The IRS has released Publication 15-A: Employer's Supplemental Tax Guide. According to Tax Notes:
"The publication provides a supplement to Publication 15, which contains alternative methods and tables for figuring income tax withholding, combined income tax, employee Social Security tax, and employee Medicare tax withholding, as well as tables for withholding on distributions of Indian gambling profits to tribal members. Publication 15-A highlights the following changes: (1) employers that otherwise would be required to file Form 944 can now notify the IRS if they want to file quarterly Form 941 instead of annual Form 944; (2) the COBRA premium assistance credit has been extended and expanded; (3) employers and other verifying agents may now use an automated telephone service to verify up to 10 employee names and Social Security numbers. There is also optional withholding adjustments for pensions; the additional withholding tables are in Publication 15."
See Also: IRS Releases Publication Providing Guidance to Employers, 2010 TNT 13-42 (January 21, 2010).
Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal
"The publication provides a supplement to Publication 15, which contains alternative methods and tables for figuring income tax withholding, combined income tax, employee Social Security tax, and employee Medicare tax withholding, as well as tables for withholding on distributions of Indian gambling profits to tribal members. Publication 15-A highlights the following changes: (1) employers that otherwise would be required to file Form 944 can now notify the IRS if they want to file quarterly Form 941 instead of annual Form 944; (2) the COBRA premium assistance credit has been extended and expanded; (3) employers and other verifying agents may now use an automated telephone service to verify up to 10 employee names and Social Security numbers. There is also optional withholding adjustments for pensions; the additional withholding tables are in Publication 15."
Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal
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