MCB Accounting Blog
IRS Releases 2012 Withholding Tables and Employer's Tax Guide
- Posted At : January 15, 2012 3:58 PM
- | Posted By : Nancy Coffman
- Related Categories: Tax News, Featured Events
The Internal Revenue Service has released withholding tables for employers to use in 2012. This information is contained in the 2012 Publication 15 Employer's Tax Guide.
However, there is continued uncertainty regarding the future of 2011's temporary payroll tax cut, with lawmakers debating whether to extend the Social Security tax cut and how to pay for it if it is extended. To address this uncertainty, the IRS has created a web page specifically to track any future developments (such as legislation) that affect employers' withholding obligations. Any such information will be posted at www.IRS.gov/notice1036.
Contact an MCB Tax Adviser for your tax and accounting needs at 703.218.3600 or at info@mcb-cpa.com.
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