End of year tax guideline tips for all employees

January 08, 2015

End of year tax guideline tips for all employees

Now is time for all employees to ensure that their W-2 address is correct by checking your listed address via Human Resources' Self Service (HRSS) website and making any needed changes. Employees may also use an e-form to update their change of address and forward it to Human Resources, Mail Code 6520. As required by the Internal Revenue Service, W-2 tax forms for 2014 will be processed and mailed from Human Resources no later than Feb. 2, 2015. Employees may, if desired, view their W-2s through HRSS when W-2s are mailed.

As for exempt W-4 tax withholding forms, the time to renew is now. In mid-February of each year everyone with EXEMPT status will see the status expire, and IRS regulations require employee withholdings to be single and 0 if the exempt status is not renewed. Employees may re-file as EXEMPT via HRSS or by using a W-4 Withholding Allowance e-form and forwarding it to Human Resources. The deadline for filing the form is by Feb. 1.