And remember how the government provided us with a form to give those employees?
And remember how they threatened to fine the employer if we did not give out those forms? (Those fines were waived at the last minute.)
But here was the original catch. The government forms never had a section where the employee could acknowledge receipt.
So you could give out the forms and have someone deny getting them, and who would the IRS believe?
I altered my clients’ forms to include a receipt acknowledgement and date and had the clients save them, either in the file, or electronically.
Now that I think of it, they probably waived those fines because their bureaucratic failure to include the acknowledgement might have made the fines unenforceable.
Anybody sign up at their website yet?
Howard Lipset, CPA
Progressive Management, Inc.