Examlex
List the requirements that must be met in order for a corporation to obtain S corporation status.
Semiweekly Schedule Depositor
This term refers to businesses that are required to deposit employment taxes on a semiweekly basis, typically when they have accrued a certain amount of tax liability.
Tax Liability
The total amount of tax owed to federal, state, or local tax authorities for a given period.
Form 4070
A tax form used by employees in the United States to report tips received to their employer.
Tax Withholding
The portion of an employee's wages that is not included in their paycheck because it is sent directly to the federal, state, or local tax authorities as partial payment of income tax.
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