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ID Form 945: What You Should Know

A backup withholding return is a tax return that should be filed even if the payer believes the payee has non-age-related withholding exemptions. This document explains the use of the 945 filing if you are claiming the Federal Exemption. Backup withholding on employee's supplemental unemployment compensation (SSC) is used to recover certain payments if the payer believes an employer improperly collected the money and paid it to an individual instead of the employee when the employee should have received that money. The payer must send to the IRS a copy of all returns and correspondence that discuss an employment-related change. Form 709A Employment Taxes (Estate and Gift) Statement 2017 Form 709A Employment taxes are deductible in the year they are paid because of an exemption in Section 62(f)(1)(A). If you have other exemptions, and you still have to file, see Form 5471 for how to handle the payment of excess income tax. Form 5329-EZ Information Return for Individuals File Form 5329EZ to report any payments that exceed the limitation on total payments in the first year. Form 5210-EZ Information Return for Corporations (Partnerships with Employees) When an employer's payments exceed 50% of a recipient's total compensation, the payee can withdraw a total of 25% of that excess in the form of payment distributions. Form 5110EZ Information Return for Nonprofit Organizations (Partnerships with employees) When an employer's payments exceed 50% of a recipient's total compensation, the payee can withdraw a total of 25% of that excess in the form of tax-exempt distributions. Form 5471: Paying Excess Income Tax by Certain Nonprofit Organizations (Partnerships with employees) Form 941 — Employment Taxes (Estate and Gift) Statement, 2017 Form 941 was replaced by Form 945 on April 22, 2018. This is the last month to use Form 941 before it was replaced. This is the last month to take advantage of the special rate. The special rate is 5.8% per 1,000 of adjusted gross income (AGI) if the AGI has exceeded 10,500 for Form 941, and on the other forms for any taxable year that begins on or after June 17, 2018, or before January 1, 2020. See IRM 21.8.2.

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