Tax Withholding

In a joint letter to the U.S. Treasury and IRS, the National Payroll Reporting Consortium (NPRC) and American Payroll Association (APA) offered help to both government agencies by listing some priorities the NPRC and APA believe should be considered regarding guidance for President Trump's recent memorandum deferring...

There is a new Form 1099-NEC, Nonemployee Compensation for business taxpayers who pay or receive nonemployee compensation. Starting in tax year 2020, payers must complete this form to report any payment of $600 or more to a payee. Generally, payers must file Form 1099-NEC by January 31....