Payroll

New and Updated

• Type:

  Letters and Forms

  IRS Form 1042-S and Instructions, Foreign Person's US Source Income Subject to Withholding

  As mandated by the Internal Revenue Service, every withholding agent who has control, custody, or receipt of amounts subject to withholding files Form 1042-S, Foreign Person's U.S. Source Income Subject to Withholding on an annual basis.

• Type:

  FAQs

  Does an employer have to report independent contractors as new hires?

• Type:

  FAQs

  Does a transportation fringe benefit plan need to be in writing?

• Type:

  FAQs

  If an employer has employees in more than one state, does the employer have to report each new hire to every one of those states?

• Type:

  FAQs

  When is educational assistance for graduate courses taxable wages?

• Type:

  FAQs

  May an employer provide tax-free transportation benefits to all employees?

• Type:

  FAQs

  May an employer provide transportation benefits under a salary reduction plan?

• Type:

  FAQs

  May an employer provide transportation benefits using smartcards, debit or credit cards, or other electronic means?

• Type:

  FAQs

  Do any states require new hire reporting?

• Type:

  Letters and Forms

  IRS Form W-2c, Form W-3c, Corrected Wage and Tax Statement and Transmittal Form

  As mandated by the Internal Revenue Service, employers that must correct a previously filed Form W-2 must file Form W-2c, Corrected Wage and Tax Statement, with the Social Security Administration.