BUSINESS

Sign Showing Year Two Thousand And Seventeen

IRS Releases Statement on Withholding Under New Tax Law

Employers to Use 2017 Systems Pending New Guidance

The IRS is working to develop withholding guidance to implement the tax reform bill that was recently signed into law. According to a statement released by the agency, it expects to issue the new guidance in January, and employers and payroll service providers will be encouraged to implement the changes in February. In the meantime, these entities should continue to use the existing 2017 withholding tables and systems.

Click here to read the IRS statement in full.

RELATED POSTS

APPLIED RESOURCE INSURANCE SOLUTIONS
CONTACT US
We want to hear from you so please get in touch! One of our friendly representatives will reach out as soon as possible.
Thank You. We will contact you as soon as possible.