I can't believe I'm conversing with the revered Big Red!
Thanks for your knowledge of how to work the Earnings report to feed Excel.
I have a larger issue though. I went to the IRS forum, and they kept reciting "we have not received guidance on that yet." However, the cavalier statement out there is "No tax on overtime." I believe QuickBooks, Paychex, and ADP must step up and create relevant reports for their PR clients. Most accountants believe as you did earlier, "Just give them the year-end pay stub." That YTD stub does not show OT hours, only totals and not how to make it useful. So you're right, we have to provide guidance. Plus for singles the max is $12,500 which several of my guys would hit.
So I will take your suggestions and prepare something for the employees. Thank you for your guidance. Then if something doesn't show up from the Big Three before January, I'll be ready before crazy time starts.
