Accounting and Tax Services
Dec 29

IRS Releases Publication on Tax Guidance for Household Employers

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 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 →