EMPLOYMENT TAX

Rev. Proc. 2004–53, page 320. This procedure explains both the standard procedure and an alternate procedure for preparing and filing Form W–2, Wage and Tax Statement ; Form 941, Employer’s Quarterly Federal Tax Return ; Form W–4, Employee’s Withholding Allowance Cer- tificate ; and Form W–5, Earned Income Credit Advance Pay- ment Certificate, in certain acquisitions. It also provides guidance on the new schedule (Schedule D (Form 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations ) that employers will be able to use to explain discrepancies between Forms W–2 and 941. Rev. Proc. 96–60 superseded and Rev. Rul. 62–60 amplified.

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Rev. Proc. 2004–54, page 325. Specifications are set forth for the private printing of paper and laser-printed substitutes for tax year 2004 Form W-2, Wage and Tax Statement, and Form W-3, Transmittal of Wage and Tax Statements . Rev. Proc. 2003–30 superseded.