{"id":7442,"date":"2016-08-04T17:16:59","date_gmt":"2016-08-04T21:16:59","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=7442"},"modified":"2016-08-04T17:16:59","modified_gmt":"2016-08-04T21:16:59","slug":"irs-announces-memorial-day-ftd-penalty-error","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2016\/08\/irs-announces-memorial-day-ftd-penalty-error\/","title":{"rendered":"IRS Announces Memorial Day FTD Penalty Error"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.irs.gov\" target=\"_blank\">IRS <\/a>has <a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/memorial-day-ftd-penalty-error\" target=\"_blank\">released information<\/a> regarding the Memorial Day FTD Penalty Error. The text of the message is below:<\/p>\n<p style=\"padding-left: 30px;\">Many taxpayers who made their next-day employment tax deposits on Tuesday, May 31, or semi-weekly employment tax deposits on Thursday, June 2, 2016, were incorrectly sent notices that their deposits were late.<\/p>\n<p style=\"padding-left: 30px;\">Due to a programming error, IRS systems did not recognize changes in deposit due dates created by the Memorial Day holiday observed on May 30, 2016.\u00a0As a result of the holiday observance, the next-day deposits that would have been due on Monday, May 30, were instead due on Tuesday, May 31, and the semi-weekly deposits that would have been due on Wednesday, June 1, 2016, were instead due on Thursday, June 2, 2016.<\/p>\n<p style=\"padding-left: 30px;\">We apologize for any inconvenience, and no taxpayer action is required. IRS systems have been corrected and impacted taxpayer accounts will be updated.<\/p>\n<ul>\n<li>Taxpayers who received a notice (CP161) of a failure-to-deposit penalty as a result of this error will receive a new notice of adjustment (CP210\/220) stating the account was corrected and they do not owe a penalty.<\/li>\n<li>Taxpayers who received a notice (CP276B) providing that their deposit was made incorrectly but that IRS waived the penalty will not receive any follow-up correspondence.<\/li>\n<\/ul>\n<p>If you have any questions on a notice you received, please contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IRS has released information regarding the Memorial Day FTD Penalty Error. The text of the message is below: Many taxpayers who made their next-day employment tax deposits on Tuesday, May 31, or semi-weekly employment tax deposits on Thursday, June 2, 2016, were incorrectly sent notices that their deposits were late. Due to a programming [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/7442"}],"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=7442"}],"version-history":[{"count":1,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/7442\/revisions"}],"predecessor-version":[{"id":7443,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/7442\/revisions\/7443"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=7442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=7442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=7442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}