IRS Publication 15 - Employer's Tax Guide

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.

BREAKING DOWN '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.

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RELATED FAQS
  1. What is the difference between a single and a married withholding tax?

    Find out how the withholding tax differs for married and single individuals, including examples of how the income tax rate ... Read Answer >>
  2. What is the difference between a state income tax and a federal income tax?

    Learn the difference between state income tax and federal income tax based on tax rates, deductions, tax credits and taxable ... Read Answer >>
  3. Do I need to file an income tax return every year?

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  4. How do I determine what to pay in taxes if my employer doesn't withhold payroll taxes?

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