Deposits
The deposit frequency designation is made by reviewing the amount of tax the taxpayer originally reported in earlier tax periods.
What is the Lookback Period?
0131, 0430, 0731, 1031
What are due dates for the Form 941?
This form is used to report.
What is FIT & FICA of agricultural employees?
This form is used to report
What is payments other than wages, such as pensions, gambling winnings, or backup withholding?
$7000
What is the FUTA Wage Base?
New employers are considered these for their first calendar year.
What are Monthly Depositors?
What is an Invalid ROFTL?
11
What is the MFT code for the Form 943?
What is the process when the taxpayer files Form 945-X reporting over reported tax within 90 days of the expiration of the statute of limitations?
FUTA is Strictly
What is an Employer Only Tax?
$500
What is the amount that must be deposited for FUTA for a quarter?
$1,000 or less
What is the threshold to qualify for the Form 944, when reporting total annual tax liability?
February 10th of the following year
What is the due date for the Form 943 that all the deposits were made on time?
Taxpayers who are semi-weekly depositors are required to complete.
What is the Form 945-A?
A Federally recognized Indian Tribal Government
What is an organization EXEMPT from FUTA?
Legal term referring to things unworthy of the law's attention
What is De Minimis?
Check Box on Line 4, Form 941
What church should check to show that these wages are exempt?
A person who produces a crop on land owned by another person.
What is a Share Farmer?
What are administrative errors?
January 31st of the following year
What is the Form 940 due date?
A Monthly Depositor , who incurs this in a single deposit period, immediately becomes a Semi-weekly Depositor for the remainder of the calendar year and the following calendar year.
What is $100,000 or greater tax liability?
By phone by April 1st of the filing year, or a written request postmarked by March 15th
What is the deadline to Opt-in/out of the Form 944?
$150 & $2500
What are tests to see if agricultural wages are subject to FICA tax?
The due date for filing Form 945-X is determined by this and whether the taxpayer under reported or over reported their tax.
What is the date the error was discovered ?
No States or US Territories are this in Tax Year 2021.
What is a Credit Reduction State?