Tag Archives: Payroll tax

Gasoline Prize

Today TaxMama hears from Terry in Arkansas who’s angry. “Last week my employer offered a prize of gasoline coupons to employees who would fill out the annual employee opinion survey. I won. I received coupons redeemable for $50.00 of gasoline at the highest priced station in town, WITH a note congratulating me and informing me […]

Missing Your Form W-2?

Courtesy of the Internal Revenue Service TT 2008-24 Did you get your W-2? These documents are essential to filling out most individual tax returns. You should receive a Form W-2, Wage and Tax Statement, from each of your employers each year. Employers have until January 31, 2008 to provide or send you a 2007 W-2 […]

Paying Payroll Tax

Today we hear from Amanda in TN who tells us. “I am an owner of a small business. I need to know what form to use for my payroll deposits. Do I pay quarterly or monthly? I’ve been trying to figure this out since our first payroll last month. So can I double my payments […]

The Latest Payroll Tax Criminals

You Think YOU Have Payroll Tax Problems? Wait Until You See Who’s Not Paying Payroll Taxes Now! IRS has always relentlessly and passionately pursued employers who are delinquent on their payroll taxes. The Service tends to be rather unforgiving because IRS still has to honor thewithholding from workers’ paychecks – and to issue refunds – […]

Nanny Tax

Today TaxMama hears from Tom, who’d like to know. “Can you point my wife and me to any basic resource for information on tests to determine whether one needs to do withholding or taxes in general for nanny services? And, then, how to actually execute the necessary record keeping and filings.”

New Social Security Mismatch Rule

Shades of 1984 and McCarthyism! This new rule is going further than simply holding employers responsible for ensuring that the workers they hire are all legal. That is as it should be. Everyone should take responsibility for their own actions and choices. However, it includes a snitch-factor – encouraging employees to turn others in – […]

Inmate Income

Today TaxMama hears from Karen in the Tax Parlor, who’s curious. “I’m seeing in my tax prep software, a reference to “inmate income”. Is income earned by inmates taxed or handled differently? Just curious.”

Nanny Tax

Today TaxMama hears from Tom, who’d like to know. “Can you point my wife and me to any basic resource for information on tests to determine whether one needs to do withholding or taxes in general for nanny services? And, then, how to actually execute the necessary record keeping and filings.”

Wiped Taxes

Today TaxMama hears from Sam in MO who wants to know, “I had a bankruptcy in 1997 from a failed business. At that time I owed employee withholding taxes which were listed on my bankruptcy. Knock on wood, I have never heard from the IRS. Were those taxes wiped clean from the bankruptcy? Same situation […]

Paycheck Withholding

Today TaxMama hears from Marylu in Texas, who asks a simple question. “How do I get the Percentage of taxes that are withheld from payroll checks? “

Stubborn Employer

Today TaxMama hears from Gary from the Internet has this problem, “My former employer who refuses to correct my W2 for 2005—the withholding for FICA and Medicare are not at the correct percentages. They made a change in the 403b and had to adjust the taxable wages for FICA and Medicare wages. Since I was […]