Title: File Form 941 Description: File Form 941 for the second quarter of 2012 if you timely deposited all required payments. Date: 2012-08-10
Title: 2012 W-4s are due to Employers Description: Last day for employees to file Form W-4 to continue exemption from withholding in current year. Employers should begin withholding on wages of any employee who claimed an exemption from withholding in prior year but failed to submit a current year exempt Date: 2012-02-15
You’ve probably heard that the IRS has undertaken a new initiative to make sure workers are properly classified as either independent contractors or employees. At issue is the collection of payroll taxes, including FICA taxes (social security and Medicare), which are generally required to be withheld from wages by law.
Unlike leopard spots and tiger stripes, tax credits do change. And, in the federal tax equivalent of spots and stripes, some even change from non-refundable to refundable.
If you expect a large tax refund this year, or if you’ve already received one, chances are you’re happy. But why give the government an interest-free loan?