article thumbnail

??Tax Attorney Weighs In on Payroll Tax Provisions in FY 2024 Budget?

ThomsonReuters

Also, he clarified that the statutes of limitation relating to employment tax returns do not restart for purposes of IRS assessment when an amended return is filed. 3401(d)  purposes and be liable for the federal employment and income tax withholding. 31, 2025 the Work Opportunity Tax Credit under  Code Sec.

article thumbnail

Last Week in Payroll: Localization of Work

ThomsonReuters

The IRS has posted a June 2021 draft version of the Form 941 , Employer’s Quarterly Federal Tax Return, instructions that take into account the amended and expanded coronavirus (COVID-19) pandemic tax credits and the new COBRA premium assistance credit from the American Rescue Plan Act (ARPA). Federal News.

payroll 98