The Internal Revenue Service (IRS) has launched a new program to help employers avoid interest and penalty charges related to their payroll and employment tax obligations.
Under the new program, called the Early Interaction Initiative, the IRS will more closely monitor employers’ federal tax deposits (FTDs) and provide accelerated alerts to employers that fall behind on their required payments. These alerts may include letters, automated phone messages and personal phone calls or visits from the IRS.
View this full article on the Michigan Chamber’s Insurance website and find other up-to-date information related to what’s happening with Health Care Reform (Affordable Care Act) and other health care related topics.
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