WASHINGTON — The Internal Revenue Service reminds taxpayers that disaster preparation season kicks off soon with National Wildfire Awareness Month in May and National Hurricane Preparedness Week, May 4-10. With tax season over and peak periods for disasters...
IRS
Federal Payroll Taxes and Withholding Requirements
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...
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...