Form 945

Form 945

A form a company files with the IRS to declare the taxes withheld on non-payroll payments made to an employee. For example, a company may file Form 945 to declare withholdings from an employee's pension distributions.
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These forms include: Form 940 series, Employer's Annual Federal Unemployment (FUTA) Tax Return; Form 941 series, Employer's Quarterly Federal Tax Return; Form 943 series, Employer's Annual Federal Tax Return for Agricultural Employees; Form 944, Employer's Annual Federal Tax Return (an annualized version of Form 941); Form 945, Annual Return of Withheld Federal Income Tax; and Form CT-1, Employer's Annual Railroad Tax Return.
In addition, when auditing Form 1042, the examiner is supposed to ascertain the statute of limitations on the audit years for both Form 1042 and Form 945, Annual Return of Withheld Federal Income Tax.
Any income withholding on the nonemployee-spouse is normally reported on Form 945, Annual Return of Withheld Federal Income Tax, which would be filed by the employee-spouse's employer.
These forms include: the Form 940 series, Employer's Annual Federal Unemployment (FUTA) Tax Return; the Form 941 series, Employer's Quarterly Federal Tax Return; the Form 943 series, Employer's Annual Federal Tax Return for Agricultural Employees; Form 944, Employer's Annual Federal Tax Return (an annualized version of Form 941); Form 945, Annual Return of Withheld Federal Income Tax; and Form CT-1, Employer's Annual Railroad Tax Return.
The employer reports the income tax withholding on wages paid to the nonemployee spouse on Form 945, Annual Return of Withheld Income Tax.
These forms include: Form 940 series, Employer's Annual Federal Unemployment (FUTA) Tax Return; Form 941 series, Employer's Quarterly Federal Tax Return; Form 943 series, Employer's Annual Federal Tax Return for Agricultural Employees; Form 944, Employer's Annual Federal Tax Return which will be an annualized version of Form 941; Form 945, Annual Return of Withheld Federal Income Tax; and Form CT-1, Employer's Annual Railroad Tax Return.
The employer reports the income tax withholding on Form 945, Annual Return of Withheld Federal Income Tax.
Form 940 Series - Employer's Annual Federal Unemployment Tax Return -- Form 941 Series - Employer's Quarterly Federal Tax Return -- Form 943 Series - Employer's Annual Federal Tax Return for Agricultural Employees -- Form 944 Series - Employer's Annual Federal Tax Return -- Form 945 Series - Annual Return of Withheld Federal Income Tax -- Form 1065 - U.
Form 945, Annual Return of Withheld Federal Income Tax: Revisions to the instructions to Form 945 primarily call attention to the electronic deposit requirement and its relation to Form 941, Employer's Quarterly Federal Tax Return.
Day 1: Form 1099 Tax Compliance for 2009 will cover: -- Payments made during 2009 that must be reported to the IRS on a Form 1099; -- Specific categories of payees and payments that are not reportable; -- Clues that should trigger doubt of the documentation furnished by a payee on Form W-9; -- Identifying the reportable payee in the case of sole proprietors, LLCs, or middle-agents; -- Payment situations in which the company has a backup withholding obligation; -- How to prepare IRS Forms 1099 for 2009 and file with the IRS; and -- Compliance with filing requirements for Form 945 and reconciliation of withheld federal tax.
These forms include: Form 940 series, Employer's Annual Federal Unemployment (FUTA) Tax Return; Form 941 series, Employer's Quarterly Federal Tax Return; Form 943 series, Employer's Quarterly Federal Tax Return for Agricultural Employees; Form 945, Annual Return of Withheld Federal Income Tax; and Form CT-1, Employer's Annual Railroad Tax Return.