IRS Publication 15 - Employer's Tax Guide

AAA

DEFINITION of 'IRS Publication 15 - Employer's Tax Guide'

A document published by the Internal Revenue Service detailing an employer's responsibilities for filing and reporting tax information. The document covers withholding, depositing, reporting, paying and correcting of taxes for employees, not for the corporation itself. IRS Publication 15 provides the most up-to-date tax withholding tables for the current year.

INVESTOPEDIA EXPLAINS 'IRS Publication 15 - Employer's Tax Guide'

IRS Publication 15 is used to determine federal income tax, not state or local taxes. Employers should refer to their state's tax rules to ensure that proper state income tax amounts are withheld from employees' paychecks. Extra tax information is also available in IRS Publication 15-A.

RELATED TERMS
  1. IRS Publication 15-A - Employer's ...

    A document published by the Internal Revenue Service that provides ...
  2. Federal Unemployment Tax Act - ...

    The original legislation that allows the federal government to ...
  3. W-4 Form

    A form completed by an employee to indicate his or her tax situation ...
  4. Withholding

    The portion of an employee's wages that is not included in his ...
  5. Internal Revenue Service - IRS

    A United States government agency that is responsible for the ...
  6. Federal Tax Brackets

    Income tax groupings specified by the Internal Revenue Service ...
RELATED FAQS
  1. How much of my income goes to Social Security taxes?

    An employee's portion of social security tax is 6.2% of his or her social security wages. Employers are taxed at the same ... Read Full Answer >>
  2. In what types of economies are regressive taxes common?

    Regressive taxation systems are more likely to be found in developing countries or emerging market economies than in the ... Read Full Answer >>
  3. What's the difference between regressive and progressive taxes?

    The U.S. federal tax system and local and state tax systems are complex in that they combine progressive, regressive and ... Read Full Answer >>
  4. How do businesses determine if an asset may be impaired?

    In the United States, assets are considered impaired when net carrying value (book value) exceeds expected future cash flows. ... Read Full Answer >>
  5. What are the differences between regressive, proportional and progressive taxes?

    Tax systems fall into three main categories within the tax code: regressive, proportional and progressive taxes. Regressive ... Read Full Answer >>
  6. What is the difference between an operating expense and a capital expense?

    An operating expense (OPEX) is an expense required for the day-to-day functioning of a business. In contrast, a capital expense ... Read Full Answer >>
Related Articles
  1. Taxes

    Small Business Tax Obligations: Payroll Taxes

    Don't leave it up to your accountant - owners are ultimately responsible for fulfilling tax obligations.
  2. Taxes

    Understanding The U.S. Tax Withholding System

    Understanding the origins of our tax withholding system is crucial to getting the most out of it.
  3. Taxes

    Tax Withholding: Good For Government, Bad For Taxpayers

    It's important to understand where that money coming out of your paycheck goes and why - after all, you earned it.
  4. Taxes

    3 Common Tax Questions Answered

    We clarify some rules that often puzzle taxpayers.
  5. Economics

    How The GDP Of The US Is Calculated

    The US GDP may not be a perfect economic measure, but the ability to compare it to prior periods and other countries makes it the most applicable.
  6. Taxes

    Are Taxes the Solution for Income Inequality?

    Income inequality continues to increase. Why? And are taxes the solution?
  7. Taxes

    Presidential Candidates And Wall Street In 2016

    Wall Street's influence will play a large role in the 2016 presidential race. As election season begins, candidates are showing their true colors.
  8. Economics

    Presidential Candidates For Students In 2016

    Early 2016 Presidential candidates are already making clear their intended strategies for solving the country's growing student loan debt issues.
  9. Economics

    China And The Maritime Silk Road

    We provide an overview of China's planned Maritime Silk Road.
  10. Forex Education

    What Is A Currency War And How Does It Work?

    We look at what a currency war is, what factors may lead to it, the impacts of such a strategy, and whether there is a currency war currently.

You May Also Like

Hot Definitions
  1. Expected Return

    The amount one would anticipate receiving on an investment that has various known or expected rates of return. For example, ...
  2. Carrying Value

    An accounting measure of value, where the value of an asset or a company is based on the figures in the company's balance ...
  3. Capital Account

    A national account that shows the net change in asset ownership for a nation. The capital account is the net result of public ...
  4. Brand Equity

    The value premium that a company realizes from a product with a recognizable name as compared to its generic equivalent. ...
  5. Adverse Selection

    1. The tendency of those in dangerous jobs or high risk lifestyles to get life insurance. 2. A situation where sellers have ...
Trading Center