What do you do if you withheld too much social security and medicare tax from an employee's wage? - fica withholding percentage
It seems that the error rate in the calculation of a month, because one of my employees had accidentally entered its surplus FICA and Medicare. I reported what happened on the Form W-2, but now seems a great failure that affects the back, forcing them to pay more (if they were honest with me about this issue) Although there is no overpayment. What must I do to correct this situation and / or what?
Sunday, January 17, 2010
Fica Withholding Percentage What Do You Do If You Withheld Too Much Social Security And Medicare Tax From An Employee's Wage?
3 comments:
If you correct too much withheld FICA / MC, and give them the money.
FICA / MC taxes should not change (unless you're talking about income advanced and Article 12 of the W-2).
No, overwithheld. Enter your * * return of the employee FICA / MC, and seek reimbursement from the employer / employee of the money through a form 843rd
Withholding Social Security and Medicare, you do not need too much for the workers to pay more taxes. If exaggerated their income, then your liability would be greater. You can use the situation by paying the employee the amount of social security more restrained and given to a W2 form to be corrected and corrected, if 941 is not properly corrected.
http://www.irs.gov/pub/irs-pdf/i941.pdf
http://www.irs.gov/pub/irs-pdf/iw2cw3c.p ...
Have a good day.
Lee, Registered Agent
This Council was established on the basis of our understanding of the tax law at the time when it was written, it applies to the facts, has been set you. Click on my profile to learn more.
She led by Jackson Hewitt, my employer told me much later rise to Tax Out. It is now between me and my employer. To touch something that had nothing about. I even prepared a thousand dollars in a half hour and get the rest of prly Friday. It appears that your employee is going crazy for something to decorate and the history is also delayed which has something for him / her.
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