Tax withholding in the United States — In the United States income tax system, employers are required to withhold a portion of each employee s income and pay it directly to the U.S. Internal Revenue Service. This withholding acts as a prepayment of tax they will owe at the end of the… … Wikipedia
tax withholding — n. deduction of taxes from salary before giving the salary to the employee … English contemporary dictionary
Withholding tax — is an amount withheld by the party making payment to another (payee) and paid to the taxation authorities. The amount the payer deducts may vary, depending on the nature of the product or service being paid for. The payee is assessed on the gross … Wikipedia
Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… … Wikipedia
tax — 1 vt [Medieval Latin taxare to assess for taxation, tax, from Latin, to assess, value, fix] 1: to assess or determine judicially the amount of (costs of an action in court) 2: to levy a tax on tax the corporation tax capital gains tax·er n tax 2 … Law dictionary
Withholding — Withholding, in general, usually refers to a deduction of money (as withholding tax ) from an employee s wages or salary by an employer, for projected or actual Income tax liabilities, see:* PAYE (United Kingdom, Ireland, Australia and New… … Wikipedia
Tax information reporting — in the United States is a requirement for organizations to report wage and non wage payments made in the course of their trade or business to the IRS. This area of government reporting and corporate responsibility is continuously growing,… … Wikipedia
Tax protester statutory arguments — Part of the Taxation in the United States series Tax protest in the United States … Wikipedia
Tax protester (United States) — Part of a series on Taxation Taxation in the United States … Wikipedia
withholding tax — A tax levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country. Bloomberg Financial Dictionary Tax deducted at source on the payment of dividends or interest.… … Financial and business terms