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Former Member
Jun 02, 2008 at 03:07 PM

Wuthholding Tax Calculation

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If taxes are deducted at sources for 1099 vendors, then do we need to ask the client for tax percentages or is it entered when paying the taxes.

When asked the client we were told that the percentage keeps changing and depends on what the 1099 vendor had filled in w-4 form. So we were not given the tax percentage.

In this case how do we proceed further with configuring withholding taxes for tax codes 04 (federal tax), and 16 (State taxes withheld).

Please help.