Monthly Archives: April 2011

Some Payroll Tax Deadlines Extended to April 18th

Posted on April 6, 2011 by Linda Silva

The IRS has extended the deadline for all tax forms and payments that would normally be due on Friday, April 15, 2011 until Monday, April 18, because April 15 (Emancipation Day) is a legal holiday in the District of Columbia…

Tagged with: IRS, Payroll, withholding
Posted in Payroll

Changes in 941 and W-2 Forms

Posted on April 6, 2011 by Linda Silva

To reflect changes in the employee rate for social security and the elimination of advance payment of the Earned Income Credit*, there have been big changes to form 941, Employer’s QUARTERLY Federal Tax Return. Form W-2, Wage and Tax Statement, now includes a new code for reporting designated Roth contributions under a governmental section 457(b) plan.

But the IRS will no longer send you forms or instructions in the mail.

Tagged with: employee, form W-2, income, IRS, Payroll, social security, withholding
Posted in Tax Articles, Tips & Tricks

President Expected to Sign Bill Repealing Expanded 1099 Requirements

Posted on April 6, 2011 by Linda Silva

On April 5, the Senate approved H.R. 4 by a vote of 87-12. The new law will effectively revert reporting to the requirements in place before enactment of PPACA and the Small Business Jobs Act of 2010. H.R. 4, the…

Tagged with: bookkeeping, corporations, form 1099, income, IRS, small business
Posted in Tax Articles