IRS Circular E - Contents Department of the Treasury Whats...

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Unformatted text preview: Contents Department of the Treasury Whats New . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Internal Revenue Service Calendar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Reminders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Publication 15 Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Cat. No. 10000W 1. Employer Identification Number (EIN) . . . . . . . 8 2. Who Are Employees? . . . . . . . . . . . . . . . . . . . . 8 (Circular E), 3. Family Employees . . . . . . . . . . . . . . . . . . . . . . . 9 4. Employees Social Security Number Employers (SSN) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 5. Wages and Other Compensation . . . . . . . . . . . 10 6. Tips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Tax Guide 7. Supplemental Wages . . . . . . . . . . . . . . . . . . . . 13 (Including 2008 Wage 8. Payroll Period . . . . . . . . . . . . . . . . . . . . . . . . . . 14 9. Withholding From Employees Wages . . . . . . . 15 Withholding and Advance 10. Advance Earned Income Credit (EIC) Earned Income Credit Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 11. Depositing Taxes . . . . . . . . . . . . . . . . . . . . . . . 19 Payment Tables) 12. Filing Form 941 or Form 944 . . . . . . . . . . . . . . 25 13. Reporting Adjustments on Form 941 or For use in 2008 Form 944 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 14. Federal Unemployment (FUTA) Tax . . . . . . . . . 29 15. Special Rules for Various Types of Services and Payments . . . . . . . . . . . . . . . . . . 31 16. How To Use the Income Tax Withholding and Advance Earned Income Credit (EIC) Payment Tables . . . . . . . . . . . . . . 36 2008 Income Tax Withholding Tables: Percentage Method . . . . . . . . . . . . . . . . . . . 3839 Wage Bracket Method . . . . . . . . . . . . . . . . . 4059 2008 Advance EIC Payment Tables: Percentage Method . . . . . . . . . . . . . . . . . . . 6061 Wage Bracket Method . . . . . . . . . . . . . . . . . 6267 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 Quick and Easy Access to IRS Tax Help and Tax Products . . . . . . . . . . . . . . . . . . . . . . . 69 Whats New Social security and Medicare tax for 2008. Do not with- hold social security tax after an employee reaches $102,000 in social security wages. There is no limit on the amount of wages subject to Medicare tax. Social security and Medicare taxes apply to the wages of household workers you pay $1,600 or more in cash. Social security Get forms and other information and Medicare taxes apply to election workers who are paid faster and easier by: $1,400 or more....
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This note was uploaded on 02/25/2009 for the course ACC 101 taught by Professor Fried during the Spring '09 term at Coastline Community College.

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IRS Circular E - Contents Department of the Treasury Whats...

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