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More Taxpayers Will Owe The IRS In April Due To Under-Withholding, Report Says

More Taxpayers Will Owe The IRS In April Due To Under-Withholding, Report Says

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More Americans will be writing a check to the IRS in April because their employers are not withholding enough from their paychecks following the new tax law, the Government Accountability Office says in a new report.Based on simulations run by the Treasury Department, the GAO says taxes for 30 mill ...
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IRS Creates ‘Paycheck Checkup’ Flyer

IRS Creates ‘Paycheck Checkup’ Flyer

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The IRS created a one-page flyer employers can give to employees to remind them to complete a Paycheck Checkup so they will not receive an unexpected tax bill or penalty at tax time .The publication reminds employees to use the IRS’s withholding calculator to complete the Payche ...
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New York Tax Department Issues Guidance on New Employer Compensation Expense Tax

New York Tax Department Issues Guidance on New Employer Compensation Expense Tax

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The New York Department of Taxation and Finance (DTF) has issued guidance on the new Employer Compensation Expense Tax (ECET) .The ECET was enacted earlier this year in response to federal tax reform. It is an optional, employer-paid tax that is being phased in over three years: 1. ...
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