USPS: Employees urged to do paycheck checkup

USPS and the Internal Revenue Service are encouraging employees to conduct a paycheck checkup to determine whether they need to update their tax withholding for 2020. Updating federal withholding is especially important for employees who had an unexpectedly high tax bill or a penalty this year. Similarly, employees who have had a major life change…

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USPS elects not to implement payroll tax deferrals

The Postal Service is providing employees with information about an optional deferral of payroll taxes for workers. President Donald Trump recently issued a memorandum instructing Treasury Secretary Steven Mnuchin to allow employers to defer the collection of the employee portion of Social Security payroll tax between Sept. 1 and Dec. 31. This would not constitute…

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NALC HQ: Frequently asked IRS questions

NALC Secretary-Treasurer Nicole Rhine addresses a few frequently asked IRS-related questions in her column in The Postal Record. She also encourages branch officers to download a free copy of the NALC Branch Officer’s Guide to Finance and Administration. Frequently asked IRS questions

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USPS: Tax filing deadline approaches

The Postal Service is ready for Tax Day this week. As the coronavirus pandemic took hold during the spring, the federal government postponed the traditional April 15 filing deadline until July 15. Taxpayers must file or seek an extension by the new deadline or face a penalty. The IRS is expecting about 150 million returns…

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USPS: New tax withholding estimator available

The Internal Revenue Service has a new mobile-friendly online tool that makes it easier for workers to ensure the right amount of tax is withheld during the year. The Tax Withholding Estimator replaces the IRS’s Withholding Calculator, which previously provided an online method for checking withholding. The estimator uses a plain language, step-by-step format that…

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USPS: IRS wants you to check your federal withholding

The IRS is encouraging Postal Service and other employees to review their 2019 federal income tax withholding. According to the IRS, withholding changes made in 2018 as a result of the new tax law may have a different effect if left in place for all of 2019. The IRS offers an online withholding calculator that…

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USPS: Review withholding to avoid penalties

The Internal Revenue Service (IRS) wants USPS and other employees to review their federal income tax withholding. Several tax law changes took effect last year. By checking your withholding now, you can avoid an unexpected bill or penalty at tax time. The IRS offers an online withholding calculator that can help you determine if you…

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Owner Of Vehicle Maintenance And Repair Companies Convicted Of Bribery And Tax Fraud

Press Release – December 20, 2018 Geoffrey S. Berman, the United States Attorney for the Southern District of New York, announced that IBRAHIM ISSA, a/k/a “Tony Issa,” was found guilty yesterday of bribery of public officials and tax fraud. A unanimous jury convicted ISSA after a two-week trial before Chief United States District Judge Colleen…

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