Category: "Transportation Plans"

IRS Issues Form 941 Filing Guidance

02 February, 2015

In order to reduce the burden on employers to file and report on the retroactive increased exclusion for 2014 transit benefits ($130 to $250), the IRS released Notice 2015-2 that explains how employers can correct FICA tax overpayments and report proper amounts on Forms 941 and the W-2.  Although is...