Personal and Business Taxes Prepared by Experts – Call Today 480-813-0342

Add a “Paycheck Checkup” to Your Spring To-Do List

on Apr 2, 2018

Individuals

If you are an employee, your employer probably withholds income tax from your pay. Tax may also be withheld from certain other income — including pensions, bonuses, commissions, and gambling winnings.

 

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Employers

Employers are required by law to withhold employment taxes from their employees. Employment taxes include federal income tax withholding and Social Security and Medicare Taxes.

 

 

Foreign Persons

Most types of U.S. source income received by a foreign person are subject to U.S. tax of 30 percent. The tax is generally withheld (Non-Resident Alien withholding) from the payment made to the foreign person.