Accounting and Tax Services
Dec 07

2007 withholding tables published for physician practice payroll

Employment Taxes—2007 Tax Withholding Tables: The IRS released the 12/06 revision of Notice 1036 , which contains early release copies of the tables that will appear in the 1/07 revision of IRS Pub. 15 (Circular E), "Employer’s Tax Guide." The tables (for income tax withholding under the percentage and wage bracket methods, and for the advance earned income credit under the percentage and wage bracket methods) will apply to wages paid in 2007. Notice 1036 can be viewed at www.irs.gov/pub/irs-pdf/n1036.pdf .

About Reed Tinsley, CPA

As a top advisor to physicians, I help increase practice profits by delivering hands-on, expert medical accounting/tax support, practice counsel, and revenue-building strategies. Read more →