Page 8 - TaxAdviser_2022

TAX CLINIC
Practical advice on current issues.
Editor:
Susan Minasian Grais, CPA, J.D.,
LL.M.
Contributors are members of or
associated with Ernst & Young LLP.
For additional information about
these items, contact Ms. Grais
at 202-327-8788 or
susan.grais@ey.com.
6 January 2022
In This Department
EMPLOYEE BENEFITS & PRACTICE & PROCEDURES
PENSIONS Form 1099-K information returns:
Qualified COVID-19 paid leave New rules beginning 2022; p. 13.
benefits: Reporting on Form W-2;
p. 7. STATE & LOCAL TAXES
A review of Multistate Tax
EMPLOYMENT TAXES Commission’s statement on how
Deferral of penalties for failure to P.L. 86-272 applies to internet
timely deposit employment taxes; sales; p. 14.
p. 9.
FOREIGN INCOME &
TAXPAYERS
IRS extends withholding date for
certain PTP transfers, distributions;
p. 10.
Reversing a gap period transaction
through late check-the-box
election; p. 11.
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The Tax Adviser