e-News for Payroll Professionals

Useful Links:

IRS.gov

Payroll Professionals
Tax Center

Employment Taxes

Reporting Agents File

Employment Tax Forms

Employment Tax Publications

Online Ordering

SSA/IRS Reporter

SSA - Employer Web Page

Taxpayer Advocate Service

Back to top

Issue Number:  2018-06

Inside This Issue

1. Tax Security 101 – Security Summit outlines ‘Security Six’ basic safeguards for tax professionals’ computers and email
2. Tax bill this year? Check withholding soon, avoid another one next year
3. Electronic Tax Administration Advisory Committee issues 2018 annual report
4. Veterans owed refunds for overpayments attributable to disability severance payments should file amended returns to claim tax refunds
5. IRS working on a new Form 1040 for 2019 tax season
6. YouTube video explains how employers can monitor employment tax deposits 
7. Draft forms and instructions on IRS.gov
8. New on IRS.gov

The IRS and the Security Summit partners outlined critical steps for tax professionals to protect their computers and email as well as safeguarding sensitive taxpayer data.

Back to Top

Taxpayers who owed additional tax when they filed their 2017 federal tax return earlier this year can avoid another unexpected tax bill next year by doing a “paycheck checkup” as soon as possible.

Back to Top

The Electronic Tax Administration Advisory Committee (ETAAC) released its annual report, featuring numerous recommendations on a range of issues in electronic tax administration.

Back to Top

The IRS is advising certain veterans who received disability severance payments after January 17, 1991, and included that payment as income, that they should file Form 1040X, Amended U.S. Individual Income Tax Return.

Back to Top

As part of a larger effort to help taxpayers, the IRS plans to streamline the Form 1040 into a shorter, simpler form for the 2019 tax season.

Back to Top

Many employers hire third-party payroll service providers to perform their payroll processing functions and tax-related duties, including making employment tax deposits.

Share this two-minute YouTube video, Monitoring your outsourced payroll duties on EFTPS, with clients and other interested parties. They’ll learn about:

• Using an EFTPS Inquiry PIN to monitor tax deposits
• The benefits of creating a separate EFTPS account
• Setting up EFTPS notifications

Back to Top

Forms:

• Form 944, Employer's Annual Federal Tax Return
• Form W-3, Transmittal of Wage and Tax Statements (Info Copy Only)
• Form W-3SS, Transmittal of Wage and Tax Statements (Info Copy Only)
• Form 941, Employer's Quarterly Federal Tax Return
• Form 8655, Reporting Agent Authorization

Instructions:

• Inst 944, Instructions for Form 944, Employer's Annual Federal Tax Return

Back to Top

Forms:

• Form 1096, Annual Summary and Transmittal of U.S. Information Returns (Info Copy Only)

Instructions:

• Inst 1099 General Instructions, General Instructions for Certain Information Returns (Forms 1097, 1098, 1099, 3921, 3922, 5498, and W-2G)

Pubs:

• Pub 4557, Safeguarding Taxpayer Data: A Guide for Your Business

Back to Top