Anyone who reports employment taxes must have an employer identification number.
"Of course, if everybody did that, you would have no employment taxes paid," he said.
An audit could result in paying a higher employment tax.
The previous selective employment tax went to the Treasury.
I remember the ridiculous plans such as the selective employment tax.
If you're a small employer and doing your own payroll, you'll also need to stay on top of changes in employment taxes.
More than 500 owed nearly $90 million, mostly in employment taxes that had not been forwarded to the Government.
If the employer pays, the contribution is also exempt from employment tax.
The credit applies against income tax, not employment taxes.
You will need to get your own employer identification number to report employment taxes or give tax statements to employees.