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. Excess Employer Withholding

    When one or more employers withhold more than the aggregate maximum ...
  4. Federal Income Tax

    A tax levied by the United States Internal Revenue Service (IRS) ...
  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 >>
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. Taxes

    Will Itemized Deductions Get You A Bigger Refund?

    April and taxes are due soon. If you need to file your return, you might have to decide if itemizing your deductions this year will net you a better deal.
  6. Savings

    How Microeconomics Affects Everyday Life

    Microeconomics is the study of how individuals and businesses make decisions to maximize satisfaction. Microeconomic principles can describe many everyday experiences. We use renting a New York ...
  7. Credit & Loans

    6 Ways To Build Credit Without A Credit Card

    It's definitely possible – if a bit more complicated – to build a credit history without traditional credit cards. Just follow these steps.
  8. Taxes

    The First Thing You Should Do With Your Tax Refund

    Nobody likes to pay taxes, but everyone loves to get a tax refund. When the check arrives in the mail, it's hard to resist spending it on some indulgence.
  9. Taxes

    How Does An IRS Audit Work?

    It doesn't automatically mean an IRS agent will be ringing your doorbell. Here are the different types of IRS audits and how to handle them.
  10. Taxes

    What is the Effective Tax Rate?

    The effective tax rate is the average rate at which an individual or corporation is taxed per year.

You May Also Like

Hot Definitions
  1. Price-To-Sales Ratio - PSR

    A valuation ratio that compares a company’s stock price to its revenues. The price-to-sales ratio is an indicator of the ...
  2. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  3. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  4. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  5. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
  6. Absorption Costing

    A managerial accounting cost method of expensing all costs associated with manufacturing a particular product. Absorption ...
Trading Center