December 15, 1992
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
- 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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