Quarterly W-2 Reporting in 2011?
by TedThe President’s 2011 Budget proposes to restructure the Federal wage reporting process by reverting to quarterly wage reporting. Currently, wages are reported to the Federal Government once a year. Increasing the timeliness of wage reporting would enhance tax administration, improve program integrity for a range of programs, and facilitate implementation of automatic workplace pensions. The Administration will work with the States so that the overall reporting burden on employers is not increased.
Note this is only a proposal but this sounds like the burden would be passed on to the payroll professional once again.
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