IRS publication 15 is the document you need to take time to study if you have employees working for you. It’s a good idea for employees to read this document, too. IRS publication 15 is also called Employer’s Tax Guide. It explains what people are considered to be employees. What tax forms should be filled out for them – is something you can learn from IRS publication 15. This document explains how to deal with your family members or your children, who become employed by you.
You also learn how to tax your employees for the tips the get during the work time at your company. IRS publication 15 provides you with information on what type of tax forms you should fill out for each and every one of your employees and how you should withhold the tax money from their wages.
It also lists the types of tax that has to be withheld by an employer from his or her employees. There are special table you can use for that purpose and the document teaches you how these tax withholding tables should be used. It provides you with the schedule for depositing the tax, as well as with other useful information on paying tax on your employees.