Employers take note: withholding lock-in letters.

• Position: IRS Update

Under the new Withholding Compliance Program, the IRS no longer needs Form W-4, Employee's Withholding Allowance Certificate, before issuing a "lock-in letter."

The IRS is using information reported on Forms W-2, Wage and Tax Statement, to more effectively identify employees with withholding compliance problems. When serious under-reporting is identified, the IRS may issue a lock-in...