IRS Publication 15

IRS Publication 15, also known as Circular E, provides employers with official guidelines on how to withhold and report federal income tax, Social Security, and Medicare taxes from employees' wages. It outlines procedures for payroll tax responsibilities, including depositing taxes, filing returns, and handling special situations like new employees or part-time workers. Essentially, it's a comprehensive resource to ensure employers comply with federal tax laws related to employee compensation, helping avoid penalties and ensuring accurate tax reporting.