Employers must withhold federal, state, local, and Federal Insurance Contributions Act (FICA) taxes from their employees’ paychecks. FICA includes Medicare and Social Security taxes. An employee’s completed Form W-4, Employee’s Withholding Certificate, determines how...
Taxes
IRS highlights key forms, topics for tax-exempt organizations ahead of May 15 filing deadline
WASHINGTON — As the May 15 filing deadline approaches for tax-exempt organizations, the Internal Revenue Service highlights important forms and topics to ensure successful and timely filing. The annual filing due date for certain returns filed by tax-exempt...
IRS encourages taxpayers to check withholding now for next year
WASHINGTON — The Internal Revenue Service reminds taxpayers that proper tax withholding now is key to avoiding surprises when they file their tax return next year. Making any needed adjustments earlier in the year means taxpayers won’t have to make a big change later...