FEDERAL UPDATES

    Federal Headlines:

    • IRS Postpones Form W-4 Major Changes Until 2020.  The IRS will release a new draft version of the 2019 Form W-4 in the coming weeks, this form is expected to be similar to the 2018 Form W-4.  Major changes to Form W-4 have been postponed until 2020.  See the IRS website for more information. 

    • IRS Releases Revised Publication 1494.  The revised publication updates several incorrect exemption amounts.  Click here to view the updated publication.

    • IRS Rules on 2017 Moving Expenses Paid in 2018.  The IRS announced that employer reimbursements made in 2018 for employee’s qualified moving expenses incurred before January 1, 2018 can be excluded from employee’s wages, for income and employment tax purposes.  Click here for more information.

    • IRS Updates Tax Deposit Publication for 2019.  Notice 931 has been updated by the IRS with the 2019 tax deposit rules.  The lookback period, employer tax liability limits, as well as adjustments are all part of the changes included in the publication.  Click here to read the publication.

    • IRS Issues Guidance on Filing 2018 Forms 1099-MISC with Nonemployee Compensation.  The IRS states that any employers filing Forms 1099-MISC after January 31, 2019 with nonemployee compensation should file them in separate transmission from any Forms 1099-MISC without nonemployee compensation.  Otherwise the employer may be subject to penalties.  Click here to read more.

    • IRS Makes Changes to “High-Low” Per Diem Rates Beginning in October 2018.  The IRS has updated the “high-low” per diem rates to be used for lodging, meal and incidental expenses that are paid to an employee on or after October 1, 2018.  Click here to read more.

    • IRS News releases - current month

     

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