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Withholding holdout
Entrepreneur, Oct, 2002 by Stephen Barlas
THE IRS IS DELAYING ASSESSING FICA or FUTA TAXES, or imposing federal income tax withholding, on income from the exercise of statutory stock options or from the sale of the stock itself. "Given the significant administrative changes required to implement the proposed withholding, a delay in the effective date is necessary," says Pam Olson, acting assistant secretary for tax policy. "Consequently, employers will not be required to implement the changes until at least two years after the regulations have been issued in final form."
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STEPHEN BARLAS is a freelance business reporter who covers the Washington beat for 15 magazines.
COPYRIGHT 2002 Entrepreneur Media, Inc.
COPYRIGHT 2008 Gale, Cengage Learning
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Most Popular Articles in Business
- Research and Markets : Tesco Plc - SWOT Framework Analysis
- Do Us a Flavor - Ben & Jerry's Issues a Call for Euphoric New Flavors
- eBay made easy: ready to start an eBay business? These 5 simple steps will ...
- Katrina's lawsuit surge: a legal battle to force insurers to pay for flood ...
- Wal-Mart's newest distribution center opened last month near the southwest ...
- More »