The FICA Earnings Calculation Report has been modified so that differences of more than $.12 are identified (instead of more than $.10; the more often employees are paid, the greater the acceptable rounding difference can be) and so that totals by Deduction Type are provided. Totals by Deduction Type can be especially useful if there have been taxable 3rd Party Sick Payments (disability) during the calendar year. This report is accessed from OpenRDA’s Payroll Tax Reports.

IRS PAYCHECK CHECKUP
This article was provided by the IRS e-news for Payroll Professionals Join IRS on Thunderclap to Promote a National “Paycheck Checkup” The IRS invites...
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