2020 Instructions for Form 945 - IRS tax forms

1 2017 Department of the Treasury Internal Revenue Service Instructions for form 945. Annual Return of Withheld federal Income Tax Section references are to the Internal Revenue Code payments made this way. To learn more about the unless otherwise noted. information you will need to give your financial institution to make a same-day wire payment, go to Future Developments SameDayWire. Timeliness of federal tax deposits. If a deposit is For the latest information about developments related to required to be made on a day that isn't a business day, the form 945 and its Instructions , such as legislation enacted deposit is considered timely if it is made by the close of after they were published, go to the next business day.

2 A business day is any day other than a Saturday, Sunday, or legal holiday. The term legal What's New holiday for deposit purposes includes only those legal holidays in the District of Columbia. Legal holidays in the New filing addresses. The filing addresses for District of Columbia are provided in section 11 of Pub. 15. employers located in Georgia, Illinois, Kentucky, Michigan, Tennessee, and Wisconsin have changed. See electronic filing and payment. Now, more than ever Where To File, later. before, businesses can enjoy the benefits of filing tax returns and paying their federal taxes electronically. Reminders Whether you rely on a tax professional or handle your own Correcting a previously filed form 945.

3 If you taxes, the IRS offers you convenient programs to make discover an error on a previously filed form 945, make the filing and paying easier. Spend less time worrying about correction using form 945-X, Adjusted Annual Return of taxes and more time running your business. Use e-file and Withheld federal Income Tax or Claim for Refund. form EFTPS to your benefit. 945-X is filed separately from form 945. For more For e-file, go to for additional information, see the Instructions for form 945-X or go to information. A fee may be charged to file electronically. For EFTPS, go to or call EFTPS Customer Service at 1-800-555-4477 or 1-800-733-4829 (TDD) for federal tax deposits must be made by electronic additional information.

4 Funds transfer (EFT). You must use EFT to make all federal tax deposits. Generally, an EFT is made using the If you're filing your tax return or paying your electronic federal Tax Payment system (EFTPS). If you ! federal taxes electronically, a valid employer CAUTION identification number (EIN) is required at the time don't want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other the return is filed or the payment is made. If a valid EIN. trusted third party to make electronic deposits on your isn't provided, the return or payment won't be processed. behalf. Also, you may arrange for your financial institution This may result in penalties.

5 See Employer Identification to initiate a same-day wire payment on your behalf. Number (EIN), later, for more information about applying EFTPS is a free service provided by the Department of for an EIN. Treasury. Services provided by your tax professional, electronic funds withdrawal (EFW). If you file form financial institution, payroll service, or other third party 945 electronically, you can e-file and e-pay ( electronic may have a fee. funds withdrawal) the balance due in a single step using For more information on making federal tax deposits, tax preparation software or through a tax professional. see section 11 of Pub. 15. To get more information about However, don't use EFW to make federal tax deposits.

6 EFTPS or to enroll in EFTPS, go to , or call For more information on paying your taxes using EFW, go 1-800-555-4477 or 1-800-733-4829 (TDD). Additional to information about EFTPS is also available in Pub. 966. Credit or debit card payments . You can pay the For an EFTPS deposit to be on time, you must balance due shown on form 945 by credit or debit card. ! submit the deposit by 8 Eastern time the day Your payment will be processed by a payment processor CAUTION before the date the deposit is due. who will charge a processing fee. Don't use a credit or debit card to make federal tax deposits. For more Same-day wire payment option. If you fail to submit a information on paying your taxes with a credit or debit deposit transaction on EFTPS by 8 Eastern time the card, go to day before the date a deposit is due, you can still make your deposit on time by using the federal Tax Collection Online payment agreement.

7 You may be eligible to Service (FTCS). To use the same-day wire payment apply for an installment agreement online if you can't pay method, you will need to make arrangements with your the full amount of tax you owe when you file your return. financial institution ahead of time. Please check with your For more information, see What if you can't pay in full, financial institution regarding availability, deadlines, and later. costs. Your financial institution may charge you a fee for Oct 02, 2017 Cat. No. 20534D. Paid preparers must sign form 945. Paid preparers Plans, IRAs, Insurance Contracts, etc.; or 1099-MISC, must complete and sign the paid preparer's section of Miscellaneous Income) or form W-2G, Certain Gambling form 945.

8 Winnings, must be reported on form 945. Outsourcing your tax duties. You're responsible to Don't report federal income tax withholding from wages ensure that tax returns are filed and deposits and on form 945. All federal income tax withholding and payments are made, even if you contract with a third party employment taxes reported on form W-2, Wage and Tax to perform these acts. You remain responsible if the third Statement, must be reported on form 941, Employer's party fails to perform any required action. If you choose to QUARTERLY federal Tax Return; form 943, Employer's outsource any of your tax duties (that is, withholding, Annual federal Tax Return for Agricultural Employees.)

9 Reporting, and paying over federal income tax) to a form 944, Employer's ANNUAL federal Tax Return;. third-party payer, such as a payroll service provider or Schedule H ( form 1040), Household Employment Taxes;. reporting agent, go to or form CT-1, Employer's Annual Railroad Retirement for helpful information on this topic. Tax Return, as appropriate. How to get forms and publications. You can download Don't report on form 945 federal income tax withheld or print some of the forms and publications you may need on distributions to participants from nonqualified pension on Otherwise, you can go to plans (including nongovernmental section 457(b) plans). OrderForms to place an order and have forms mailed to and some other deferred compensation arrangements you.

10 You should receive your order within 10 business that are treated as wages and are reported on form W-2. days. Report such withholding on form 941 or form 944. See Pub. 15 for more information. Where can you get telephone help? For answers to your questions about completing form 945 or tax deposit Compensation paid to H-2A visa holders. Generally, rules, you can call the IRS at 1-800-829-4933 (Business report compensation of $600 or more paid to foreign and Specialty Tax Line) or 1-800-829-4059 (TDD/TTY for agricultural workers who entered the country on H-2A. persons who are deaf, hard of hearing, or have a speech visas on form W-2 and form 943. However, if an H-2A.)