[taxchat] RE - Employment Tax Adjustments, T.D. 9405

BEGIN:VCARD
VERSION:2.1
N:Socol;Arnie;;Pres.
FN:Arnie Socol
NICKNAME:Arnie
ORG:Ways & Means Inc.
TITLE:Pres
TEL;WORK;VOICE:845-562-6070
TEL;CELL;VOICE:845-978-0593
TEL;WORK;FAX:845-562-6273
ADR;WORK:;;815 Blooming Grove Tpke S202;New Windsor;NY;12553
LABEL;WORK;ENCODING=QUOTED-PRINTABLE:815 Blooming Grove Tpke S202=0D=0ANew Windsor, NY 12553
URL;WORK:http://www.waysandmeansonline.com
EMAIL;PREF;INTERNET:waymeans@verizon.net
REV:20081209T164713Z
END:VCARD

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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