{"id":3605,"date":"2010-08-01T10:37:44","date_gmt":"2010-08-01T14:37:44","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=3605"},"modified":"2010-08-02T10:37:59","modified_gmt":"2010-08-02T14:37:59","slug":"irs-releases-information-letter-on-making-work-pay-tax-credit","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2010\/08\/irs-releases-information-letter-on-making-work-pay-tax-credit\/","title":{"rendered":"IRS Releases Information Letter on Making Work Pay Tax Credit"},"content":{"rendered":"<p><a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/07\/Senator-Amy-Klobuchar-D-MN.jpg\"><\/a><a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/07\/Senator-Amy-Klobuchar-D-MN.jpg\"><\/a><div class=\"img alignleft size-thumbnail wp-image-3607\" style=\"width:150px;\">\r\n\t<a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/07\/Senator-Amy-Klobuchar-D-MN.jpg\"><img src=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/07\/Senator-Amy-Klobuchar-D-MN-150x150.jpg\" alt=\"Senator Amy Klobuchar questioned IRS on Making Work Pay tax credit and payroll withholding\" width=\"150\" height=\"150\" \/><\/a>\r\n\t<div>Senator Amy Klobuchar (D-MN)<\/div>\r\n<\/div>In response to a letter from Senator Amy Klobuchar (D-MN), the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">Internal Revenue Service (IRS)<\/a> recently released <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/07\/INFO-2010-0144.pdf\" target=\"_blank\">Information Letter 2010-0144<\/a>, which includes a response to her constituent about the effect of the Making Work Pay tax credit on his employees\u2019 annual withholding for 2009. The constituent was concerned that the reduced withholding would either reduce his employees\u2019 refunds or increase the tax they would owe when they filed their 2009 and 2010 income tax returns. The <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">IRS<\/a> recommended that concerned employees consult the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">IRS<\/a> <a href=\"http:\/\/www.irs.gov\/individuals\/article\/0,,id=96196,00.html?portlet=4\" target=\"_blank\">withholding calculator<\/a> and submit a revised <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2009\/12\/fw4.pdf\" target=\"_blank\">Form W-4, Employee\u2019s Withholding Allowance Certificate<\/a> or its Spanish equivalent,\u00a0<a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/05\/fw4sp.pdf\" target=\"_blank\">Formulario W-4(SP), Certificado de Exenci\u00f3n de la Retenci\u00f3n del Empleado<\/a>. Additionally, they should\u00a0consult <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/07\/p919-2010.pdf\" target=\"_blank\">Publication 919, How Do I Adjust My Tax Withholding?<\/a> <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> recommends that employees regularly review their income tax withholding to ensure the proper amount is paid in so that underpayment penalties may be avoided.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Senator Amy Klobuchar (D-MN) In response to a letter from Senator Amy Klobuchar (D-MN), the Internal Revenue Service (IRS) recently released Information Letter 2010-0144, which includes a response to her constituent about the effect of the Making Work Pay tax credit on his employees\u2019 annual withholding for 2009. The constituent was concerned that the reduced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[650,649,234,901,321,796,820,1329,1330],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3605"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=3605"}],"version-history":[{"count":8,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3605\/revisions"}],"predecessor-version":[{"id":3624,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3605\/revisions\/3624"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=3605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=3605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=3605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}