Payroll Today

Exactly one week after you filed your W-2s with the Social Security Administration, the IRS clarified that employers’ moving expense reimbursements didn’t need to be reported on employees’ W-2s in Box 12, with Code P.
What does the shutdown mean for all the paperwork that’s piled up and all the audits that were put on hold during the shutdown?
It’s time for our annual humor column. This year, we’ve roamed far and wide.
There are bunches of things the IRS can’t do right now. And if you need these services, you should adjust your expectations accordingly.

Here’s help with your W-2s

January 15, 2019

The work environment has become much more complicated, which means that W-2s are complicated, too. To help you along with your W-2 travails, we’ve created what we think is a pretty typical scenario and completed a W-2.
Now that it’s W-2 time, you should anticipate that someone somewhere is trying to get your data. Let’s take a look at how the tax scam landscape is shaping up this W-2 filing season.
W-2s must be provided to employees by the end of the month and must be filed with the Social Security Administration by the end of the month, too. In light of this time crunch, we’ve prepared messaging templates for you to use in interacting with employees this month.
As you fight your way into the mall parking lot, consider that mall stores (and you, too, if employees drive to work and park in a lot at your office building) must now, thanks to the Tax Cuts and Jobs Act, figure the cost of employer-provided parking so it can be disallowed on their corporate returns. We say humbug!
The IRS has released the 2019 Notice 1036, which contains the official 2019 withholding allowance amounts, and the 2019 Form W-4, which—as promised—doesn’t vary much from all the W-4s you’ve ever known.
Timing has not been the IRS’ strong suit lately. It’s waited until December to release key 2018 payroll guidance. Not to mention that time is ticking down on the 2019 W-4 and the percentage method withholding tables. The threat of a government shutdown is also looming.