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IRS Expects to Fix Glitch Affecting Improperly Withheld Form 8955 Refunds
American Retirement Association [ARA] 
Mar. 14, 2024 "Addressing improper withholding of tax refunds, says [Kelsey Mayo, the American Retirement Association's Director of Regulatory Policy], 'has, so far, been a manual process of corresponding with the IRS to have the penalty abated and the refund paid on an employer-by-employer basis.' However, Mayo reports that the IRS expects to implement a systematic fix for the impending corporate tax return deadline." |
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