Federal Tax

Withholding, Social Security and Unemployment Taxes on Compensation (Portfolio 392)

  • This Portfolio focuses on the provisions applicable to federal income tax withholding, Medicare, Social Security, unemployment taxes, and self-employment tax and reporting.

Description

Bloomberg Tax Portfolio, Withholding, Social Security and Unemployment Taxes on Compensation, No. 392, focuses on the Internal Revenue Code provisions applicable to the federal income, social security and unemployment taxes which most employers must withhold, deposit, report and pay.

This Portfolio discusses compensation subject to tax, employees and employers subject to tax (including self-employed individuals), the rate and computation of tax and the reporting and deposit requirements associated with employment taxes.

This Portfolio may be cited as Allman, 392 T.M., Withholding, Social Security and Unemployment Taxes on Compensation.

Table of Contents

I. Overview
II. Social Security and Unemployment Taxes
III. Collection of Income Tax at Source
IV. Reporting and Paying Taxes
V. Penalties

allman_peter
Peter Allman
Willkie Farr & Gallagher LLP
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