


The New Form W-4: What Does it Mean for Employers?
On May 31, the IRS released a draft of its new IRS Draft W-4. The IRS drafted the new Form W-4 to enable the Form W-4 to align with the Tax Cuts and Jobs Act of 2017 (“TCJA”). The current Form W-4 enables employees to inform their employers about exemptions that the...
The IRS is Cracking Down on Employment Tax Compliance Violations
The IRS is taking a more aggressive stance regarding employment tax compliance violations. Payroll tax compliance is a priority for the IRS. IRS Commissioner Chuck Rettig underscored the importance of payroll tax compliance when he stated that “payroll taxes...
Employers Beware: IRS Planning Major Overhaul of Form W-4
The tax and payroll communities are buzzing with news that the IRS is planning to overhaul Form W-4, Employee Withholding Allowance Certificate. This will be the first major change to the W-4 in a very long time. The anticipated update is a result of the grand...
Israeli Bank Mizrahi-Tefahot Admits to Helping US Taxpayers Conceal Income and Assets; Agrees to Pay $195 Million to U.S.
Israeli Bank Mizrahi-Tefahot Admits to Helping US Taxpayers Conceal Income and Assets; Agrees to Pay $195 Million to U.S.
