What Is EITC? & What Does It Mean For California Businesses and Employers in Folsom, CA
EITC stands for Federal and State Earned Income Tax Credit (EITC) Notice.
It is required that the Federal and California EITC notice is provided within one week (before or after) the delivery of W-2 or 1099 forms to employees. The EITC notice is required to be provided by hand-delivery or mail to the last known address of every employee receiving a W-2 or 1099. Simply posting on a bulletin board or sending via electronic communication will not meet the requirements.
Stay Compliant With Tax Filing For Your Business
Do not assume that your payroll provider will include the Federal and/or California EITC notice with the issued W-2 or 1099 forms. It is the responsibility of each employer to ensure both the Federal and California notices are provided.
We suggest distributing the notice along with the W-2 and 1099 forms. Keep a copy of the items sent for your records, and make note of the method of delivery.
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