Employers must file Form W-2 and other wage statements by Monday, Feb. 1, 2021. This is also the date Form W-2s are due to employees. By law, employers are required to file copies of their Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements, with the [...]

When people get ready to file their federal tax returns there are new things to consider when it comes to which credits to claim and what deductions to take. These things can affect the size of any refund the taxpayer may receive. Here are some new key things people should consider [...]

As the holiday season winds down it may be time to address taxes even though it's not as exciting. To help the Internal Revenue Service encourages taxpayers to take necessary actions now to help file federal tax returns timely and accurately in 2021. These are some reminders to help taxpayers [...]

As the pandemic rages on safety and social distancing, along with virtual options, will be the emphasis now and for the upcoming tax season as the Internal Revenue Service seeks volunteers to provide free tax return preparation through its Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs. [...]

The Internal Revenue Service issued Notice 2020-86 PDF addressing certain provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) affecting safe harbor plans, including safe harbor 401(k) plans and certain 403(b) plans. Safe Harbor Plan A safe harbor 401(k) plan is similar to a traditional 401(k) [...]

The Internal Revenue Service is reminding employers they must file Form W-2 and other wage statements by Feb. 1, 2021, to avoid penalties and help the IRS prevent fraud. A 2015 law made it a permanent requirement that employers file copies of their Form W-2, Wage and Tax Statements, and Form W-3, [...]