We can dramatically decrease your workload this time of year with our online W-2 solution. We help our clients stay compliant and on time with their IRS documentation. So contact us if you’d like to learn more.
Late Tuesday, Congress finally worked out a partial deal to avert the full impact of the fiscal cliff. With President Obama’s signature in place, the deal will make the Bush administration’s tax cuts for individuals earning less than $400,000 annually (and couples earning less than $450,000 annually) permanent. However, it will raise rates on those who make more than that.
In the 1990s, employers and individual taxpayers (medical residents) began filing FICA refund claims based on the position that medical residents are students eligible for the FICA tax exception under Internal Revenue Code section 3121 (b)(10). This is referred to as the “Student Exception."
Many of our clients charge for reissues. The costs range from $5 to $25 for a reprint. It is up to the client. Some charge for all forms or have current year forms free while historical forms have a cost.
As you take your first deep breath following the January W-2 rush, now is the perfect time to think about getting a system in place to avoid the same hectic year-end scramble for tax year 2012.
While many payroll and HR teams were racing to answer phone calls, track down documents, and reissue W-2s, our clients were enjoying a more productive, calmer start to their year.
January can be a real strain on payroll teams as staff rushes to keep up with the increased workload that accompanies year-end and preparation for tax season. Repeated phone calls like “How do I get a copy of my W-2?” and “I need to change something on my W-2″ can be time consuming, not to mention the actual work involved to make changes and mail out copies.