Federal Taxes

When you begin working for a new employer, you will likely be asked to complete an IRS Form W-4. This form lets your employer know how much federal income tax to withhold from your paycheck. If...

Obtaining a federal tax ID number, also known as an employer ID number (EIN) is a very simple process. With the help of the internet, the IRS has created an easy way to apply for and instantly...

The Social Security tax is designed to collect money from the current generation of workers to pay for the current retirement benefits. Income taxes are not used to pay for Social Security...

Income tax is a tax on working individuals and businesses. Through an often complex system, workers are required to pay federal taxes on their income each year. Taxable income includes salaries,...

If you are self-employed, or even if you also work for an employer, there are special tax-filing rules you must follow. For 2009, sole proprietors and independent contractors need to file Schedule...

If you are running a business and you have employees that you are paying, then you are required to pay federal employer taxes each tax year that you are in business. With employer federal taxes,...

Adopting a child can bring joy to any household. As an added bonus for adoption, you may be able to take an adoption credit against your taxes as well as exclude any employer-provided adoption...

In today's economy, more and more businesses are going under. As a result, there is a chance that you may not receive your W-2's from your defunct employer in a timely fashion. Here are tips for...

Whenever you start a new job, one of the forms your employer puts in front of you to fill out and sign is a W4 form. This form determines how much money your employer will withhold from your...

IRS Form 2159, entitled "Payroll Deduction Agreement," can be completed by individual taxpayers or their employers. It authorizes the Internal Revenue Service to deduct a monthly amount from their...