New Tax Forms for Retirement Plan Payment Withholding Effective January 1 2023

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Course URL: https://www.complianceprime.com/detai... • Here is something you need to know about W-4P, and W-4R forms: • W-4P: There are a few changes to the updated Form W-4P. • Updates to the married category • Adjustments to other sources of income • The substitution of allowances with dependent credits • and a formula to report a new withholding amount. • W-4R: Payees can enter a different withholding rate between 0% and 100% on the new Form W-4R. If no amount is selected, nonperiodic contributions are deducted at a flat 10% (or 20% if they qualify). • To stay updated on more such news, subscribe to our channel Compliance Prime. • -------------------------------------------- • Keep up with the latest updates by following: • Facebook: / complianceprimeonline • Instagram: / complianceprimeonline • LinkedIn: / complianceprimeonline • Twitter: / complianceprim1 • #Training #CompliancePrime #Compliance #Industry #USA #Canada #Learn #OnlineWebinar #Webinar #Training #OnlineTraining #EEOC #FMLA #OSHA #Speakers #Professional #complianceteam #Compliances #ComplianceDigital #IRS #refund #News #unitesstates

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