Important News Regarding New Forms, New Legislation, And New Compliance Requirements - IRS Rules Lower W2 Electronic Filing Threshold - General Instructions for 2022 W-4 For Employees - Employee Retention Credit Ends Early - New Employee Withholding Certificate for 2022 For Colorado - Illinois Labor Department Issues Press Release on Pay Data Reporting
The IRS proposed regulations amending the rules for filing electronically that reduces the threshold for filing W-2s. The Taxpayer First Act proposes wide-sweeping changes in an effort to modernize the IRS and improve the efficiency of the taxpayer experience when filing taxes. This is further evidence of the government’s commitment to e-filing. Electronic filing makes processing returns much easier for the IRS.
The Taxpayer First Act reduces the threshold that triggers the electronic filing requirement for the combined filing of most information returns to the IRS, including Forms W-2, Wage, and Tax Statement, and the Form 1099 series.
eFiling your payroll reporting is very safe when submitting your payroll tax reports and payments. AATRIX software practices and has implemented the most secure processes in the industry to ensure your data is safe and secure. It's more secure than mailing a tax report or payment via snail mail as AATRIX efile data is specially encrypted for extra security.
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