Form W-5 Renewal for 2007
Form W-5, Earned Income Credit Advance Payment
Certificate, which allows eligible employees to receive advance payment of their earned income credit, must be renewed for 2007. All certificates currently in effect expire at
the end of calendar year 2006 and must be renewed by
submitting a new Form W-5 as soon as possible.
There has been a change in procedure concerning the
processing of these forms.
Employees must now send their forms directly to the accounting service center (ASC) in Eagan, Minnesota. This
procedural change will enable the ASC to process these
forms in a more timely and efficient manner. Please note
that Internal Revenue Service (IRS) regulations specifically
prohibit any retroactive changes or additions to the information submitted on the original Form W-5. Any changes,
corrections, or additions to a W-5 require the submission of
a new form.
To ensure that the new forms will be effective at the beginning of calendar year 2007, the ASC must receive them
at the address shown here by no later than Monday,
December 18, 2006, which is the beginning of the second
week of Pay Period 26. Receipt by that date will ensure that
the information on the form will be effective as soon as possible in 2007.
ATTN FINANCIAL REPORTING SECTION
EAGAN ACCOUNTING SERVICE CENTER
2825 LONE OAK PKWY
EAGAN MN 55121-9617
Reminders: (1) Administrative and managerial employees must not provide tax advice to employees concerning the completion of Form W-5s. Employees are
responsible for proper and timely submission of their forms.
(2) IRS regulations mandate that employers submit copies of all Forms W-5 received from their employees. After
the ASC receives and processes the form, they will send a
copy of each form to the IRS for their review.
— Payroll Accounting,