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The IRS delivered the draft 2020 W-4 by May 31. Now what?

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Alice Gilman

by on
in Centerpiece,Office Management,Payroll Management

The IRS coughed up the first draft of the 2020 W-4 and employer instructions on time, to the relief of many. Comments are trickling in on those drafts. They are not supportive.

Maybe that’s a function of dissatisfied people commenting while those stakeholders who’ve already been mollified commented earlier in the process, when the IRS was discreetly workshopping the drafts. Only time will tell.

Meanwhile, the Taxpayer First Act of 2019, which drops the e-filing threshold for information returns considerably and quickly, sailed through the Senate under a special rule, called unanimous consent. The bill is waiting for the president’s signature.

While we wait for the second drafts of the W-4 and the employer instructions, and perhaps some word from the IRS on TFA 19, we’ve been accumulating all sorts of information related to the TCJA—the Tax Cuts and Jobs Act of 2017.

Another paycheck checkup week?

Yes, they’...(register to read more)

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