Sentences with phrase «necessary tax withholding»

You only want to have the necessary taxes withheld from your paycheck, nothing more.

Not exact matches

«If you have employees, you will have to set up a payroll and ensure that you withhold and pay the necessary employment taxes to the IRS.»

The agreement should state that the independent contractor, not the employer, is responsible for withholding any necessary taxes.

Your wages could be garnished, your tax refunds could be withheld (for multiple years if necessary), and even your retirement benefits could be at risk.

in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;

AND they withhold 30 % of your royalties for tax purposes, unless you have filled out the necessary forms AND live in a country where you have a tax treaty with them.

If you file a state income tax return, the same calculation is necessary for the amount withheld to pay your state income taxes.

TurboTax will walk you through the process of changing your withholding if necessary — and will help you get the biggest tax refund possible.

You will need to review the Mid-year Estimated Payments Checkup to make sure you have the proper amount of tax being withheld from your various sources, and whether or not it is necessary for you to make estimated payments throughout the year.

For Federal income tax purposes, the entire amount withheld can be treated as having been made as four timely quarterly payments of estimated tax regardless of when the withholding actually occurred, no questions asked, and if you meet the 110 % of last year's tax criterion, it is not necessary to go into the level of detail that Maryland wants.

Because tax was withheld at the source in Australia, at that time no Australian return was necessary.

Federal and state income tax will not be withheld from these payments, and it is your responsibility to make estimated tax payments if necessary.

If you're consistently getting big tax refunds, it's likely you're claiming too many allowances and, thus, having more money than necessary withheld from your paycheck.

Allow the Minister of National Revenue to withhold payment of tax refunds claimed by businesses which have not provided the necessary information.

Over-withholding — If a spouse's employer has withheld more than necessary to pay income taxes, or a spouse has overpaid their estimated quarterly tax payments, there might be a refund in the pipeline.

The certification procedures required to claim a reduced rate of withholding under a treaty will satisfy the certification requirements necessary to avoid the backup withholding tax as well.

Issuing a W - 2 and withholding the necessary payroll taxes is the recommended treatment as per IRS guidance.