9.10 Federal Income Tax Reporting

The guidelines presented here are meant to supplement the information found in IRS publications. Two IRS publications you may find helpful are:

1. IRS Publication 15 (Circular E), "Employer's Tax Guide" This publication explains the employer’s responsibility for withholding, depositing, reporting and paying taxes.

2. IRS Publication 15-A "Employer's Supplemental Tax Guide" This publication is is a supplement to Publication 15 (Circular E), Employer's Tax Guide.

3. IRS Publication 15-B "Employer's Tax Guide to Fringe Benefits"

IRS forms and publications are also available by:

1. Calling the IRS at 1-800-TAX-FORM (1-800-829-3676).

2. Going to the IRS web site at www.irs.gov

Where possible, we reference the IRS publication in which additional information may be found.

Topics covered include:

1. Explanation of Terms

2. IMRF as Defined by the IRS

3. Tax Deferred Treatment of Member Contributions

4. Income Tax Withholding Under the 414(h) Tax Deferred Plan

5. Social Security and Medicare

6. IRS Form W-2 for Employees

7. IRS Form W-2 for Elected Officials' State Stipends