Irs Pub

Department of the Treasury Internal Revenue Service

Contents

What’s New . . . . . . . . . . . . . . . . . . . . . . . . . . . . Calendar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 3 6 7 7 8 8 9

Publication 15

(Rev. January 2006)

Cat. No. 10000W

Reminders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1. Employer Identification Number (EIN) . . . . . . .

(Circular E), Employer’s Tax Guide

(Including 2006 Wage Withholding and Advance Earned Income Credit Payment Tables)

2. Who Are Employees? . . . . . . . . . . . . . . . . . . . . 3. Family Employees . . . . . . . . . . . . . . . . . . . . . . . 4. Employee’s Social Security Number (SSN) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5. Wages and Other Compensation . . . . . . . . . . .

6. Tips . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 7. Supplemental Wages . . . . . . . . . . . . . . . . . . . . 12 8. Payroll Period . . . . . . . . . . . . . . . . . . . . . . . . . . 13 9. Withholding From Employees’ Wages . . . . . . . 14 10. Advance Earned Income Credit (EIC) Payment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 11. Depositing Taxes . . . . . . . . . . . . . . . . . . . . . . . 19 12. Filing Form 941 . . . . . . . . . . . . . . . . . . . . . . . . . 23 13. Reporting Adjustments on Form 941 . . . . . . . . 25 14. Federal Unemployment (FUTA) Tax . . . . . . . . . 28 15. Special Rules for Various Types of Services and Payments . . . . . . . . . . . . . . . . . . 30 16. How To Use the Income Tax Withholding and Advance Earned Income Credit (EIC) Payment Tables . . . . . . . . . . . . . . 34 Tables: 2006 Income Tax Withholding Tables: Percentage Method . . . . . . . . . . . . . . . . Wage Bracket Method . . . . . . . . . . . . . . 2006 Advance EIC Payment Tables: Percentage Method . . . . . . . . . . . . . . . . Wage Bracket Method...