The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

If you’re an employee, Form W-2 is one of the most important forms you’ll receive at tax time. It includes information about the income and benefits you received during the tax year, so you’ll need it ...

The U.S. Department of the Treasury and Internal Revenue Service announced penalty relief Monday for employers and payors ...

With tax season just getting started—the season officially opens on Jan. 29, 2024—you've likely received several tax reporting forms already, or they are on their way. Here's what you need to know ...

An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...

Employers complete form W-2 annually to report employee earnings and tax withholdings. Employees complete form W-4 when starting a new job to tell employers how much to withhold from their paychecks.

On March 29, 2011, the Internal Revenue Service (“IRS”) released Notice 2011-28, which provides guidance to employers on the requirement under the Affordable Care Act (the “Act”) to report the cost of ...

Companies required to use “box 11” of Form W-2 in 2023 to report either payments of nonqualified deferred compensation (deferred compensation) or FICA taxation of unpaid deferred compensation may soon ...

Notice 2025-62 PDF provides penalty relief from the new information reporting requirements for cash tips and qualified ...