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Review withholding compliance questions and answers related to W-4.

This section provides information about finding, hiring, and training employees, recording their Social Security numbers, determining wage withholding, and determining whether those assisting you with routine housework are household employees.

Tax Tip 2022-158, October 17, 2022 — The next tax season seems far away, but this is actually the perfect time for taxpayers to review their withholding and estimated tax payments. Because federal taxes are pay-as-you-go, it’s important for taxpayers to withhold enough from their paychecks or pay enough in estimated tax.

Most businesses start out small. The checklist below provides the basic steps you should follow to start a business.

Information about Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions, including recent updates, related forms and instructions. Form W-4R is used so your payer can withhold the correct amount of federal income tax from your nonperiodic payment(s) or eligible rollover distribution from an employer retirement plan, annuity (including a commercial annuity), or individual retirement arrangement (IRA).

Who must pay estimated taxes, how much to pay and when to pay them.

Information about Form W-2, Wage and Tax Statement, including recent updates, related forms and instructions on how to file. Form W-2 is filed by employers to report wages, tips, and other compensation paid to employees as well as FICA and withheld income taxes.

Keep all records of employment taxes for at least four years. These should be available for IRS review.

IR-2022-120, June 8, 2022 — The Internal Revenue Service reminds taxpayers who pay estimated taxes that the deadline to pay their second quarter tax liability is June 15.

IR-2023-85, April 17, 2023 — The IRS reminds taxpayers that IRS.gov provides last-minute tax return filers with the resources they need to get taxes done before the April 18 deadline.