Bloomberg Tax
Nov. 21, 2019, 5:35 PM

IRS Advisory Group Backs Employer Help in Filling Out 2020 W-4

Michael Trimarchi
Michael Trimarchi

Requirements for all employees to submit a new federal income-withholding form by October 2020 and for employers to assist workers with this process were among the recommendations made Nov. 20 to the Internal Revenue Service by the agency’s advisory council.

The Internal Revenue Service Advisory Council, in its 2019 report to the IRS, also recommended that guidance for on-demand pay services be developed as soon as possible.

Clarifying 2020 Form W-4

With a new Form W-4, Employee’s Withholding Certificate, required starting in 2020, the IRS has published early drafts of the form as well as new instructions in Publication ...

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