The Internal Revenue Service (IRS) has released the final version of the new 2020 Form W-4, retitled Employee’s Withholding Certificate, with major revisions designed to make accurate income-tax withholding easier for employees starting next calendar year. In addition, the agency has also launched a new online spreadsheet tool (the Income Tax Withholding Assistant for Employers)…
Read More »Almost in concert with the proposed Congressional fixes to the TCJA (above), the Internal Revenue Service this week released 439 pages of proposed regulations that in large part address other issues and changes inherent in TCJA passage. Primary amongst them for our readers, the proposed regulations clarify a key provision in the TCJA that limited…
Read More »We knew it was going to happen at some point, but now the state of Ohio has become the first state in the nation to officially offer businesses the option of paying their taxes using Bitcoin. Starting Monday, businesses in Ohio can make their sales and withholding tax payments through OhioCrypto.com, a state-controlled site that…
Read More »In the wake of the Tax Cuts and Jobs Act being signed into law by President Trump just before Christmas, the Internal Revenue Service (IRS) recalculated the amounts that employers should withhold from employee paychecks for tax obligations. The IRS guidance on the new withholdings was issued the week before last and employers should use…
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