Arnie
I plan on listening to the forum to day at 10 / was it worth your time?
Thanks,
Cris
From: taxchat@yahoogroups.com [mailto:taxchat@yahoogroups.com] On Behalf Of Arnold M. Socol
Sent: Tuesday, December 09, 2008 8:47 AM
To: taxchat@yahoogroups.com
Subject: [taxchat] RE - Employment Tax Adjustments, T.D. 9405
I just listened to an IRS Phone Forum on the *****New Rules for reporting Employment Tax adjustments. Basically form 941c will be eliminated after the year end to be replaced by new X- Forms, 941X, 943X, 944X, 945X and CT-1X. There will be an interest free period under statute of limitations and a 90 day rule, if corrected within this period and before iRS assessments. Included in the interest free period are employee misclassifications, ie self employeds that should have been employees.
Arnie Socol
President
Ways & Means, Inc.
845-562-6070
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IRS Circular 230 Disclosure: Unless expressly stated otherwise in this transmission, any tax advice contained herein, forwarded with or attached to this message was not and is not intended to be used, nor may it be relied upon or used, by any taxpayer for the purpose of (1) the avoidance of any tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions, or (2) promoting, marketing or recommending to another party any tax transaction or tax-related matters that may be addressed herein.
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