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Date: November 22, 2000 |
Bulletin No. 215 |
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Date: November 22, 2000 |
Bulletin No. 215 |
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| Subject | Advance Payment of Earned Income Credit |
| Purpose | To explain the procedure for the annual review of employees with Earned Income Credit (EIC). |
| Affected Employees | Employees with Earned Income Credit |
| Background |
Internal Revenue Service Regulations require employees eligible for advance payment of Earned Income Credit to file a new W-5 "Earned Income Credit Advance" certificate each year. |
| Agency
Actions
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Report (TAX113) identifying employees
in your agency currently claiming Earned Income Credit is available in
Reveal. This report identifies employees that must have their federal
tax records changed if a new W-5 is not filed.
If you have not received a new W-5 for an employee on this report, the EIC must be canceled on the Employee Tax Data panel effective with the first payroll check of 2001. |
| Questions | Questions regarding this bulletin may be directed to the Payroll Deductions mailbox. |
