EMPLOYMENT TAX

T.D. 9196, page 1000. REG–162813–04, page 1010. Final, temporary, and proposed regulations under section 3402(f) of the Code provide guidance for employers and employees relating to Form W–4, Employee’s Withholding Allowance Certificate . The regulations provide rules for the submission of copies of certain withholding exemption certificates to the IRS, the notification provided to the employer and the employee of the maximum number of exemptions permitted, and the use of substitute forms. A public hearing on the proposed regulations is scheduled for July 26, 2005.

Announcement 2005–34, page 1014. This document contains a notice of a public hearing on proposed regulations (REG–152945–04, 2005–6 I.R.B. 484) under section 3402 of the Code relating to the flat rate of withholding applicable to calculating the amount of income tax withholding on supplemental wages.