Last Week in Payroll: Backup Withholding
ThomsonReuters
JULY 13, 2021
BWH’s purpose is to make sure the federal government is able to collect tax on all appropriate income, particularly income not usually subject to withholding. Now let’s take a look at some of the more important payroll stories from the past week. The IRS’s most recent estimate of the tax gap was $441 billion. Federal News.
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