2007 withholding tables published for physician practice payroll

Written and Reviewed by Reed Tinsley | December 7, 2006

New 2007 Withholding Tables for Physician Practice Payroll: What You Need to Know

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 the Author

Reed Tinsley CPA

This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on accounting & tax, practice management, and financial planning. Schedule a Free Consultation.

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