IRS News for March 2012

Attached is the IRS News for March 2012, along with a flyer for an upcoming webinar:
Click to download this Word .doc file: 2012_03_Mar_IRS_NEWS FOR_PERSONNEL_and_HR

Here are some additional items from irs.gov:

Payroll Tax Cut Extended to the End of 2012

The IRS released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut benefiting 160 million workers.

Vow to Hire Heroes Act

Recent legislation adds two new categories and makes the Work Opportunity Tax Credit available to qualified tax-exempt organizations that hire qualified veterans who begin work before Jan. 1, 2013.

New on IRS.gov

FAQs about Form 940 and Form 940 Schedule A are now available.

Upcoming phone forum from Employee Plans

IRS is offering a free phone forum, Governmental Plan Proposed Guidance, on  May 15.

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