Now that W-2 season is over, what should payroll tax departments focus on?

May 2013

Overview

The first quarter of the year is generally a very busy time for payroll tax departments. For 2013, the challenges with the Fiscal Cliff legislative changes created additional work for many payroll departments requiring Forms W-2c (corrected wage and tax statement) to any employees impacted by the retroactive changes to the tax free limit for commuter transit benefits.

So, now that April 15th has passed, what should payroll tax departments focus on?


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