FORMS
Annual form Federal Unemployment tax is generally reported on.
What is Form 940?
The 3 types of taxes we discussed recently which an employer may be responsible for reporting.
What is Federal Income Tax, FICA Federal Insurance Contributions Act tax (ss & medicare), and FUTA Federal Unemployment Tax?
These taxes have a combined rate of 12.4%
What is Social Security Taxes? 21.7.2.3.3
Publication used to help compute FIT
PUB 15-T, Federal income tax withholding Methods
Interactive Tax Law Assistant (ITLA)
What is Form 943
A tax imposed on business income of $400 or more.
What is SECA (Self-employment Contributions Act)?
These taxes have a combined rate of 2.9%
What are Medicare Taxes? 21.7.2.3.3
Publication for employers of agricultural workers
Publication 51 (Circular A), Agricultural Employer's Tax Guide
An employer or payer is responsible for reporting the wages and withholding information to the IRS using an ___________ return. For example, Form W-2 or 1099
What is, Information Return
This is filled out by the employee, and given to the employer to determine the Federal Income Tax.
What is Form W-4?
A tax imposed on Railroad Employers and Employees to provide funds for retirement benefits
What is RRTA (Railroad Retirement Tax Act Tax)
Maximum FUTA TAX Rate on first $7,000 of each employees annual wages
What is 6.0 percent (.060)? IRM 21.7.3.3.6
When discussing deposit requirements with taxpayers during a phone call, it is helpful to reference Publication _____ Section ____, Depositing ____.
Publication 15, Section 11, Depositing Taxes
What letter does someone receive in the mail after they apply for an EIN and their number has been assigned to them?
CP 575A
Form used by Household Employers
What is Form 1040, Section H?
This type of tax should not be withheld from a statutory employee. (Someone who works for you but is not an employee under the common-law rules.)
What is Income Tax (from lesson 1) Publication 15 Section 2 "Who are Employees" and Employment Taxes Lesson 1.
25% IRM: 20.1.2.3.7
This Publication is titled, "Understanding your EIN".
What is Publication 1635?
Request for Taxpayer Identification Number and Certification is kept by the ______ and is Form W-__.
The employer keeps the W-9's for their records.
Annual Form used to report income tax withheld from non-wage payments (not subject to all employment taxes).
What is Form 945? IRM 21.7.2.4.8
This type of tax is listed on TXMOD as HOSP-INS-BNFT/WG
What is Total Medicare Wage Amount (can be seen on command code jobaid under T, TXMOD (Form 941/944 Posted Return).
This is the employee rate of social security taxes to be reported.
What is 6.2% 21.7.2.3.3 paragraph 2
This publication is a brochure helps someone distinguish if they are independent contractor or an employee.
What is Publication 1779 (Lesson 1)
System a CSR can use to order materials for the taxpayer.
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