If an employer discovers that it has failed to withhold income tax after the close of the calendar year, the employer may not remit the income tax and credit the tax to the prior calendar year Form W-2, Wage and Tax Statement, as federal income tax withheld
at the source.
Checking your withholding during the year (by speaking with a local tax preparer or consulting the online IRS calculator) is a good way to ensure that you are not having too much or too little federal income tax withheld
from your pay.
When a third-party insurance company assumes salary payments to employees on long-term disability, employers often retain responsibility for paying and reporting those employees' share of Social Security, Medicare and Federal Unemployment Tax Act contributions and must report federal income tax withheld
and deposited by the third party.
If you earned less than $4,550 In 2001, you're likely entitled to a refund of all the federal income tax withheld
from your paychecks last year.
With the child tax credit - a new benefit - some people were thrown off because they didn't know that the credit could exceed the amount of federal income tax withheld
if taxpayers have more than two qualifying children.
Beginning January 1, 1997, individuals may elect to have Federal income tax withheld
from their unemployment benefits.
In Arizona, the withholding calculation is based on a percentage of federal income tax withheld
compensation, nor should any amount be reflected in Box 2, Federal income tax withheld
, of A's W-2.
You simply look at the information on the paper form and type the same data, including employer identification number, wages, and federal income tax withheld
, onto the TaxBrain worksheet.
In 1987, Lundy had Federal income tax withheld
from his wages.
PHOENIX, April 20 /PRNewswire/ -- Form 941, reporting federal income tax withheld
from employees' wages or other income and Form 942, "Employer's Quarterly Tax Return for Household Employees," are due May 2, 1994, for the first quarter ending March 31.
If you fail to notify US Bancorp Fund Services, LLC (the Fund's transfer agent) of your intentions to rollover your IRA account or that you choose not to have your federal income tax withheld
, your IRA account will be subject to federal income tax withholding as required by law.