Using the Employee Information Form, F/EA collects information on a workers's familial relationship to his/her employer. Based on certain familial relationships, workers and their employers are exempt from certain taxes. When a workers is exempt from taxes with an employer contribution, the employer is also exempt from paying the employer tax.
The F/EA processes all Employee Information Forms upon receipt. The F/EA uses current Federal and State regulation information to record exemptions based on familial relationships.
F/EA uses the following criteria from IRS Publication Circular E:
The internal controls used by F/EA to monitor this process establish responsibility, segregate duties, document procedures and ensure independent internal verification.
2. All packages are date stamped immediately upon receipt.
3. During quality check, each form is separately initialed and dated as it passes a satisfactory quality check.
4. F/EA stays up to date with any changes to Family Tax Exemptions using Stay Up to Date with Forms, Rules and Regulations
5. A control sheet is used to Quality Check each packet.