#KPMNews for Employers: Any employee who claims exempt on their federal W-4 form is required to complete a new W-4 form each year by February 15. So, remember to review any employees that are claiming exempt, and send them a new W4 form to complete. They may no longer qualify for exempt status this year.
Note – many states have varying requirements, so review each state’s rules as applicable. Additional information can be found via this article on the IRS website. Contact your #KPMCPAs advisor with questions!