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Felra Plan 1 PT is a reporting form used by employers to report certain information about employees' wages and tax withholdings to the IRS.
Employers with employees who are subject to payroll taxes or who provide compensation must file Felra Plan 1 PT.
To fill out Felra Plan 1 PT, employers need to provide identifying information, employee details, and wages, along with tax withheld, following the guidelines provided by the IRS.
The purpose of Felra Plan 1 PT is to ensure accurate reporting of employee compensation and tax withholdings for tax compliance and auditing purposes.
Felra Plan 1 PT must report information such as the employer's identification number, employee names, Social Security numbers, wages, and the amount of taxes withheld.
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