e-Newsletter, December 30, 2009

Roundtable Software Newsletter #62, December 30, 2009

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In this issue...

New Withholding Calculation for Non-Resident Aliens
To offset the withholding reductions of the Making Work Pay Credit, there are new rules that apply to the calculation of Federal withholding amounts for non-resident aliens.

There are two parts to this change:
(1) an artificial increase to the wage base used to calculate the regular withholding amount (which requires a seperate set of FWT tables); and
(2) an additional tax on wages up to $87,700

To read more about these changes and how to implement them, click here. Additional information can be found on page 16 of Publication 15 (Circular E).

Federal Tables Available for 2010
A new ADPRTXTB.DAT file is available with the updated Federal tables for 2010. The OASDI and Medicare tables did not actually change but the listing is updated to reflect the current year. The FWT and EIC tables have changed, so if you use those calculations, you’ll want to download and install these new tables.

Click here to download the file.

Click here to review how to install new tax tables.

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