January - LNI Rates
Submitted by jamesm on Mon, 03/02/2020 - 14:062nd Week in Jan - Target date for new LNI Rate implementation. Once implemented, agencies will need to verify rates.
2nd Week in Jan - Target date for new LNI Rate implementation. Once implemented, agencies will need to verify rates.
Final Day 0 in Dec - Final Offcycle Workbench for the year. Once the final Day 0 concludes, agencies will no longer to be able to process an Offcycle workbench for the closing year. If this deadline is missed, manual adjustments will be required.
Mid-Jan - Ensure that all IRS Forms 941/941X/W-2/W-2c are in balance prior to sending off IRS Form 941 for 4th quarter. Forms are due January 31st.
3rd Week in Jan - File Year End forms with federal, state and local tax authorities.
Mid-Jan - Once W-2 processing has completed, review and work through any errors and warnings present on the W-2 log manager.
3rd Week in Jan - OFM will reactivate Tax Reporter role.
Mid-Jan - Download your agency W-2 spool files to begin preperation for mailing. Save spool files for your records. HRMS will retain spool files until the last business day in January.
2nd Week in Jan - OFM will deactivate Tax Reporter Role. Prior to deactivation, all manual adjustments should be complete in HRMS. Deactivation period is approximately one week.
3rd Week in Jan - Agencies complete Manual YTD Adj. to be included on 941. Remember to check if a W-2C will be required. Adjustments will not be included on W2 processed by OFM in W-2 processing.
1st Week in Jan - Deadline for Manual Year-to-Date (YTD) adjustments for previous calendar year to be entered into HRMS. REMINDER: This cutoff will also include manual adjustments for other state withholding taxes.