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A companies federal identification number is similar to a person's social number and you don't give that to anyone who wants it. For the same reason, you have no right or reason to have the federal identification number for a company. Why would you want their number anyway unless it is for some type of fraudulent usage.
What else can I help you with?
What is back up withholding from the IRS?
Backup withholding is an investment term. Essentially, it means federal income tax that is withheld by a bank when it does not have the account holder's Social Security number on file.
Difference between income tax and withholding tax?
The income tax is what is paid by "withholding of tax" from someones payment/pay. Other taxes or charges, like insurance, worker comp, etc may be [apd by withholding the amount from payment/payroll. There is really no such thing as a tax on withholding.
What is Classic Withholding Tax?
Classic Withholding Tax applies to the practice in some countries for people paying invoices to hold back a certain portion of their payment for withholding tax purposes. The United Kingdom is one of the countries the utilizes the Classic Withholding tax method.
Is withholding tax a direct tax?
yes
How do you treat withholding tax in the books?
Like any other accrued liability/account payable, own account is nice, not entirely nessasary. It is charged as part of payroll expense (which it is).
What is back up withholding from the IRS?
Backup withholding is an investment term. Essentially, it means federal income tax that is withheld by a bank when it does not have the account holder's Social Security number on file.
How many regular withholding allowances should I claim on my tax forms?
The number of regular withholding allowances you should claim on your tax forms depends on your personal situation. It is recommended to consult with a tax professional or use the IRS withholding calculator to determine the appropriate number of allowances for your specific circumstances.
Why withholding tax is required in SAP?
Withholding tax is not required in SAP but this functionality available for the countries where it is required. There are two kinds of Withholding tax, Classic and Extended.
How can I ensure that my third paycheck of the month is received tax-free?
To ensure that your third paycheck of the month is received tax-free, you can adjust your tax withholding on your W-4 form with your employer to account for the extra paycheck. This will help prevent over-withholding and reduce the tax burden on that specific paycheck.
Difference between income tax and withholding tax?
The income tax is what is paid by "withholding of tax" from someones payment/pay. Other taxes or charges, like insurance, worker comp, etc may be [apd by withholding the amount from payment/payroll. There is really no such thing as a tax on withholding.
Can I use FedEx to mail my tax return?
Yes, you can use FedEx to mail your tax return.
Is withholding tax a direct tax?
yes
What is Classic Withholding Tax?
Classic Withholding Tax applies to the practice in some countries for people paying invoices to hold back a certain portion of their payment for withholding tax purposes. The United Kingdom is one of the countries the utilizes the Classic Withholding tax method.
What should my withholding allowance be for the upcoming tax year?
Your withholding allowance for the upcoming tax year should be determined based on your personal financial situation and tax obligations. It is recommended to review the IRS guidelines and use their withholding calculator to determine the appropriate number of allowances to claim on your W-4 form.
What is total federal income tax withholding reported on the Thurstons' tax return?
16. The Thurstons' total federal income tax withholding is $
What is the type of tax you pay from their salary?
withholding tax
Is overseas communication tax an expanded withholding tax?
No. Its an excise tax
