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U.S. Master Payroll Guide (2011)
This one-source resource to payroll is part of CCH's Master Series of professional guidebooks. You'll find everything you need to know about payroll from employers and their obligations to payroll withholding and tax deposits to payroll management and administration issues.
The IRS has issued Pub. 15, Employer's Tax Guide For use in 2009.
Changes to note
New employment tax adjustment and claim for refund process in 2009. When an error is discovered on a previously filed Form 941 or Form 944 after December 31, 2008, make the correction using new Form 941-X, Adjusted Employer’s QUARTERLY Federal Tax Return or Claim for Refund, or Form 944-X, Adjusted Employer’s ANNUAL Federal Tax Return or Claim for Refund. For errors discovered before January 1, 2009, taxpayers make corrections to Forms 941 and 944 using Form 941c that is filed with Form 941 or Form 944 or by requesting a claim for refund or abatement on Form 843. Forms 941-X and 944-X are standalone forms, meaning taxpayers can file them when an error is discovered, rather than wait until the end of the quarter or year to file Form 941c with Form 941 or 944. Lines 7d, 7e, 7f, and 7g will be deleted from Form 941 beginning with the first calendar quarter of 2009 and lines 6b, 6c, 6d, and 6e will be deleted from Form 944 for 2009. Adjustments previously made on those lines are now made on the new Forms 941-X and 944-X. Claims for refund or abatement previously made on Form 843 are now made on Forms 941-X and 944-X.
Credit card payments. Balances due on Form 943 and Form 945 may be paid by credit card. Do not use a credit card to make federal tax deposits.
Social Security Administration and magnetic media. Employers and authorized reporting agents requesting verification of names and social security numbers of between 51 and 250,000 employees can no longer use magnetic media to submit their requests to the Social Security Administration. Employers can upload a file through the Social Security Number Verification System (SSNVS) and will usually receive the results the next government business day.
Paid preparers. The paid preparer’s section is no longer optional and is included in Part 5 of Form 941 and Form 944.
Differential wage payments. Differential wage payments will be treated as wages, subject to income tax withholding, but not social security, Medicare, or FUTA taxes, beginning with wages paid after December 31, 2008. (IRS Pub. 15, Dec. 18, 2008.)
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