As background, changes made by the Tax Cuts and Jobs Act in 2017 required the IRS to revise the withholding tables and develop new forms to use to withhold taxes from periodic payments. As we near the ...

Employee's Withholding Certificate – used by employees to indicate federal tax withholding preferences. Additional instructions posted on the Manage Your Taxes and Tax Elections. Request for Taxpayer ...

Due to the Tax Cuts and Jobs Act, the Internal Revenue Service (IRS) has released a new federal Form W-4 Employee’s Withholding Certificate for tax year 2020. The new Form W-4 is significantly ...

In January 2022, the Internal Revenue Service (IRS) changed the withholding election rules applicable to distributions from pension plans (a term that includes 401(k) plans, money purchase pension ...

On Friday, President Trump signed the biggest federal tax overhaul in three decades, and readers, understandably, have lots of question about it. Today I’ll answer one about how it will affect payroll ...

Retirement plan sponsors need to utilize updated Form W-4P (for periodic pension and annuity payments) and new Form W-4R (for nonperiodic payments and eligible rollover distributions) for income tax ...