Tax Help Newsletter for Employers

Over six million employers will soon receive the premier issue of the SSA/IRS REPORTER newsletter. A joint venture of the Internal Revenue Service (IRS) and the Social Security Administration (SSA), the newsletter is designed to keep employers up to date on changes to their tax and employee wage obligations.

Last summer, SSA tested the idea of a newsletter and found a receptive audience. The IRS is joining this effort now, resulting in the first issue of the SSA/IRS REPORTER. The REPORTER will be published bi-annually. The first issue will be sent to employers in January with their first quarter Form 941, Employer's Quarterly Federal Tax Return.

The January issue of the REPORTER includes information for employers on several topics:

• New payroll tax deposit rules

• SSA changes for 1993

• Advance earned income credit requests

• Common errors in wage reporting

• Automation of federal tax deposit (FTD) coupons

According to Shirley D. Peterson, Commissioner of Internal Revenue, the REPORTER is expected to become "a practical and valuable tool in keeping employers up-to-date on changes that affect them and, ultimately, their employees."

Louis D. Enoff, Acting Commissioner of Social Security, stated, "Employers are the key to the success of the Federal income tax system and the reporting of earnings information. Millions of American workers can be assured that their Social Security benefits will be correct, due to the on-going efforts of their employers."

Both Commissioners recognized that the complex rules, the recordkeeping procedures and dealing with multiple government agencies can be a burden for employers. Their combined efforts to help reduce this burden have produced the SSA/IRS REPORTER.

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