Treasury, IRS Sick Leave Wages Rule

Earlier in September, the US Department of the Treasury and the Internal Revenue Service issued updated guidance providing information for employers on how to report on Form W-2 the amount of qualified sick and family leave wages paid to employees for leave taken in 2021. Notice 2021-53 provides guidance under recent coronavirus legislation including the…

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Change Is In the Air, Even at IRS

No, it’s not Tax Reform – yet – but the Internal Revenue Service (IRS) has proposed obscuring employee social security numbers on their W-2 form. Under the proposal, the first five digits would be obscured or replaced with a symbol, while the last four digits would remain clear. According to the IRS, the goal is…

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