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Payroll & Employment Tax Industry Issues

Payroll & Employment Tax Industry Issues. Ensure Safety of Tax Funds Increase Electronic Filing Tax Refund Fraud Expand Electronic Services Facilitate Affordable Care Act Compliance verify tax payments. Safety of Tax Funds. Rev. Proc. 2012-32 now requires quarterly disclosure

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Payroll & Employment Tax Industry Issues

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  1. Payroll & Employment Tax Industry Issues • Ensure Safety of Tax Funds • Increase Electronic Filing • Tax Refund Fraud • Expand Electronic Services • Facilitate Affordable Care Act Compliance • verify tax payments.

  2. Safety of Tax Funds • Rev. Proc. 2012-32 now requires quarterly disclosure • Are all practitioners aware? • NPRC led industry trade associations to develop a voluntary disclosure program to remind taxpayers of their responsibility, and to suggest EFTPS to verify tax payments.

  3. Two-thirds of all Reporting Agents registered in the past six years • Of ~13,000 Active Reporting Agents: • 60% have fewer than 10 clients • 83% have under 40 clients • Only 1,000 have more than 100 clients • Only 100 have more than 1,000 clients

  4. Recommendations • Improve ability to enforce existing requirements • Correspond with RAs to reinforce requirements • Electronic filing • Client lists • Quarterly notices to clients • Establish rapid response teams to investigate warnings • Establish a protocol for employers that determine that tax funds have been diverted

  5. Payroll industry is the primary participant • Develop/promote 94X e-filing benefits for employers • How might a Free-file Alliance work for Employment Tax? • E-signature impediment • States’ experience e-file Expansion

  6. Tax Refund Fraud • Alternatives • Accelerate W-2 reporting • Expand voluntary early/direct filing approach • Increase W-2 electronic filing • Modify scheduling/staging to use available data earlier • Access NDNH for QWR and New Hire data • Not recommended • Shift filing to IRS directly (from SSA)

  7. Expand Electronic Services • Previously performed via Electronic Account Resolution • Move payments from one tax module to another • Penalty abatement request • Account hold requests • Possible Self-service applications • EIN-name verification • Enhance transcript requests • E.g., add wage and tax detail from current TDS transcripts • Transcript Delivery Service • Penalty research • Deposit due dates and dates of completed payments/deposits

  8. Expand Electronic Services • Self-service applications could be developed • Taxpayer Advocate Service escalation requests • Where’s My Amended Return? (status) • e-File and e-Pay Enhancements • e-filing of amended employment tax returns (e.g., 941-X) • e-payments on SSN level (e.g., tax levy amounts withheld from wages)

  9. Facilitate Affordable Care Act Compliance • Full-time employee determination • Affordability safe harbor measures • Reporting under Sections 6056 and 6055 • Statements to Taxpayers • Current Form-by-Form authorization for Electronic Statements is difficult at best

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