08/01/2012
Question: We verify employees’ names and Social Security numbers through the telephone number employer verification service (TNEV) and the paper option. Are these methods still available?
08/01/2012
Payroll usually doesn’t withhold income and FICA taxes from employees who receive restricted stock until the restriction lapses and the stock vests. Under Section 83(b), however, employees can opt to have taxes withheld currently, long before the restriction lapses. The IRS has now provided sample language for an 83(b) election.