Wiki source code of Paychecks and Reporting

Version 2.1 by christie w on 2023/02/14 20:11

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1 **Question:** If a pay period ends Dec 31st and the check date is Jan 2nd, is it a check for last year and reported as such?
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3 **Answer: **According to [[IRS Publication 15>>url:http://www.irs.gov/pub/irs-pdf/p15.pdf]], which covers payroll, the date on the paycheck establishes the period that the check is reported in no matter when the wages are earned.
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5 In the example given, a Jan 2nd paycheck date and a pay period ending date of Dec 31st would be a January check and would be reported with the January taxes and on the appropriate forms for the period.