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IRS releases new FAQs on Form W-2c

BMT Office Administration

The IRS has released a new round of FAQs in two fact sheets, both of which clarify the circumstances under which you must provide employees with Forms W-2c if you took the payroll credits for providing them with pandemic-related paid sick or family leave during 2020 and/or 2021. The new FAQ 98a reads like this.

Forms 52
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IRS fact sheet causes confusion around Form 941

BMT Office Administration

We admit we were thrown for a loop after reading the IRS’ latest fact sheets on reporting pandemic-related paid leave to employees on Form W-2c. This FAQ referenced paid leave taken under the American Rescue Plan, but the IRS came to the same conclusion for paid leave taken in 2020 or 2021. What Form 941 says.

Forms 52
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IRS releases details on how to withdraw ERC claims

BMT Office Administration

The IRS has kept its promise to provide relief to employers that filed Forms 941-X to claim the pandemic-era employee retention credit for which they aren’t eligible. 14, the day the IRS imposed a moratorium on processing Forms 941-X on which the credit is claimed, but who haven’t yet received their ERCs.

Fax 52
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IRS provides additional information on IRIS system

BMT Office Administration

IRIS’ next phase will include forms in the 1097 and 1098 series, 5498 series, and Forms 3921 and 3922. If you’re accustomed to e-filing Forms 1095-C through the IRS’ AIR system, Crawford has some news for you: The AIR user interface is XML-based, and IRIS isn’t and never will be. Your files will be saved to unsubmitted forms.

Filing 59