Hey Compliance Warriors!
Today the IRS issued their e-News for Payroll Professionals, Issue Number: 2022-03, containing some interesting articles.
Check it out!
1. IRS updates FAQs on tax credits for paid leave
Fact sheet 2022-16 updates frequently asked questions (FAQs) for the Tax Credits for Paid Leave Under the Families First Coronavirus Response Act for leave prior to April 1, 2021.
These FAQs additions are as follows:
- New — Tax credits for paid leave under the Families First Coronavirus Response Act for leave prior to April 1, 2021: Special issues for employers: Other issues: Q54g
- New — Tax credits for paid leave under the Families First Coronavirus Response Act for leave prior to April 1, 2021: Specific provisions related to self-employed individuals: Q65c
2. The IRS is hiring: Start a new career
The IRS is looking to fill more than 5,000 positions in its processing centers in Austin, Texas; Kansas City, Missouri; and Ogden, Utah as part of a larger hiring effort underway in the next several months.
Like many other federal agencies and companies around the country, the pandemic created challenges for IRS operations, and the IRS is working to ensure they have the resources needed to provide better service to taxpayers.
These positions include many entry-level clerk and tax examiner jobs, as well as positions for those pursuing careers in:
- Accounting and tax administration
- Business administration
- Criminal investigation
- Customer service
- Information technology
- Law, and more
Payroll professionals, please share the following IRS job opportunity information with your clients, employees or anyone interested in a starting a career with the IRS:
3. Other tax news
The following information may be of interest to individuals and groups in or related to payroll professionals:
- IRS has $1.5 billion in refunds for people who have not filed a 2018 federal income tax return; April deadline approaches
- Taxpayer Experience Office formally established to improve service across the IRS
- IRS provides more forms, letters and publications in multilingual and alternative formats: Spanish Braille now available
- IRS highlights importance of Child and Dependent Care Credit; can help families, others
- IRS unveils voice and chat bots to assist taxpayers with simple collection questions and tasks; provides faster service, reduced wait times
- IRS Spotlights Criminal Investigation Law Enforcement
- IRS reminds taxpayers they must check a box on Form 1040, 1040-SR or 1040-NR on virtual currency transactions for 2021
4. New forms, instructions and publications on IRS.gov
Forms
- Form 941, Employ’s Quarterly Federal Tax Return
- Form 941 (PR), Planilla para la Declaración Federal TRIMESTRAL del Patrono
- Form 941 (Schedule R), Allocation Schedule for Aggregate Form 941 Filers
- Form 941 (SS), Employer’s QUARTERLY Federal Tax Return – American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands
- Form 943-X (PR), Ajuste a la Declaración Federal Anual del Patrono de Empleados Agrícolas o Reclamación de Reembolso
Instructions
- Inst 941, Employer’s Quarterly Federal Tax Return
- Inst 941 (PR), Planilla para la Declaración Federal TRIMESTRAL del Patrono
- Inst 941 (PR) (Schedule B), Registro de la Obligación Contributiva para los Depositantes de Itinerario Bisemanal
- Inst 941 (Schedule B), Report of Tax Liability for Semiweekly Schedule Depositors
- Inst 941 (Schedule R), Allocation Schedule for Aggregate Form 941 Filers
- Inst 941-SS, Employer’s QUARTERLY Federal Tax Return – American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands
- Inst 943-X, Adjusted Employer’s Annual Federal Tax Return for Agricultural Employees or Claim for Refund
- Inst W-2 and W-3, (Including Forms W-2AS, W-2CM, W-2GU, W-2VI, W-3SS, W-2c, and W-3c)
Publications
Be Audit-Secure™
