by Michele Weiss | Apr 27, 2020 | COVID-19, Internal Revenue Service
On July 15, 2020, taxpayers will be faced with the trifecta of the due dates for their federal tax reporting and payment obligations for 2019 and the first and second quarters of 2020. In response to the COVID-19 crisis, the IRS provided tax relief in the form of an... 
by Michele Weiss | Apr 27, 2020 | COVID-19, Franchise Tax Board
In response to the COVID-19 crisis, the California Franchise Tax Board (“FTB”) has followed the IRS’ lead and given taxpayers penalty-free extensions to July 15, 2020 to file and pay their California tax obligations for 2019 and for the first two quarters of 2020.... 
by Michele Weiss | Jun 21, 2019 | Employment Tax, Internal Revenue Service, Tax Collection
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... 
by Michele Weiss | May 10, 2019 | Employment Tax, Internal Revenue Service
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... 
by Michele Weiss | Apr 19, 2019 | Employment Tax, Internal Revenue Service
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...