poisnivey Posted October 20, 2022 Posted October 20, 2022 Hello: Does anyone have any feedback or concerns implementing the 2022 W4P in their DB systems? I am being told that the IRS didn't rule on implementing, but from what I can find, the W4P is required to be in place for 2023, where as the W4 was required in 2022. I found IRS publication 15-T that specifically addresses this so I am unsure why some don't think this is law. Any thoughts or insight is appreciated. Patty
C. B. Zeller Posted October 20, 2022 Posted October 20, 2022 https://www.irs.gov/forms-pubs/additional-guidance-for-substitute-and-telephonic-submissions-of-forms-w-4p-and-w-4r Whoever told you that "the IRS didn't rule on implementing" might have meant that the IRS hasn't provided any rules for implementing a simplified substitute form, like we were used to with the old W-4P. The rules for using a substitute form now are so onerous that it is basically impossible. The new forms W-4R and W-4P (or suitable substitutes) must be used starting in 2023, unless the IRS comes out with some guidance before then. Luke Bailey, CuseFan and ugueth 3 Free advice is worth what you paid for it. Do not rely on the information provided in this post for any purpose, including (but not limited to): tax planning, compliance with ERISA or the IRC, investing or other forms of fortune-telling, bird identification, relationship advice, or spiritual guidance. Corey B. Zeller, MSEA, CPC, QPA, QKA Preferred Pension Planning Corp.corey@pppc.co
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