The Internal Revenue Service works to publish the Employer Tax Guide, which is also known as an e-circular. Employers can use the publication for information and instructions on their federal tax obligations. The essential IRS requirements for withholding and depositing tax, as well as submitting employer tax responsibilities, are included.
Employees are responsible for paying employee income taxes, as well as social security and Medicare taxes. E circular explains who is responsible for collecting, notifying, collecting, settling, and correcting employment taxes. E-circular covers distinct types of workers, taxes, payroll periods, the Earned Income Credit, Earnings and Other Payments, and Security Numbers of the employees, among other important things. E-circular also includes details on how to hire new employees, keep records, manage deadlines, file online and payments, and how to purchase free IRS employer tax goods.