Roth IRA Contribution Charts for 2017 and 2018, Page 3 SEP and
More information2013 Year End Customer Guide
November 2013 Wells Fargo Business Payroll Services 2013 Year End Customer Guide 2013 Wells Fargo Bank N.A. All rights reserved. Member FDIC. Welcome to the 2013 year-end customer guide The 2013 year-end
More informationGuide to online withdrawals
Streamlined withdrawal processing The online withdrawal process on the secure My TIAA-CREF website has the same easy-to-use navigation and functionality as other websites that you visit regularly to shop,
More informationIRS FORM 944. Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps.
IRS FORM 944 Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps. Select to get back to the main form. For more information see: Form 944:
More informationChanges to Fall 2018 Mass Manual
Changes to Fall 2018 Mass Manual Changes and errata to the Fall 2018 Mass Manual are listed below. These resulted from changes to the TaxSlayer 2018 Massachusetts software which was released on 5 January
More information2015 NATIONAL INCOME TAX WORKBOOK
2015 NATIONAL INCOME TAX WORKBOOK Updates Individual Shared Responsibility Payment (pages 475-478) As noted in the Practitioner Note on page 476 of the 2015 National Income Tax Workbook, the August 25,
More informationGuide to online withdrawals
Less time, paper and phone calls Many types of withdrawal requests can be completed online through your account on TIAA.org, 1 which saves time and reduces the need for paper forms. This guide includes
More informationInstructions for Forms W-2 and W-3 Wage and Tax Statement and Transmittal of Wage and Tax Statements
2010 Instructions for Forms W-2 and W-3 Wage and Tax Statement and Transmittal of Wage and Tax Statements Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue
More informationContributions to Individual Retirement Arrangements (IRAs)
Department of the Treasury Internal Revenue Service Contents What's New for 2016 1 Publication 590-A What's New for 2017 2 Cat No 66302J Reminders 2 Contributions to Individual Retirement Arrangements
More information2017 Year-end OptRight Customer Guide
October 2017 Business Payroll Services 2017 Year-end OptRight Customer Guide 2017 Wells Fargo Bank N.A. All rights reserved. Member FDIC. Making it easier to prepare for your year-end payroll needs This
More information2017 Year End Newsletter
2017 Year End Newsletter Dear Client: Please read this year-end newsletter carefully and keep it available for reference. It contains important information to help you prepare and plan for the busy months
More informationIRS FORM 940. Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps.
IRS FORM 940 Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps. Select to get back to the main form. For more information see: Form 940:
More informationWORKDAY: TERMINATING A DOMESTIC PARTNERSHIP
KNOWLEDGE Builders WORKDAY: TERMINATING A DOMESTIC PARTNERSHIP This Knowledge Builder will walk an employee through enrolling in or cancelling benefits due to a termination of a domestic partnership. Try
More informationPage 1 The TaxWise (UTS) phone number has been changed for us, It is now
AARP Tax-Aide Counselor Reference Manual This contains all changes to be applied to the 9/23/2009 version. This will then be version 3 Cover- Cross out CA2 in the title. Add Tax Year 2009. This manual
More informationIRS FORM 941. Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps.
IRS FORM 941 Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps. Select to get back to the main form. For more information see: Form 941:
More informationThis Knowledge Builder will walk an employee through enrolling in benefits for themselves and their family members.
KNOWLEDGE Builders WORKDAY: ENROLLING IN BENEFITS This Knowledge Builder will walk an employee through enrolling in benefits for themselves and their family members. Try It Out Follow the steps below to
More information2014 EMPLOYEE SELF SERVICE GUIDE
2014 EMPLOYEE SELF SERVICE GUIDE CONTENTS Click any topic below to go directly to that page. HOW TO USE SELF SERVICE 1.1 How to Access, Log In and Navigate Employee Self Service BENEFITS 2.1 Enrollment
More informationACS YEAR-END FREQUENTLY ASKED QUESTIONS. General Ledger
ACS YEAR-END FREQUENTLY ASKED QUESTIONS This document includes answers to frequently asked questions about the following ACS modules: General Ledger Payroll Accounts Payable Accounts Receivable General
More informationHealth Savings Accounts (HSA) Helpful Hints E-1
How will you know if the taxpayer has an HSA issue? The Intake/Interview sheet has the Yes or Unsure HSA box checked. The taxpayer s (or spouse s) Form W-2 has a box 12 entry of code W for employer contributions.
More informationPublication 590-A and. Publication 590-B
Publication 590-A and Publication 590-B This material is not intended to replace the advice of a qualified attorney, tax advisor, financial advisor, or insurance agent Before making any financial commitment
More informationGlossary of Terminology
Glossary of Terminology Form 1095C Form 1094C Individual Statement furnished by the ALE to both the IRS and Employee Company Statement furnished by the ALE to the IRS Administrative Period: It is a period
More informationInstructions for Forms W-2 and W-3 Wage and Tax Statement and Transmittal of Wage and Tax Statements
2010 Instructions for Forms W-2 and W-3 Wage and Tax Statement and Transmittal of Wage and Tax Statements Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue
More informationTax Guide to U.S. Civil Service Retirement Benefits
Department of the Treasury Internal Revenue Service Publication 721 Cat. No. 46713C Tax Guide to U.S. Civil Service Retirement Benefits For use in preparing 2013 Returns Get forms and other Information
More informationCSV Import Instructions
CSV Import Instructions The CSV Import utility allows a user to import model data from a prepared CSV excel file into the Foresight software. Unlike other import functions in Foresight, you will not create
More informationChapter 11 Payroll Taxes, Deposits, and Reports
Chapter 11 - Payroll Taxes, Deposits, and Reports Chapter 11 Payroll Taxes, Deposits, and Reports TEACHING OBJECTIVES 11-1) Explain how and when payroll taxes are paid to the government. 11-2) Compute
More informationChapter : Please clarify if this same answer would apply to the government entity that sponsors as well as participates in the external pool.
December 16, 2014 Mr. David Bean Director of Research and Technical Activities Governmental Accounting Standards Board 401 Merritt 7 Norwalk, CT 06856-5116 Dear Mr. Bean: On behalf of the National Association
More informationQuestion: What are the main employee benefits and tax issues to be aware of for more-than-2% shareholders of an S corporation?
Question: What are the main employee benefits and tax issues to be aware of for more-than-2% shareholders of an S corporation? Compliance Team Response: Section 125 Cafeteria Plan More-than-2% shareholders
More informationQualified Small Employer Health Reimbursement Arrangements. This notice provides guidance on the requirements for providing a qualified small
Part III - Administrative, Procedural and Miscellaneous Qualified Small Employer Health Reimbursement Arrangements Notice 2017-67 PURPOSE This notice provides guidance on the requirements for providing
More informationWORKDAY: ENTERING INTO A DOMESTIC PARTNERSHIP
KNOWLEDGE Builders WORKDAY: ENTERING INTO A DOMESTIC PARTNERSHIP This Knowledge Builder will walk an employee through enrolling in benefits due to entering into a domestic partnership. Try It Out Follow
More informationCASH ADVANCES TABLE OF CONTENTS
CASH ADVANCES TABLE OF CONTENTS Overview... 2 Responsibilities... 2 Delegate Entry Authority to Other Users... 2 Cash Advance Tips and Reminders... 4 Create and Manage... 5 Create a Cash Advance for Yourself...
More informationIncome. Taxwise Online. IRS Training Workbook
Income Taxwise Online IRS Training Workbook I N C O ME IRS Training Workbook 2012 CCH Small Firm Services. All rights reserved. 225 Chastain Meadows Court NW Suite 200 Kennesaw, Georgia 30144 Information
More information2018 Tax Form Updates
2018 Tax Form Updates Overview of 2018 Changes Effective Dates W-4 and A-4 Forms Availability When to file a new form Completing the forms TCJA Tax Cuts and Jobs Act Tax Myths Tax Rates What changed, and
More informationFTB Publication Pension and Annuity Guidelines
FTB Publication 1005 2018 Pension and Annuity Guidelines Table of Contents What s New.... 3 General Information... 3 Introduction.... 3 Important Reminders... 3 Common Terms Used in this Publication...
More informationThis is your Social Security number. Double check to ensure it is correct.
2017 Year End W-2 Box Descriptions for Employees Knowing how to read a Form W-2, or Wage and Tax Statement, can help you understand your total overall compensation, and also help you get a head start when
More informationMedicare levy M1. Medicare levy reduction or exemption. Part A Medicare levy reduction
Medicare levy reduction or exemption Medicare levy M1 This question is about whether you qualify for a Medicare levy reduction or exemption. Australian residents are subject to a Medicare levy of 1.5%
More informationStudent Employee New Hire Packet
Student Employee New Hire Packet New Hire Checklist: o Authorization to Hire Form o Student Application o Federal W-4 Form o NJ State W-4 Form o I-9 Form o Social Security Card (for Payroll purposes) o
More informationJune 30, 2003 by Holly C. Bakke, Commissioner, Department of Banking and Insurance
INSURANCE DEPARTMENT OF BANKING AND INSURANCE DIVISION OF INSURANCE Financial Examinations Monitoring System (FEMS) Readoption with Amendments: N.J.A.C. 11:19 Proposed: Adopted: Filed: February 3, 2003
More informationInstructions for Forms 1099-R and 5498
2009 Instructions for Forms 1099-R and 5498 Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise noted. What s New Form 1099-R Airline
More informationBefore How can lines on a graph show the effect of interest rates on savings accounts?
Compound Interest LAUNCH (7 MIN) Before How can lines on a graph show the effect of interest rates on savings accounts? During How can you tell what the graph of simple interest looks like? After What
More informationBenefits: Open Enrollment Guide
SELECT YOUR BENEFITS Open Enrollment is the time of year to review your benefit elections and make changes. You will have from November 1st through November 19th to elect and/or make changes to your benefits.
More informationYEAR-END UPDATE FOR PAYROLL AND RELATED TAXES WITH ADDITIONAL INFORMATION FOR INDIVIDUALS
YEAR-END UPDATE FOR PAYROLL AND RELATED TAXES WITH ADDITIONAL INFORMATION FOR INDIVIDUALS JANUARY 2011 This memo provides information that is useful in the annual preparation of employment related forms
More information2018 Payroll Tax Changes in BusinessWorks Page 1 of 12 IMPORTANT NOTICE TO ALL BUSINESSWORKS USERS:
IMPORTANT NOTICE TO ALL BUSINESSWORKS USERS: Effective January 1, 2018, the Illinois income tax withholding rate is unchanged at 4.95%. Also the Illinois Department of Employment Security (IDES) states
More informationAcquisition or Abandonment of Secured Property
Attention! This form is provided for informational purposes and should not be reproduced on personal computer printers by individual taxpayers for filing. The printed version of this form is a "machine
More information2007 Instructions for Forms 1099-R and 5498
2007 Instructions for Forms 1099-R and 5498 Section references are to the Internal Revenue Code unless otherwise noted. What s New Form 1099-R Certain qualified distributions. A TIP has been added on page
More informationAdditional Wage Information
Additional Wage Information EasyPayNet SM Additional Wage Information After an ADP service representative sets up the following earnings categories in the system prior to year-end, you can then report
More informationOPEN ENROLLMENT DIRECTIONS
OPEN ENROLLMENT DIRECTIONS EMPLOYEE ONLINE LOG-IN PAGE: emponline.rps205.com https://emponline.rps205.com/ifas7/login/login.aspx?returnurl=%2fifas7%2femponline%2f Use your current Employee Online user
More informationHospitality Industry
WAGE ORDER SUMMARY BASIC MINIMUM HOURLY RATE (per hour) GENERAL MINIMUM WAGE NYC - Large Employers (of 11 or more) $11.00 $13.00 $15.00 NYC - Small Employers (10 or less) $10.50 $12.00 $13.50 $15.00 Long
More informationAdditional information about the printing of these specialized tax forms can be found in IRS Publications 1141, 1167, 1179, and other IRS resources.
Attention: This form is provided for informational purposes and should not be reproduced on personal computer printers by individual taxpayers for filing. The printed version of this form is designed as
More informationALSO IN THIS ISSUE. The 2004 IRS Form Inherited IRAs and Checkbox 11 (Required Minimum Distribution) on Form 5498
April 2005 Published Since 1984 ALSO IN THIS ISSUE Completing the 2004 Form 5498-SA, Page 3 Question and Answer, Page 3 Additional Discussion of Automatic Rollover Rules, Page 4 A Planning Technique, Page
More informationAttention: See IRS Publications 1141, 1167, 1179, and other IRS resources for information about printing these tax forms.
Attention: Do not download, print, and file Copy A with the IRS. Copy A appears in red, similar to the official IRS form, but is for informational purposes only. A penalty of 50 per information return
More informationBY BROTHERHOOD MUTUAL A STRESS-FREE PROCEDURAL GUIDE. End-of-Year Payroll, Simplified 1
BY BROTHERHOOD MUTUAL BY BROTHERHOOD MUTUAL End-of-Year Payroll, Simplified A STRESS-FREE PROCEDURAL GUIDE End-of-Year Payroll, Simplified 1 Welcome to End-of-Year Payroll, Simplified The key to successfully
More informationPreparing Form 8955-SSA Utilizing TIAA-CREF s Form 8955-SSA Filing Summary
Preparing Form 8955-SSA Utilizing TIAA-CREF s Form 8955-SSA Filing Summary Purpose of the Form 8955-SSA Form 8955-SSA is an Internal Revenue Service (IRS) form that ERISA retirement plans file to report
More informationNondiscrimination Rules for Cafeteria Plans
Nondiscrimination Rules for Cafeteria Plans A cafeteria plan is an employer-provided written plan that offers employees the opportunity to choose between at least one permitted taxable benefit and at least
More informationCaution: Special rules apply to certain distributions to reservists and national guardsmen called to active duty after September 11, 2001.
LPL Financial Sims & Karr Financial Solutions Roger C. Sims Jason R Karr, Alex M. Means 304 North Main Street Greer, SC 29650 864-879-0337 simsandkarr@lpl.com www.simskarr.com Roth IRAs Page 1 of 13, see
More informationWebinar Title Q&A the following questions were asked during the two
Webinar Title Q&A the following questions were asked during the two webinar sessions in (August, 2017) Q: At what time during the plan year, should we do the nondiscrimination test? A: The Section 125
More informationIRS Issues New HSA Plan Agreement Forms
Published Since 1984 ALSO IN THIS ISSUE IRS Form 5305-C, Page 2 Preliminary Tax Data IRA/Pension Statistics for 2010, Page 4 Participant Loans, Including IRAs, Page 6 HSA Statistics, Page 7 Preliminary
More informationMinnesota. Link to apply for an unemployment insurance (UI) tax account:
Minnesota How to apply for your tax accounts: Link to apply for an unemployment insurance (UI) tax account: https://www1.uimn.org/ui_employer/employer/login.do Link to apply for a withholding tax account:
More informationHow Do I Adjust My Tax Withholding?
Contents Department of the Treasury Internal Revenue Service What s New for 2011... 2 Reminder.... Publication 919 Introduction... 3 Cat. No. 63900P How Do I Adjust My Tax Withholding? Checking Your Withholding...
More informationWealthCare Administration System
WealthCare Administration System Employer Enrollment Manager Guide Enrollment manager is a powerful tool that provides employer users with increased management and oversight of their enrollment process.
More informationInstructions for Forms W-2 and W-3
2006 Instructions for Forms W-2 and W-3 Wage and Tax Statement and Transmittal of Wage and Tax Statements Section references are to the Internal Revenue Code unless otherwise noted. Department of the Treasury
More informationAcquisition or Abandonment of Secured Property
Attention! This form is provided for informational purposes and should not be reproduced on personal computer printers by individual taxpayers for filing. The printed version of this form is a "machine
More information2014 Year End Newsletter
2014 Year End Newsletter Dear Client: Please read this year-end newsletter carefully and keep it available for reference. It contains important information to help you prepare and plan for the busy months
More informationSUPPLEMENTAL GUIDELINES FOR PREPARING 2018 FORM W-2
SUPPLEMENTAL GUIDELINES FOR PREPARING 2018 FORM W-2 Suspension of exclusion for qualified moving expense reimbursements: Effective for tax years 2018 through 2025, the exclusion for qualified moving expense
More informationAn IRA custodian wants to see its IRA deposits grow. Here are some suggestions.
Published Since 1984 ALSO IN THIS ISSUE Reminder Upcoming Reporting Deadline, Page 2 Tis the Season for Withdrawing Current-Year Contributions and Recharacterizing a Contribution, Page 2 Special Explanation
More informationAdditional information about the printing of these specialized tax forms can be found in IRS Publications 1141, 1167, 1179, and other IRS resources.
Attention: This form is provided for informational purposes and should not be reproduced on personal computer printers by individual taxpayers for filing. The printed version of this form is designed as
More informationSUPPLEMENTAL GUIDELINES FOR PREPARING 2015 FORM W-2
SUPPLEMENTAL GUIDELINES FOR PREPARING 2015 FORM W-2 PART A: NON-CASH COMPENSATION INCLUDABLE IN WAGES (BO 1) AUTOMOBILE COMPENSATION An employee's personal use of an employer provided vehicle is taxable
More informationStudent's Guide to Federal Income Tax
Publication 4 Cat. No. 46073X Department of the Treasury Internal Revenue Service Student's Guide to Federal Income Tax For use in preparing 1998 Returns Contents Introduction... 2 Where Do My Tax Dollars
More informationForm1040-ES/V (OCR) Department of the Treasury Internal Revenue Service
Form1040-ES/V (OCR) Department Treasury Internal Revenue Service Purpose of This Package Use this package to figure and pay your estimated tax. If you are not required to make estimated tax payments for
More informationForm 1040X. Preparing Form 1040X Kristy S. Maitre, Tax Specialist Center for Agricultural Law and Taxation
Preparing Form 1040X Kristy S. Maitre, Tax Specialist Center for Agricultural Law and Taxation What is New with the Form1040X? December 2014 Line 6 has been to allow a list of multiple methods to figure
More informationMARATHON FINANCIAL ACCOUNTING END OF CALENDAR YEAR
The following instructions will guide you through the end of a calendar year process. This process includes steps for W-2 Forms, Electronic W-2 Filing, Clear Calendar Year to Date Totals, Tax Table updates
More informationLaw Office Of Keith R. Miles, LLC July 28, 2015
Law Office Of Keith R. Miles, LLC Keith Miles Attorney-at-Law 2250 Oak Road PO Box 430 Snellville, GA 30078 678-666-0618 keithmiles@timetoestateplan.com www.timetoestateplan.com Traditional IRAs Page 1
More informationAttention: See IRS Publications 1141, 1167, 1179 and other IRS resources for information about printing these tax forms.
Attention: This form is provided for informational purposes only. Copy A appears in red, similar to the official IRS form. Do not file copy A downloaded from this website. The official printed version
More informationENTERING AUTOMOBILE FRINGE IN A SEPARATE PAYROLL: EMPLOYEE PAYING TAXES
ENTERING AUTOMOBILE FRINGE IN A SEPARATE PAYROLL: EMPLOYEE PAYING TAXES When calculating automobile fringe, you have the option to do so in a payroll cycle separate from your normal payroll. If you choose
More informationCreating a Rolling Income Statement
Creating a Rolling Income Statement This is a demonstration on how to create an Income Statement that will always return the current month s data as well as the prior 12 months data. The report will be
More informationBenefits (ESS): Make Benefit Elections
Using BearTrax All Employees Introduction Purpose: The purpose of this task is for you to manage, change and/or submit your benefit elections using BearTrax. To request a password, you ll email beartrax@shawnee.edu.
More informationHealthcare Reform Demystified: The Tax and Regulatory Impact of the New Healthcare Law and What You Need to Know! July 28, 2010
Healthcare Reform Demystified: The Tax and Regulatory Impact of the New Healthcare Law and What You Need to Know! July 28, 2010 Dr. Bob Graboyes, NFIB Senior Healthcare Advisor Bill Rys, NFIB Tax Counsel
More informationCaution: DRAFT NOT FOR FILING
Caution: DRAFT NOT FOR FILING This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information as a courtesy. Do not file draft forms. Also,
More informationUniversal Individual Retirement Account
December 30, 2017 Universal Individual Retirement Account Baron Asset Fund Baron Discovery Fund Baron Durable Advantage Fund Baron Emerging Markets Fund Baron Energy and Resources Fund Baron Fifth Avenue
More informationExpanded Evolution ACA User Guide. Evolution. payrollexperts.com
Expanded Evolution ACA User Guide Evolution 2017 payrollexperts.com 877.536.1907 Payroll Experts - Evolution 2017 ACA User s Guide Table of Contents Affordable Care Act - Employer Responsibilities Overview...
More informationT4032-QC, Payroll Deductions Tables EI, and income tax deductions Quebec Effective January 1, 2018
T4032-QC, Payroll Deductions Tables EI, and income tax deductions Quebec Effective January 1, 2018 T4032-QC(E) What s new as of January 1, 2018 The major changes made to this guide since the last edition
More informationProceeds From Broker and Barter Exchange Transactions
Attention! This form is provided for informational purposes and should not be reproduced on personal computer printers by individual taxpayers for filing. The printed version of this form is a "machine
More information2018 Publication 4012, VITA/TCE Resource Guide
2018 Publication 4012, VITA/TCE Resource Guide Publication 4012 B-4 In the second text box, in the left margin of the page, change Line 21 to: B-7A Schedule 1 Make a pen/ink change in Publication 4012.
More information2018 IRS ACA Reporting Completing Your Confirmation Page
Revised Oct. 23, 2018 2018 IRS ACA Reporting Completing Your Confirmation Page SB-25770-XXXX Need Help? You are welcome to call your consultant with any questions at 800-654-8489 and their extension: Kim
More informationUsing TriNet s Open Enrollment Wizard: Step-by-Step Instructions
Using TriNet s Open Enrollment Wizard: Step-by-Step Instructions Enrolling online is fast and easy. Need a guide? These steps will walk you through the Open Enrollment wizard. Getting There: Entering the
More informationConfirm Your Reporting Options Page 2. Communicating with Your Data Processor Page 2. Transmission Receipt Deadlines Page 2. Deadlines Alert Page 3
Tax Year 2017 Transmission Requirements for Fully-Administered Clients April and May 5498 Reporting This communication provides your financial organization with information about the transmission requirements
More informationTax tables for the state of Connecticut*
Tax tables for the state of Connecticut* To enter state tax tables: 1. From the Main Menu, choose Payroll, Maintenance, Tax Tables, State. 2. If the record already exists, switch to Modify Mode and select
More informationCaution: DRAFT NOT FOR FILING
Caution: DRAFT NOT FOR FILING This is an early release draft of an IRS tax form, instructions, or publication, which the IRS is providing for your information as a courtesy. Do not file draft forms. Also,
More informationEight Simple Steps for Balancing your Checkbook
If Transactions Don t Match Check for one of three errors: 1. The item was recorded incorrectly in your checkbook register, 2. The item paid or was credited to your account for the wrong amount, or 3.
More information7th Grade. Relating Fractions, Decimals & Percents. Slide 1 / 157 Slide 2 / 157. Slide 3 / 157. Slide 4 / 157. Slide 6 / 157. Slide 5 / 157.
Slide 1 / 157 Slide 2 / 157 7th Grade Percents 2015-11-30 www.njctl.org Slide 3 / 157 Table of Contents Slide 4 / 157 Click on the topic to go to that section Relating Fractions, Decimals and Percents
More informationCompanion Policy CP to National Instrument Mutual Fund Prospectus Disclosure. Table of Contents
Companion Policy 81-101CP to National Instrument 81-101 Mutual Fund Prospectus Disclosure Table of Contents PART PART 1 PART 2 PART 3 PART 4 PART 4.1 PART 5 PART 6 TITLE PURPOSE OF THE COMPANION POLICY
More informationReading tax tables: Percentage method for withholding
Reading tax tables: Percentage method for withholding NAME: This worksheet is designed to show you how to read the tax tables needed for figuring the amount of federal tax to withhold from a paycheck,
More informationThe Small Business Health Options Program (SHOP) SHOP QUOTING TOOL INSTRUCTIONS
The Small Business Health Options Program (SHOP) SHOP QUOTING TOOL INSTRUCTIONS Table of Contents What is Maryland s SHOP Quoting Tool? What do I need to use this SHOP Quoting Tool? CENSUS WORKSHEET (1
More informationEasyPayNet SM Additional Wage Information
EasyPayNet SM Additional Wage Information ADP and the ADP logo are registered trademarks, and EasyPay and EasyPayNet, and In the Business of Your Success are service marks of ADP, Inc. All other trademarks
More informationEMPLOYEE BENEFITS ALERT
2009 ECONOMIC STIMULUS ACT INTRODUCES COBRA PREMIUM SUBSIDY FOR INVOLUNTARILY TERMINATED EMPLOYEES The American Recovery and Reinvestment Act of 2009 (often referred to as the Economic Stimulus Act ) introduces
More informationRetirement Income: IRAs and Pensions. Pub 4491 Part 3 Pub 4012 Tab D
Retirement Income: IRAs and Pensions Pub 4491 Part 3 Pub 4012 Tab D Types of Retirement Income Individual Retirement Arrangement (IRA) Distributions Pensions Annuities Social Security (covered in a separate
More informationRobert A Cowen Certified Public Accountant year end Tax planning for individuals
Robert A Cowen Certified Public Accountant 2017 year end Tax planning for individuals The end of the year is just a month away. It is good time to start to think about year-end planning. If you have been
More informationVITA/TCE Training. Preparing a Return in Practice Lab
The National Tax Training Committee has modified this manual to more accurately reflect Tax-Aide policies and scope and to clarify instructions that relate to Practice Lab versus the desktop version of
More informationExample Two: Retired Minister
Example Two: Retired Minister Form 1040 Rev. William K. Green is a retired minister. He is 69 years old. He is married to Sarah J. Green. She is 65 years old and is also retired. For 2010, Rev. Green received
More informationAdditional Medicare Tax User Guide for QuickBooks
Additional Medicare Tax User Guide for QuickBooks Beginning tax year 2013, a new Additional Medicare Tax (a provision of the Affordable Care Act) of 0.9 percent applies to individuals Medicare taxable
More informationIRS FORM W-2. Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps.
IRS FORM W-2 Instructions: Select any any line or box for IRS instructions and QuickBooks information and troubleshooting steps. Select to get back to the main form. For more information see: Form W-2:
More information