One of these requirements is for applicable employers to file 1095-Cs with the IRS, and each year usually brings changes and revised instructions for filing.
Most employers try to be diligent about ensuring the accuracy and validity of their employee's personal data, especially items such as names, birth-dates and social security numbers. But mistakes can happen and, unfortunately, so can intentional fraudulent actions on the part of some employees.
Topics: social security number, IRS, agricutural payroll, identity fraud, SSA
What is probably one of the most discussed and misunderstood aspects of the Act is the 20 percent deduction on qualified business income. While there a large number of items and changes in the TCJA, this particular deduction has caused both anticipation and consternation because of the language in the law.
Topics: small business, IRS, tax forms, tax reporting, income tax reporting
Topics: payroll tax filing, IRS, income tax reporting, disabilities
It would take a much longer post than this to cover all of the IRS changes and updates for the tax year, which is why payroll tax filing compliance requires a large degree of due diligence for businesses. However, some changes and new items warrant special note.
Topics: payroll tax filing, HR compliance, IRS, tax forms, tax reporting