Types of employee tax records

You must keep records of:

- Each employee's name, address and Social Security number.

- The amount of each wage payment, the amount of each payment subject to income tax withholding and the amount of income tax withheld.

- Copies of all employees' withholding allowance certificates (Form W-4).

- Any earned income credit advance payment certificates (Form W-5) filed with you by low-income wage earners who want to receive an advance on their earned income credit.

- Similar records must be kept for each employee for Social Security and Medicare taxes, as well as for federal unemployment taxes (FUTA).