6a - Paying Taxes

6a - Paying Taxes - Federal Individual Income Tax Online...

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Tax Payments Tax Payments Presented by Akore Berliner, CPA Federal Individual Income Tax Online Lecture Series
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Income Tax Types to Pay Income Tax SS / ME aka FICA Self Employment Tax Employment Tax Income Tax SS / ME aka FICA Self Employment Tax Employment Tax
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Tax Payment Method “Pay as you go” 1. Withholding 2. Estimated Payments 3. Installment Plan 4. Garnishments “Pay as you go” 1. Withholding 2. Estimated Payments 3. Installment Plan 4. Garnishments
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Withholding For Employees Employer responsible for withholding Employer must match FICA and pay full cost of FUTA (unemployment taxes) If employee is over withheld for Social Security, excess is refundable credit For Employees Income Tax & FICA Tax Employer responsible for withholding Employer must match FICA and pay full cost of FUTA (unemployment taxes) If employee is over withheld for Social Security, excess is refundable credit
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6a - Paying Taxes - Federal Individual Income Tax Online...

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