IRS Disagrees With Tax Court on Ability to Designate Employment Tax Payments as Income Tax Withholding

The IRS announced in that it will not follow a Tax Court holding�that an employer may designate payments of its employment taxes to the income taxes of specific employees.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/vJKbR4Ogb90/Tax_Clinic_04.aspx

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