IRS Issues Draft of New Form W4

As expected, the IRS has published a draft of a radically revised Form W-4, Employee’s Withholding Allowance Certificate. The agency emphasizes this is just a preliminary version, and until further notice, everyone should continue to use the current version....

IRS Issues Draft of New Form W-4

As expected, the IRS has published a draft of a radically revised Form W-4, Employee’s Withholding Allowance Certificate. The agency emphasizes this is just a preliminary version, and until further notice, everyone should continue to use the current version....

Proper Reporting for QSEHRA Benefits

Introduced in 2017 via the 21st Century Cures Act, the QSEHRA is an employer-funded health benefit that enables tax-free reimbursements. Only small employers with fewer than 50 full-time employees and those who do not otherwise provide a group health plan can offer a...

Which Employees Are Exempt From Tax Withholding?

Tax withholding is a seemingly inevitable part of working, but there are exceptions, as shown by the following information about employees exempt from withholding.Student employeesGenerally, individuals employed by a school, college or university where they are also...