Depositing and reporting income tax withholding.

• Author: Laffie, Lesli S.
• Position: AICPA ACTIVITIES

The AICPA's Guide to Depositing and Reporting Income Taxes Withheld Under the Mandatory 20 Percent Withholding Rules (Guide) was updated in January 2006. It assists tax advisers in dealing with certain issues that arise for qualified plans required to withhold income taxes under the mandatory withholding provisions of the Unemployment Compensation Amendments Act of 1992. The Guide includes references to rules affecting elective withholdings from...