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Report Link IRS Clarifies Income Tax Withholding Requirements for Certain Types of Compensation.McGuire Woods LLP - July 07, 2008 The rules for withholding federal income tax from salary and other compensation-related payments can be complicated. Recent legislative and regulatory changes to the withholding requirements for “supplemental wages” have added to this complexity. In an attempt to clarify the withholding requirements for supplemental wages, the IRS has issued Revenue Ruling 2008-29 which explains through a series of examples how income tax withholding should be determined for various types of payments. Report Link IRS Provides Guidance on Proper Income Tax Withholding for Nine Common Supplemental Wage Payment Scenarios.Littler Mendelson, P.C. - June 19, 2008 In Revenue Ruling 2008-29, the IRS has provided specific guidance on the proper amount of federal income tax an employer must withhold in nine different situations under the supplemental wage regulations1 that became effective January 1, 2007. Typically, states with income taxes default to following federal regulation principles for distinguishing between regular and supplemental wages. In addition to federal income tax withholdings, states also look for proper withholding on supplemental wages for state income tax purposes. Report Link IRS Issues Final Regulations on Supplemental Wage Payments.Littler Mendelson, P.C. - September 13, 2006 On July 25, 2006, the IRS released final regulations addressing the issue of supplemental wages.1 The new regulations are effective for payments made beginning January 1, 2007. Employers should specifically understand the changes that will occur that may require modifications to current payroll systems.
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Articles Found: 3 ArticlesNO SUBTOPICSEmployment Law Seminars
43rd Annual Midwest Labor and Employment Law Seminar on October 12-13, 2008
Easton
October 12, 2008 Baker HostetlerReserve the Dates!!! – Public Sexual Harassment Training Webinar for Supervisors and ManagersOnline
October 14, 2008 Ballard RosenbergThe 2008 Nevada Employer: RenoReno
October 14, 2008 LittlerSouth Carolina's Immigration Law, I-9 & E-Verify Breakfast BriefingSpartanburg
October 14, 2008 Ford & HarrisonEmployment Law WorkshopLa Jolla
October 14, 2008 Fisher & PhillipsHiring minors: Legal issues to considerPhiladelphia
October 14, 2008 Buchanan IngersollEmployment Law Developments in IndianaCarmel
October 15, 2008 OgletreeEmployment Law Developments in TennesseeNashville
October 15, 2008 OgletreeWorkplace Harassment SeminarIndianapolis
October 16, 2008 Indiana Chamber of CommerceFlorida Employment Law UpdateTampa
October 16, 2008 Ogletree |
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