Written and Reviewed by Reed Tinsley |
December 29, 2015
If you are a physician with an household employee help, the IRS has released Publication 926 (rev. 2015), Household Employer’s Tax Guide, for use in 2016, discussing how to determine and report Social Security tax, Medicare tax, federal unemployment tax, and federal income tax withholding for household employees and what records household employers should keep.
https://www.irs.gov/pub/irs-pdf/p926.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.
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