Get 2678

This form tells the IRS that you give PPL permission to act as your fiscal/employment agent. By signing this form, you authorize PPL to withhold taxes from your employees' paychecks and deposit those taxes with the IRS. With this form, you delegate the employer tax responsibility to PPL.

You can use Form 2848, Power of Attorney and Declaration of Representative for this purpose. Your signature on the Form 2848 allows the individual or individuals named to represent you before the IRS and to receive your tax information for the matter(s) and tax year(s)/period(s) specified on the Form 2848.

Reporting Agents An employer may appoint an agent to file its employment tax returns by filing Form 2678, Employer/Payer Appointment of Agent; and Form 8655, Reporting Agent Authorization. Form 2678 identifies the employer, the reporting agent, and the forms covered by the authorization.

In the U.S., the largest payroll taxes are a 12.4 percent tax to fund Social Security and a 2.9 percent tax to fund Medicare, for a combined rate of 15.3 percent. Half of payroll taxes (7.65 percent) are remitted directly by employers, with the other half withheld from employees' paychecks. Payroll Tax Definition | TaxEDU - Tax Foundation taxfoundation.org https://taxfoundation.org › taxedu › glossary › payroll-tax taxfoundation.org https://taxfoundation.org › taxedu › glossary › payroll-tax

Your representative must be an individual eligible to practice before the IRS. This includes: Attorneys, certified public accountants (CPAs) and enrolled agents. Enrolled retirement plan agents and enrolled actuaries with respect to Internal Revenue Code sections described in Circular 230.

Use this form to authorize a reporting agent to: Sign and file certain returns; Make deposits and payments for certain returns; Receive duplicate copies of tax information, notices, and other written and/or electronic communication regarding any authority granted; and. About Form 8655, Reporting Agent Authorization - IRS irs.gov https://.irs.gov › forms-pubs › about-form-8655 irs.gov https://.irs.gov › forms-pubs › about-form-8655

California has four state payroll taxes: Unemployment Insurance (UI) and Employment Training Tax (ETT) are employer contributions. State Disability Insurance (SDI) and Personal Income Tax (PIT) are withheld from employees' wages. California State Payroll Taxes - Overview - EDD - CA.gov ca.gov https://edd.ca.gov › What_Are_State_Payroll_Taxes ca.gov https://edd.ca.gov › What_Are_State_Payroll_Taxes

Payroll Service Provider (PSP) Prepare the paychecks for the employees of a common law employer/client; Prepare Forms 940 and 941 for each separate common law employer/client using that client's employer identification number (EIN); Third Party Arrangements | Internal Revenue Service IRS (.gov) https://.irs.gov › small-businesses-self-employed IRS (.gov) https://.irs.gov › small-businesses-self-employed