IRS Issues Form 941 Filing Guidance
02 February, 2015
Estimated time to read: 1 minute, 15 seconds
In order to reduce the burden on employers to file and report on the retroactive increased exclusion for 2014 transit benefits ($130 to $250), the IRS released Notice 2015-2 that explains how employers can correct FICA tax overpayments and report proper amounts on Forms 941 and the W-2. Althou...