W-2

News & Analysis as of

IRS Confirms California “Waiting Time Penalties” Are Not Wages For Federal Income Tax Purposes

A recent IRS information letter confirms that “waiting time penalties” paid under California law are not wages for federal income tax withholding purposes. Section 203 of the California State Labor Code imposes penalties on...more

Experian handling 70 breaches a week resulting from IRS phishing scam

On March 1, 2016, the Internal Revenue Service alerted the business community of an e-mail phishing scheme designed to convince employees to provide company-wide W-2 tax forms containing social security numbers and other...more

Phishing Season Opens for 2016 Tax Filings – Beware of “W-2 Phishing Scams”

Tax season brings many headaches, but none as miserable as sophisticated scammer efforts to steal employee W-2 information. Using social engineering and modest technological tools, a “spear phishing” attack seeks to trick...more

Tidewater Community College hit with phishing scam exposing data of 3,193 employees

Tidewater Community College (Tidewater) has announced that the personal information, including names and Social Security numbers of 3,193 current and former faculty and staff members was compromised in a phishing scheme and...more

Seyfarth Submits Comments to EEOC Regarding Proposed Pay Data Collection under EEO-1 Report

Seyfarth Synopsis in a Second: Seyfarth Shaw submitted comments on behalf of the U.S. Chamber of Commerce and standalone comments on behalf of the Firm and its clients responding to the EEOC’s proposal to mandate that...more

Privacy Tip #28 – What do you do if you are a victim of IRS tax fraud?

It’s tax season. The dreaded April 15 federal tax filing deadline is looming. You try to be diligent, and you file your tax return early, hoping to get an early refund. But when you try to e-file your return, it gets rejected...more

No April Fool's Joke: New Scam Targeting HR And Payroll

An unfortunate number of employers have recently fallen victim to a phishing scam that tricks them into disclosing highly sensitive employee information to unknown third parties. Make sure to warn your Human Resources and...more

How Employers Can Help Prevent W-2's From Being Breached and Their Employees From Becoming Victims of ID Theft

The Internal Revenue Service issued an alert about an emerging phishing email scheme that purports to be from company executives and requests personal information on employees. The IRS has learned this scheme – part of...more

How to Get the Most Out of Your Employee Payroll Audit: Avoiding Discrimination Under the California Fair Pay Act and in Employee...

Employee payroll audits, which have long been recommended as a best practice for corporations that want to stay on the right side of the law, have become even more critical with the current proliferation of labor and...more

Quick Hits: Persuader Rules, Class Action Lawsuits, Prevailing Party, E-mail Phishing

With Opening Day of baseball season nearly upon us, it’s time again to bring back a “Quick Hits” segment to recap a few noteworthy (but not completely post-worthy) employment law items you might have missed recently....more

Spear Phishing E-mail Scheme Surges For W-2 Forms

In the midst of this tax season, a number of companies have fallen victim to the latest spear phishing e-mail scheme, resulting in the unauthorized disclosure of their employees’ W-2 information and learning the hard lesson...more

"IRS Issues Alert on Phishing Scheme to Obtain Payroll Data"

The Internal Revenue Service (IRS) recently issued an alert regarding a phishing email scheme in which cybercriminals pose as governmental officials or company executives and request employee payroll and tax data, including...more

“Mind the (Gender Pay Equity) Gap”: The EEOC Holds Hearings on its Proposal to Require Pay Data on the EEO-1 Form

On March 16, the Equal Employment Opportunity Commission heard testimony from a variety of advocacy groups, academics and employer representatives on with regard to its proposed revisions to the EEO-1 adding W-2 pay data....more

Fraud Alert: Computer Hackers Target HR and Payroll Departments – Guard Your W-2s!

Have you by chance recently received an email from your company’s CEO requesting copies of employee W-2 forms? If so, don’t respond without first verbally confirming that the request is legitimate. Several of our clients in...more

2015 Budget Act Changed W-2/1099-MISC Filing and Correction Rules

Little-noticed changes in the 2015 PATH Act accelerated form filing deadlines and waived retroactive corrections for small-dollar errors, effective 2017. The Protecting Americans from Tax Hikes (PATH) Act of 2015 was...more

IRS Warns of “Surge” in Tax Season Phishing Scams

Tax season ‘tis the season to be phishing, according to the IRS. The IRS has issued a warning to payroll and human resources professionals about a “surge” in phishing emails seen this year. One of the preferred tactics of...more

Privacy Tip #24 – IRS issues Alert to Payroll and HR Professionals about phishing scheme for W-2s

This week’s tip is for businesses, and in particular, the human resources, benefits and finance departments of all businesses. It doesn’t matter what industry you are in or where you or located. It doesn’t matter if you have...more

EEOC Charges Forward with Obama Administration Equal Pay Initiative

In a step likely to create additional burdens on employers, the Equal Employment Opportunity Commission (“EEOC”) has proposed changes to employer reporting requirements that would require most employers to provide significant...more

Concerns Loom Over EEOC's Efforts to Obtain Data Targeting Discriminatory Pay Practices

Earlier this month Faegre Baker Daniels reported on the Equal Employment Opportunity Commission’s controversial proposed revisions to the Employer Information Report (EEO-1) Form which, if adopted, would require certain...more

Proposed EEO-1 Revisions Should Raise Concerns For Employers

On January 29, 2016, the EEOC publicly announced proposed revisions to the EEO-1 form that would require collecting pay data from employers required to file the EEO-1 (private employers with more than 100 employees and...more

The New EEO-1 Pay Reporting Burdens Employers

In conjunction with the seventh anniversary of the Lilly Ledbetter Fair Pay Act, the EEOC and Office of Federal Contract Compliance Programs (OFCCP) proposed employers of 100 or more employees additionally report employee pay...more

EEOC Seeks to Tackle Pay Equity With Proposed EEO-1 Pay Data Requirement

Earlier this month, seven years after President Obama's historic signing into law of the Lilly Ledbetter Fair Pay Act, the U.S. Equal Employment Opportunity Commission (EEOC) took a significant step toward enforcing the Obama...more

EEOC Seeks to Expand EEO-1 Form to Include Pay Data

The Equal Employment Opportunity Commission (EEOC) has announced plans to require employers to provide information about employee pay and hours worked as part of their annual EEO-1 reports. The EEOC’s proposal, which was...more

Show Me the Money: EEOC Proposal to Require Federal Contractors and Private Employees to Report Pay Data

Coming on the heels of the Office of Federal Contract Compliance Programs’ (OFCCP) rule forbidding federal contractors from discriminating or retaliating against applicants and employees who inquire, disclose or discuss...more

EEOC Proposes New Pay Data Reporting Requirements for Employers

President Obama has announced that the EEOC is proposing new pay data reporting requirements for employers. Under the proposal, employers would be required to provide annual information on W-2 compensation and hours worked...more

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