What Household Employers Need to Know About the New Form W-4
The IRS has issued a new Form W-4 to determine how much income tax to withhold from an employee’s paycheck. Here’s what household employers need to know.
The IRS has issued a new Form W-4 to determine how much income tax to withhold from an employee’s paycheck. Here’s what household employers need to know.
The Social Security Administration is mailing notifications to employers who submitted Form W-2 that had mismatched employee information. Don’t ignore this letter! Take these steps to avoid future fines and penalties.
Billions of dollars in tax revenue is lost each year in unpaid “nanny taxes.” The IRS is taking notice of the nanny tax compliance issue and could be putting household employers on alert.
If you withhold income taxes from your domestic employee’s pay, encourage them to use the IRS’ withholding calculator and updated W-4 form to make sure they have the right amount of tax taken out of their paychecks.
The IRS wants to allow truncated Taxpayer Identification Numbers on Form W-2 to hide an individual’s Social Security Number from identity thieves.