Instructions For Form 945 - Annual Return Of Withheld Federal Income Tax

2015

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

website at

and click on Same-day

unless otherwise noted.

wire.

Timeliness of federal tax deposits. If a deposit is

required to be made on a day that isn't a business day, the

Future Developments

deposit is considered timely if it is made by the close of

For the latest information about developments related to

the next business day. A business day is any day other

Form 945 and its instructions, such as legislation enacted

than a Saturday, Sunday, or legal holiday. The term “legal

after they were published, go to

holiday” for deposit purposes includes only those legal

holidays in the District of Columbia. Legal holidays in the

Reminders

District of Columbia are provided in Pub. 15.

Correcting a previously filed Form 945. If you

Electronic filing and payment. Now, more than ever

discover an error on a previously filed Form 945, make the

before, businesses can enjoy the benefits of filing tax

correction using Form 945-X, Adjusted Annual Return of

returns and paying their federal taxes electronically.

Withheld Federal Income Tax or Claim for Refund. Form

Whether you rely on a tax professional or handle your own

945-X is a stand-alone form, meaning taxpayers can file

taxes, the IRS offers you convenient programs to make

Form 945-X when an error is discovered. For more

filing and paying easier. Spend less time worrying about

information, see the Instructions for Form 945-X or visit

taxes and more time running your business. Use e-file and

IRS.gov and enter “correcting employment taxes” in the

EFTPS to your benefit.

search box.

For e-file, visit the IRS website at

for

additional information.

Federal tax deposits must be made by electronic

funds transfer (EFT). You must use EFT to make all

For EFTPS, visit

or call EFTPS

federal tax deposits. Generally, an EFT is made using the

Customer Service at 1-800-555-4477 or 1-800-733-4829

Electronic Federal Tax Payment System (EFTPS). If you

(TDD) for additional information.

don't want to use EFTPS, you can arrange for your tax

If you are filing your tax return or paying your

professional, financial institution, payroll service, or other

federal taxes electronically, a valid employer

trusted third party to make electronic deposits on your

identification number (EIN) is required at the time

behalf. Also, you may arrange for your financial institution

CAUTION

the return is filed or the payment is made. If a valid EIN

to initiate a same-day wire payment on your behalf.

isn't provided, the return or payment won't be processed.

EFTPS is a free service provided by the Department of

This may result in penalties.

Treasury. Services provided by your tax professional,

financial institution, payroll service, or other third party

Electronic funds withdrawal (EFW). If you file Form

may have a fee.

945 electronically, you can e-file and e-pay (electronic

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.

EFTPS or to enroll in EFTPS, visit the EFTPS website at

For more information on paying your taxes using EFW,

, or call 1-800-555-4477 or

visit the IRS website at . A fee may

1-800-733-4829 (TDD). Additional information about

be charged to file electronically.

EFTPS is also available in Pub. 966.

Credit or debit card payments. Payors 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 p.m. Eastern time the day

Don't use a credit or debit card to make federal tax

before the date the deposit is due.

CAUTION

deposits. For more information on paying your taxes with

Same-day wire payment option. If you fail to submit a

a credit or debit card, visit the IRS website at

deposit transaction on EFTPS by 8 p.m. Eastern time the

payments.

day before the date a deposit is due, you can still make

Online payment agreement. You may be eligible to

your deposit on time by using the Federal Tax Collection

apply for an installment agreement online if you have a

Service (FTCS). To use the same-day wire payment

balance due when you file your return. For more

method, you will need to make arrangements with your

information, see What if you can't pay in full, later.

financial institution ahead of time. Please check with your

financial institution regarding availability, deadlines, and

Paid preparers must sign Form 945. Paid preparers

costs. Your financial institution may charge you a fee for

must complete and sign the paid preparer’s section of

payments made this way. To learn more about the

Form 945.

information you will need to provide your financial

Outsourcing your tax duties. You are responsible to

institution to make a same-day wire payment, visit the IRS

ensure that tax returns are filed and deposits and

Sep 30, 2015

Cat. No. 20534D

Instructions For Form 945 - Annual Return Of Withheld Federal Income Tax - 2017

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