January 2008: EIC
A. B. 650 – Notice of Earned Income Credit Rights – January 2008 – Download This Issue in .pdf Format • Employers must notify their employees that they may be eligible for the federal Earned Income Tax Credit. The notice must be hand delivered or mailed to employees within one week before or after, or at the same time, W-2 or 1099 forms are delivered. Note that employers cannot satisfy the new notice requirement simply by posting the notice on an employee bulletin board or delivering it through interoffice mail. • This notice must contain instructions on how to obtain any notices made available from the Internal Revenue Service for the purpose of obtaining the necessary forms to file for the EITC. • Every employer must process the Form W-5, at the request of the employee and in accordance with Federal law, for the advance payment of the Earned Income Tax Credit. ... Read More