If the exemption expires, withhold federal income tax according to the employee’s Form W-4 information. What are your employer responsibilities? As an employer, it is your job to withhold taxes from employee wages. If an employee gives you a Form W-4 that says they are exempt, don’t ...
-limitation: can't >50% W-2 wages paid by corp Executive Comp (C-Corp) -no more than $1,000,000 paid to CEO or 4 other most highly comp OFFICERS -entertain exp for officers, direcotrs and 10% SH can be deducted if included in their gross income ...