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Senior Income Tax

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Senior Income Tax

Senior income tax Publication 521 - Additional Material Prev  Up  Next   Home   More Online Publications
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Understanding your CP166 Notice

We were unable to process your monthly payment because there were insufficient funds in your bank account.

Printable samples of this notice (PDF)

Tax publications you may find useful

How to get help

Calling the 1-800 number listed on the top right corner of your notice is the fastest way to get your questions answered.

You can also authorize someone (such as an accountant) to contact the IRS on your behalf using this Power of Attorney and Declaration of Representative (Form 2848).

Or you may qualify for help from a Low Income Taxpayer Clinic.
 


What you need to do

  • Make sure there’s enough money in your bank account to cover your monthly payment with us, plus any additional fees or penalty charges from your bank.

Answers to Common Questions

I sent my monthly payment in the mail this month. Why did the IRS attempt to debit my account?
Once you establish a Direct Debit Installment Agreement (DDIA), you have agreed to the IRS debiting the fixed payment on the established date every month. Unless you made other arrangements, your payment plan is by DDIA, so even if you mailed in a payment, we’ll still attempt to withdraw your monthly payment from your account.

I mailed the IRS my updated checking account information, but you tried to take the money out of my old account. How do I make sure you have the right account information?
If you think we haven’t updated your account information timely or accurately, please contact us at the toll free number on your notice to verify that we have the correct information on your Direct Debit Installment Agreement (DDIA). If your bank charged you a fee because we attempted to debit your old account, you will have to contact your bank for them to waive any fees they charged. Their fees are independent of any charges from the IRS.

I’m sure I had enough money in my account. Why did the bank tell you there were insufficient funds?
You’ll have to contact your bank to clarify the situation. In addition, if your installment agreement is now in default and you believe you had sufficient funds in your bank account on the payment due date, please write to the address shown on your notice. Be sure to include a signed statement of explanation along with proof you had sufficient funds. The lower portion of your notice must accompany any correspondence you send us.

How do I change my monthly payment date on my direct debit installment agreement?
Please call the toll-free number on your notice.

The notice I received mentioned that "interest may increase" if there are insufficient funds in my bank account. What’s the current interest, and how much will it increase?
Interest is charged on any unpaid balances on your account, so as long as you owe money, interest is charged and added to your account balance(s). The interest amount you owe on your unpaid balance will increase, but not the interest rate.

The rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.


Tips for next year

Consider filing your taxes electronically. Filing online can help you avoid mistakes and find credits and deductions that you may qualify for. In many cases you can file for free. Learn more about e-file.

Page Last Reviewed or Updated: 26-Mar-2014

The Senior Income Tax

Senior income tax Publication 15 - Introductory Material Table of Contents Future Developments What's New Reminders Electronic Filing and Payment Forms in Spanish Hiring New Employees Paying Wages, Pensions, or Annuities Information Returns Nonpayroll Income Tax Withholding Recordkeeping Change of Business Address or Responsible Party Private Delivery Services Telephone Help Ordering Employer Tax Forms and Publications Filing Addresses Dishonored Payments Photographs of Missing Children Calendar Introduction Future Developments For the latest information about developments related to Publication 15 (Circular E), such as legislation enacted after it was published, go to www. Senior income tax irs. Senior income tax gov/pub15. Senior income tax What's New Social security and Medicare tax for 2014. Senior income tax  The social security tax rate is 6. Senior income tax 2% each for the employee and employer, unchanged from 2013. Senior income tax The social security wage base limit is $117,000. Senior income tax The Medicare tax rate is 1. Senior income tax 45% each for the employee and employer, unchanged from 2013. Senior income tax There is no wage base limit for Medicare tax. Senior income tax Social security and Medicare taxes apply to the wages of household workers you pay $1,900 or more in cash or an equivalent form of compensation. Senior income tax Social security and Medicare taxes apply to election workers who are paid $1,600 or more in cash or an equivalent form of compensation. Senior income tax 2014 withholdng tables. Senior income tax  This publication includes the 2014 Percentage Method Tables and Wage Bracket Tables for Income Tax Withholding. Senior income tax Withholding allowance. Senior income tax  The 2014 amount for one withholding allowance on an annual basis is $3,950. Senior income tax Voluntary withholding on dividends and other distributions by an Alaska Native Corporation (ANC). Senior income tax  A shareholder of an ANC may now request voluntary income tax withholding on dividends and other distributions paid by an ANC. Senior income tax A shareholder may request voluntary withholding by giving the ANC a completed Form W-4V, Voluntary Withholding Request. Senior income tax For more information see Notice 2013-77, 2013-50 I. Senior income tax R. Senior income tax B. Senior income tax 632, available at www. Senior income tax irs. Senior income tax gov/irb/2013-50_IRB/ar10. Senior income tax html. Senior income tax Change of responsible party. Senior income tax  Beginning January 1, 2014, any entity with an employer identification number (EIN) must file Form 8822-B, Change of Address or Responsible Party — Business, to report the latest change to its responsible party. Senior income tax Form 8822-B must be filed within 60 days of the change. Senior income tax If the change in the identity of your responsible party occurred before 2014, and you have not previously notified the IRS of the change, file Form 8822-B before March 1, 2014, reporting only the most recent change. Senior income tax For a definition of “responsible party,” see the Form 8822-B instructions. Senior income tax Same-sex marriage. Senior income tax  For federal tax purposes, individuals of the same sex are considered married if they were lawfully married in a state (or foreign country) whose laws authorize the marriage of two individuals of the same sex, even if the state (or foreign country) in which they now live does not recognize same-sex marriage. Senior income tax For more information, see Revenue Ruling 2013-17, 2013-38 I. Senior income tax R. Senior income tax B. Senior income tax 201, available at www. Senior income tax irs. Senior income tax gov/irb/2013-38_IRB/ar07. Senior income tax html. Senior income tax Notice 2013-61 provides special administrative procedures for employers to make claims for refunds or adjustments of overpayments of social security and Medicare taxes with respect to certain same-sex spouse benefits before expiration of the period of limitations. Senior income tax Notice 2013-61, 2013-44 I. Senior income tax R. Senior income tax B. Senior income tax 432, is available at www. Senior income tax irs. Senior income tax gov/irb/2013-44_IRB/ar10. Senior income tax html. Senior income tax Reminders Additional Medicare Tax withholding. Senior income tax  In addition to withholding Medicare tax at 1. Senior income tax 45%, you must withhold a 0. Senior income tax 9% Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Senior income tax You are required to begin withholding Additional Medicare Tax in the pay period in which you pay wages in excess of $200,000 to an employee and continue to withhold it each pay period until the end of the calendar year. Senior income tax Additional Medicare Tax is only imposed on the employee. Senior income tax There is no employer share of Additional Medicare Tax. Senior income tax All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. Senior income tax For more information on what wages are subject to Medicare tax, see the chart, Special Rules for Various Types of Services and Payments , in section 15. Senior income tax For more information on Additional Medicare Tax, visit IRS. Senior income tax gov and enter “Additional Medicare Tax” in the search box. Senior income tax Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. Senior income tax  The work opportunity tax credit is available for eligible unemployed veterans who began work on or after November 22, 2011, and before January 1, 2014. Senior income tax Qualified tax-exempt organizations that hire eligible unemployed veterans can claim the work opportunity tax credit against their payroll tax liability using Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Senior income tax For more information, visit IRS. Senior income tax gov and enter “work opportunity tax credit” in the search box. Senior income tax Outsourcing payroll duties. Senior income tax  Employers are responsible to ensure that tax returns are filed and deposits and payments are made, even if the employer contracts with a third party to perform these acts. Senior income tax The employer remains responsible if the third party fails to perform any required action. Senior income tax If you choose to outsource any of your payroll and related tax duties (that is, withholding, reporting, and paying over social security, Medicare, FUTA, and income taxes) to a third-party payer such as a payroll service provider or reporting agent, visit IRS. Senior income tax gov and enter “outsourcing payroll duties” in the search box for helpful information on this topic. Senior income tax COBRA premium assistance credit. Senior income tax  The credit for COBRA premium assistance payments applies to premiums paid for employees involuntarily terminated between September 1, 2008, and May 31, 2010, and to premiums paid for up to 15 months. Senior income tax See COBRA premium assistance credit under Introduction. Senior income tax Federal tax deposits must be made by electronic funds transfer. Senior income tax  You must use electronic funds transfer to make all federal tax deposits. Senior income tax Generally, electronic fund transfers are made using the Electronic Federal Tax Payment System (EFTPS). Senior income tax If you do not want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Senior income tax Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Senior income tax EFTPS is a free service provided by the Department of Treasury. Senior income tax Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. Senior income tax For more information on making federal tax deposits, see How To Deposit in section 11. Senior income tax To get more information about EFTPS or to enroll in EFTPS, visit www. Senior income tax eftps. Senior income tax gov or call 1-800-555-4477 or 1-800-733-4829 (TDD). Senior income tax Additional information about EFTPS is also available in Publication 966, Electronic Federal Tax Payment System: A Guide To Getting Started. Senior income tax You must receive written notice from the IRS to file Form 944. Senior income tax  If you have been filing Forms 941, Employer's QUARTERLY Federal Tax Return (or Forms 941-SS, Employer's QUARTERLY Federal Tax Return—American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U. Senior income tax S. Senior income tax Virgin Islands, or Formularios 941-PR, Planilla para la Declaración Federal TRIMESTRAL del Patrono), and believe your employment taxes for the calendar year will be $1,000 or less, and you would like to file Form 944, Employer's ANNUAL Federal Tax Return, instead of Forms 941, you must contact the IRS to request to file Form 944. Senior income tax You must receive written notice from the IRS to file Form 944 instead of Forms 941 before you may file this form. Senior income tax For more information on requesting to file Form 944, visit IRS. Senior income tax gov and enter “file employment taxes annually” in the search box. Senior income tax Employers can request to file Forms 941 instead of Form 944. Senior income tax  If you received notice from the IRS and have been filing Form 944 but would like to file Forms 941 instead, you must contact the IRS to request to file Forms 941. Senior income tax You must receive written notice from the IRS to file Forms 941 instead of Form 944 before you may file these forms. Senior income tax For more information on requesting to file Form 944, visit IRS. Senior income tax gov and enter “file employment taxes annually” in the search box. Senior income tax Aggregate Form 941 filers. Senior income tax  Agents must complete Schedule R (Form 941), Allocation Schedule for Aggregate Form 941 Filers, when filing an aggregate Form 941. Senior income tax Aggregate Forms 941 may only be filed by agents approved by the IRS under section 3504 of the Internal Revenue Code. Senior income tax To request approval to act as an agent for an employer, the agent files Form 2678, Employer/Payer Appointment of Agent, with the IRS. Senior income tax Aggregate Form 940 filers. Senior income tax  Agents must complete Schedule R (Form 940), Allocation Schedule for Aggregate Form 940 Filers, when filing an aggregate Form 940, Employer's Annual Federal Unemployment (FUTA) Tax Return. Senior income tax Aggregate Forms 940 can be filed by agents acting on behalf of home care service recipients who receive home care services through a program administered by a federal, state, or local government. Senior income tax To request approval to act as an agent on behalf of home care service recipients, the agent files Form 2678 with the IRS. Senior income tax Electronic Filing and Payment  Now, more than ever before, businesses can enjoy the benefits of filing and paying their federal taxes electronically. Senior income tax Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make filing and payment easier. Senior income tax Spend less time and worry about taxes and more time running your business. Senior income tax Use e-file and the Electronic Federal Tax Payment System (EFTPS) to your benefit. Senior income tax For e-file, visit www. Senior income tax irs. Senior income tax gov/efile for additional information. Senior income tax For EFTPS, visit www. Senior income tax eftps. Senior income tax gov or call EFTPS Customer Service at 1-800-555-4477 or 1-800-733-4829 (TDD). Senior income tax For electronic filing of Forms W-2, Wage and Tax Statement, visit www. Senior income tax socialsecurity. Senior income tax gov/employer. Senior income tax If you are filing your tax return or paying your federal taxes electronically, a valid EIN is required. Senior income tax If a valid EIN is not provided, the return or payment will not be processed. Senior income tax This may result in penalties and delays in processing your return or payment. Senior income tax Electronic funds withdrawal (EFW). Senior income tax  If you file Form 940, Form 941, Form 944, or Form 945 electronically, you can e-file and e-pay (electronic funds withdrawal) the balance due in a single step using tax preparation software or through a tax professional. Senior income tax However, do not use EFW to make federal tax deposits. Senior income tax For more information on paying your taxes using EFW, visit the IRS website at www. Senior income tax irs. Senior income tax gov/e-pay. Senior income tax A fee may be charged to file electronically. Senior income tax Credit or debit card payments. Senior income tax  For information on paying your taxes with a credit or debit card, visit the IRS website at www. Senior income tax irs. Senior income tax gov/e-pay. Senior income tax However, do not use credit or debit cards to make federal tax deposits. Senior income tax Forms in Spanish You can provide Formulario W-4(SP), Certificado de Exención de Retenciones del Empleado, in place of Form W-4, Employee's Withholding Allowance Certificate, to your Spanish-speaking employees. Senior income tax For more information, see Publicación 17(SP), El Impuesto Federal sobre los Ingresos (Para Personas Físicas). Senior income tax For nonemployees, Formulario W-9(SP), Solicitud y Certificación del Número de Identificación del Contribuyente, may be used in place of Form W-9, Request for Taxpayer Identification Number and Certification. Senior income tax Hiring New Employees Eligibility for employment. Senior income tax  You must verify that each new employee is legally eligible to work in the United States. Senior income tax This includes completing the U. Senior income tax S. Senior income tax Citizenship and Immigration Services (USCIS) Form I-9, Employment Eligibility Verification. Senior income tax You can get the form from USCIS offices or by calling 1-800-870-3676. Senior income tax Contact the USCIS at 1-800-375-5283, or visit the USCIS website at www. Senior income tax uscis. Senior income tax gov for more information. Senior income tax New hire reporting. Senior income tax  You are required to report any new employee to a designated state new hire registry. Senior income tax A new employee is an employee who has not previously been employed by you or was previously employed by you but has been separated from such prior employment for at least 60 consecutive days. Senior income tax Many states accept a copy of Form W-4 with employer information added. Senior income tax Visit the Office of Child Support Enforcement website at www. Senior income tax acf. Senior income tax hhs. Senior income tax gov/programs/cse/newhire for more information. Senior income tax W-4 request. Senior income tax  Ask each new employee to complete the 2014 Form W-4. Senior income tax See section 9. Senior income tax Name and social security number. Senior income tax  Record each new employee's name and number from his or her social security card. Senior income tax Any employee without a social security card should apply for one. Senior income tax See section 4. Senior income tax Paying Wages, Pensions, or Annuities Correcting Form 941 or Form 944. Senior income tax  If you discover an error on a previously filed Form 941 or Form 944, make the correction using Form 941-X, Adjusted Employer's QUARTERLY Federal Tax Return or Claim for Refund, or Form 944-X, Adjusted Employer's ANNUAL Federal Tax Return or Claim for Refund. Senior income tax Forms 941-X and 944-X are stand-alone forms, meaning taxpayers can file them when an error is discovered. Senior income tax Forms 941-X and 944-X are used by employers to claim refunds or abatements of employment taxes, rather than Form 843, Claim for Refund and Request for Abatement. Senior income tax See section 13 for more information. Senior income tax Income tax withholding. Senior income tax  Withhold federal income tax from each wage payment or supplemental unemployment compensation plan benefit payment according to the employee's Form W-4 and the correct withholding table. Senior income tax If you have nonresident alien employees, see Withholding income taxes on the wages of nonresident alien employees in section 9. Senior income tax Withhold from periodic pension and annuity payments as if the recipient is married claiming three withholding allowances, unless he or she has provided Form W-4P, Withholding Certificate for Pension or Annuity Payments, either electing no withholding or giving a different number of allowances, marital status, or an additional amount to be withheld. Senior income tax Do not withhold on direct rollovers from qualified plans or governmental section 457(b) plans. Senior income tax See section 9 and Publication 15-A, Employer's Supplemental Tax Guide. Senior income tax Publication 15-A includes information about withholding on pensions and annuities. Senior income tax Zero wage return. Senior income tax  If you have not filed a “final” Form 941 or Form 944, or are not a “seasonal” employer, you must continue to file a Form 941 or Form 944 even for periods during which you paid no wages. Senior income tax The IRS encourages you to file your “Zero Wage” Forms 941 or 944 electronically using IRS e-file at www. Senior income tax irs. Senior income tax gov/efile. Senior income tax Employer Responsibilities Employer Responsibilities: The following list provides a brief summary of your basic responsibilities. Senior income tax Because the individual circumstances for each employer can vary greatly, responsibilities for withholding, depositing, and reporting employment taxes can differ. Senior income tax Each item in this list has a page reference to a more detailed discussion in this publication. Senior income tax   New Employees: Page     Annually (By January 31 of the current year, Page □ Verify work eligibility of new employees 3     for the prior year):   □ Record employees' names and SSNs from     □ File Form 944 if required (pay tax with return if     social security cards 4     not required to deposit) 29 □ Ask employees for Form W-4 3     Annually (see Calendar for due dates):     Each Payday:     □ Remind employees to submit a new Form W-4   □ Withhold federal income tax based on each       if they need to change their withholding 20   employee's Form W-4 20   □ Ask for a new Form W-4 from employees   □ Withhold employee's share of social security       claiming exemption from income tax     and Medicare taxes 23     withholding 20 □ Deposit:     □ Reconcile Forms 941 (or Form 944) with Forms     • Withheld income tax       W-2 and W-3 31   • Withheld and employer social security taxes     □ Furnish each employee a Form W-2 7   • Withheld and employer Medicare taxes 24   □ File Copy A of Forms W-2 and the transmittal     Note:Due date of deposit generally depends       Form W-3 with the SSA 8   on your deposit schedule (monthly or semiweekly)     □ Furnish each other payee a Form 1099 (for example, Form 1099-MISC, Miscellaneous Income) 7   Quarterly (By April 30, July 31, October 31, and January 31):     □ File Forms 1099 and the transmittal Form   □ Deposit FUTA tax if undeposited amount       1096 8   is over $500 35   □ File Form 940 7 □ File Form 941 (pay tax with return if not     □ File Form 945 for any nonpayroll income tax     required to deposit) 29     withholding 8 Information Returns You may be required to file information returns to report certain types of payments made during the year. Senior income tax For example, you must file Form 1099-MISC, Miscellaneous Income, to report payments of $600 or more to persons not treated as employees (for example, independent contractors) for services performed for your trade or business. Senior income tax For details about filing Forms 1099 and for information about required electronic filing, see the General Instructions for Certain Information Returns for general information and the separate, specific instructions for each information return you file (for example, Instructions for Form 1099-MISC). Senior income tax Generally, do not use Forms 1099 to report wages and other compensation you paid to employees; report these on Form W-2. Senior income tax See the General Instructions for Forms W-2 and W-3 for details about filing Form W-2 and for information about required electronic filing. Senior income tax If you file 250 or more Forms 1099, you must file them electronically. Senior income tax If you file 250 or more Forms W-2, you must file them electronically. Senior income tax SSA will not accept Forms W-2 and W-3 filed on magnetic media. Senior income tax Information reporting customer service site. Senior income tax  The IRS operates the Enterprise Computing Center—Martinsburg, a centralized customer service site, to answer questions about reporting on Forms W-2, W-3, 1099, and other information returns. Senior income tax If you have questions related to reporting on information returns, call 1-866-455-7438 (toll free), 304-263-8700 (toll call), or 304-267-3367 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability). Senior income tax The center can also be reached by email at mccirp@irs. Senior income tax gov. Senior income tax Do not include tax identification numbers (TINs) or attachments in email correspondence because electronic mail is not secure. Senior income tax Nonpayroll Income Tax Withholding Nonpayroll federal income tax withholding (reported on Forms 1099 and Form W-2G) must be reported on Form 945, Annual Return of Withheld Federal Income Tax. Senior income tax Separate deposits are required for payroll (Form 941 or Form 944) and nonpayroll (Form 945) withholding. Senior income tax Nonpayroll items include: Pensions (including distributions from tax-favored retirement plans, for example, section 401(k), section 403(b), and governmental section 457(b) plans) and annuities. Senior income tax Military retirement. Senior income tax Gambling winnings. Senior income tax Indian gaming profits. Senior income tax Certain government payments, such as unemployment compensation, social security, and Tier 1 railroad retirement benefits, subject to voluntary withholding. Senior income tax Payments subject to backup withholding. Senior income tax For details on depositing and reporting nonpayroll income tax withholding, see the Instructions for Form 945. Senior income tax All income tax withholding reported on Form W-2 must be reported on Form 941, Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, Form 944, or Schedule H (Form 1040), Household Employment Taxes. Senior income tax Distributions from nonqualified pension plans and deferred compensation plans. Senior income tax  Because distributions to participants from some nonqualified pension plans and deferred compensation plans (including section 457(b) plans of tax-exempt organizations) are treated as wages and are reported on Form W-2, income tax withheld must be reported on Form 941 or Form 944, not on Form 945. Senior income tax However, distributions from such plans to a beneficiary or estate of a deceased employee are not wages and are reported on Forms 1099-R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. Senior income tax ; income tax withheld must be reported on Form 945. Senior income tax Backup withholding. Senior income tax  You generally must withhold 28% of certain taxable payments if the payee fails to furnish you with his or her correct taxpayer identification number (TIN). Senior income tax This withholding is referred to as “backup withholding. Senior income tax ” Payments subject to backup withholding include interest, dividends, patronage dividends, rents, royalties, commissions, nonemployee compensation, and certain other payments you make in the course of your trade or business. Senior income tax In addition, transactions by brokers and barter exchanges and certain payments made by fishing boat operators are subject to backup withholding. Senior income tax Backup withholding does not apply to wages, pensions, annuities, IRAs (including simplified employee pension (SEP) and SIMPLE retirement plans), section 404(k) distributions from an employee stock ownership plan (ESOP), medical savings accounts, health savings accounts, long-term-care benefits, or real estate transactions. Senior income tax You can use Form W-9 or Formulario W-9(SP) to request payees to furnish a TIN and to certify the number furnished is correct. Senior income tax You can also use Form W-9 or Formulario W-9(SP) to get certifications from payees that they are not subject to backup withholding or that they are exempt from backup withholding. Senior income tax The Instructions for the Requester of Form W-9 or Formulario W-9(SP) includes a list of types of payees who are exempt from backup withholding. Senior income tax For more information, see Publication 1281, Backup Withholding for Missing and Incorrect Name/TIN(s). Senior income tax Recordkeeping Keep all records of employment taxes for at least 4 years. Senior income tax These should be available for IRS review. Senior income tax Your records should include the following information. Senior income tax Your EIN. Senior income tax Amounts and dates of all wage, annuity, and pension payments. Senior income tax Amounts of tips reported to you by your employees. Senior income tax Records of allocated tips. Senior income tax The fair market value of in-kind wages paid. Senior income tax Names, addresses, social security numbers, and occupations of employees and recipients. Senior income tax Any employee copies of Forms W-2 and W-2c returned to you as undeliverable. Senior income tax Dates of employment for each employee. Senior income tax Periods for which employees and recipients were paid while absent due to sickness or injury and the amount and weekly rate of payments you or third party payors made to them. Senior income tax Copies of employees' and recipients' income tax withholding allowance certificates (Forms W-4, W-4P, W-4(SP), W-4S, and W-4V). Senior income tax Copies of employees' Earned Income Credit Advance Payment Certificates (Forms W-5 and W-5(SP)). Senior income tax Dates and amounts of tax deposits you made and acknowledgment numbers for deposits made by EFTPS. Senior income tax Copies of returns filed and confirmation numbers. Senior income tax Records of fringe benefits and expense reimbursements provided to your employees, including substantiation. Senior income tax Change of Business Address or Responsible Party To notify the IRS of a change in business address or responsible party, file Form 8822-B. Senior income tax Do not mail Form 8822-B with your employment tax return. Senior income tax Private Delivery Services You can use certain private delivery services designated by the IRS to mail tax returns and payments. Senior income tax The list includes only the following: DHL Express (DHL): DHL Same Day Service. Senior income tax Federal Express (FedEx): FedEx Priority Overnight, FedEx Standard Overnight, FedEx 2Day, FedEx International Priority, and FedEx International First. Senior income tax United Parcel Service (UPS): UPS Next Day Air, UPS Next Day Air Saver, UPS 2nd Day Air, UPS 2nd Day Air A. Senior income tax M. Senior income tax , UPS Worldwide Express Plus, and UPS Worldwide Express. Senior income tax For the IRS mailing address to use if you are using a private delivery service, go to IRS. Senior income tax gov and enter “private delivery service” in the search box. Senior income tax Your private delivery service can tell you how to get written proof of the mailing date. Senior income tax   Private delivery services cannot deliver items to P. Senior income tax O. Senior income tax boxes. Senior income tax You must use the U. Senior income tax S. Senior income tax Postal Service to mail any item to an IRS P. Senior income tax O. Senior income tax box address. Senior income tax Telephone Help Tax questions. Senior income tax   You can call the IRS Business and Specialty Tax Line with your employment tax questions at 1-800-829-4933. Senior income tax Help for people with disabilities. Senior income tax  You may call 1-800-829-4059 (TDD/TTY for persons who are deaf, hard of hearing, or have a speech disability) with any tax question or to order forms and publications. Senior income tax You may also use this number for assistance with unresolved tax problems. Senior income tax Recorded tax information (TeleTax). Senior income tax  The IRS TeleTax service provides recorded tax information on topics that answer many individual and business federal tax questions. Senior income tax You can listen to up to three topics on each call you make. Senior income tax Touch-Tone service is available 24 hours a day, 7 days a week. Senior income tax TeleTax topics are also available on the IRS website at www. Senior income tax irs. Senior income tax gov/taxtopics. Senior income tax Most tax topics listed below are also available in Spanish. Senior income tax For a complete list of TeleTax topics in Spanish, visit the IRS website at www. Senior income tax irs. Senior income tax gov/Spanish/Índice-de-Temas-Tributarios-Año-2013. Senior income tax A list of employment tax topics is provided next. Senior income tax Select, by number, the topic you want to hear and call 1-800-829-4477. Senior income tax For the directory of all topics, select Topic 123. Senior income tax Teletax Topics Topic No. Senior income tax Subject 751 Social Security and Medicare Withholding Rates 752 Form W-2—Where, When, and How to File 753 Form W-4—Employee's Withholding Allowance Certificate 755 Employer Identification Number (EIN)—How to Apply 756 Employment Taxes for Household Employees 757 Form 941 and Form 944—Deposit Requirements 758 Form 941—Employer's QUARTERLY Federal Tax Return and Form 944—Employer's ANNUAL Federal Tax Return 759 Form 940—Employer's Annual Federal Unemployment (FUTA) Tax Return—Filing and Deposit Requirements 760 Reporting and Deposit Requirements for Agricultural Employers 761 Tips—Withholding and Reporting 762 Independent Contractor vs. Senior income tax Employee 763 The “Affordable Care Act” of 2010 Offers Employers New Tax Deductions and Credits Additional employment tax information. Senior income tax  Visit the IRS website at www. Senior income tax irs. Senior income tax gov/businesses and click on the Employment Taxes link under Businesses Topics. Senior income tax Ordering Employer Tax Forms and Publications You can order employer tax forms and publications and information returns online at www. Senior income tax irs. Senior income tax gov/businesses. Senior income tax To order 2013 and 2014 forms, click on the Online Ordering for Information Returns and Employer Returns link. Senior income tax You may also order employer tax forms and publications and information returns by calling 1-800-TAX-FORM (1-800-829-3676). Senior income tax Instead of ordering paper Forms W-2 and W-3, consider filing them electronically using the Social Security Administration's (SSA) free e-file service. Senior income tax Visit the SSA's Employer W-2 Filing Instructions & Information website at www. Senior income tax socialsecurity. Senior income tax gov/employer to register for Business Services Online. Senior income tax You will be able to create Forms W-2 online and submit them to the SSA by typing your wage information into easy-to-use fill-in fields. Senior income tax In addition, you can print out completed copies of Forms W-2 to file with state or local governments, distribute to your employees, and keep for your records. Senior income tax Form W-3 will be created for you based on your Forms W-2. Senior income tax Filing Addresses Generally, your filing address for Forms 940, 941, 943, 944, 945, and CT-1 depends on the location of your residence or principal place of business and whether or not you are including a payment with your return. Senior income tax There are separate filing addresses for these returns if you are a tax-exempt organization or government entity. Senior income tax See the separate instructions for Forms 940, 941, 943, 944, 945, or CT-1 for the filing addresses. Senior income tax Dishonored Payments Any form of payment that is dishonored and returned from a financial institution is subject to a penalty. Senior income tax The penalty is $25 or 2% of the payment, whichever is more. Senior income tax However, the penalty on dishonored payments of $24. Senior income tax 99 or less is an amount equal to the payment. Senior income tax For example, a dishonored payment of $18 is charged a penalty of $18. Senior income tax Photographs of Missing Children The IRS is a proud partner with the National Center for Missing and Exploited Children. Senior income tax Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. Senior income tax You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child. Senior income tax Calendar The following is a list of important dates. Senior income tax Also see Publication 509, Tax Calendars. Senior income tax   If any date shown below for filing a return, furnishing a form, or depositing taxes falls on a Saturday, Sunday, or legal holiday, use the next business day. Senior income tax A statewide legal holiday delays a filing due date only if the IRS office where you are required to file is located in that state. Senior income tax However, a statewide legal holiday does not delay the due date of federal tax deposits. Senior income tax See Deposits on Business Days Only in section 11. Senior income tax For any filing due date, you will meet the “file” or “furnish” requirement if the envelope containing the return or form is properly addressed, contains sufficient postage, and is postmarked by the U. Senior income tax S. Senior income tax Postal Service on or before the due date, or sent by an IRS-designated private delivery service on or before the due date. Senior income tax See Private Delivery Services under Reminders for more information. Senior income tax Introduction This publication explains your tax responsibilities as an employer. Senior income tax It explains the requirements for withholding, depositing, reporting, paying, and correcting employment taxes. Senior income tax It explains the forms you must give to your employees, those your employees must give to you, and those you must send to the IRS and SSA. Senior income tax This guide also has tax tables you need to figure the taxes to withhold from each employee for 2014. Senior income tax References to “income tax” in this guide apply only to “federal” income tax. Senior income tax Contact your state or local tax department to determine if their rules are different. Senior income tax Additional employment tax information is available in Publication 15-A. Senior income tax Publication 15-A includes specialized information supplementing the basic employment tax information provided in this publication. Senior income tax Publication 15-B, Employer's Tax Guide to Fringe Benefits, contains information about the employment tax treatment and valuation of various types of noncash compensation. Senior income tax Most employers must withhold (except FUTA), deposit, report, and pay the following employment taxes. Senior income tax Income tax. Senior income tax Social security tax. Senior income tax Medicare tax. Senior income tax FUTA tax. Senior income tax There are exceptions to these requirements. Senior income tax See section 15 for guidance. Senior income tax Railroad retirement taxes are explained in the Instructions for Form CT-1. Senior income tax Comments and suggestions. Senior income tax   We welcome your comments about this publication and your suggestions for future editions. Senior income tax   You can write to us at the following address: Internal Revenue Service Tax Forms & Publications Division 1111 Constitution Ave. Senior income tax NW, IR-6526 Washington, DC 20224   We respond to many letters by telephone. Senior income tax Therefore, it would be helpful if you would include your daytime phone number, including the area code, in your correspondence. Senior income tax   You can also send us comments from www. Senior income tax irs. Senior income tax gov/formspubs. Senior income tax Click on More Information and then click on Comment on Tax Forms and Publications. Senior income tax   Although we cannot respond individually to each comment received, we do appreciate your feedback and will consider your comments as we revise our tax forms, instructions, and publications. Senior income tax Federal Government employers. Senior income tax   The information in this publication, including the rules for making federal tax deposits, applies to federal agencies. Senior income tax State and local government employers. Senior income tax   Payments to employees for services in the employ of state and local government employers are generally subject to federal income tax withholding but not FUTA tax. Senior income tax Most elected and appointed public officials of state or local governments are employees under common law rules. Senior income tax See chapter 3 of Publication 963, Federal-State Reference Guide. Senior income tax In addition, wages, with certain exceptions, are subject to social security and Medicare taxes. Senior income tax See section 15 for more information on the exceptions. Senior income tax   If an election worker is employed in another capacity with the same government entity, see Revenue Ruling 2000-6 on page 512 of Internal Revenue Bulletin 2000-6 at www. Senior income tax irs. Senior income tax gov/pub/irs-irbs/irb00-06. Senior income tax pdf. Senior income tax   You can get information on reporting and social security coverage from your local IRS office. Senior income tax If you have any questions about coverage under a section 218 (Social Security Act) agreement, contact the appropriate state official. Senior income tax To find your State Social Security Administrator, visit the National Conference of State Social Security Administrators website at www. Senior income tax ncsssa. Senior income tax org. Senior income tax Disregarded entities and qualified subchapter S subsidiaries (QSubs). Senior income tax   Eligible single-owner disregarded entities and QSubs are treated as separate entities for employment tax purposes. Senior income tax Eligible single-member entities that have not elected to be taxed as corporations must report and pay employment taxes on wages paid to their employees using the entities' own names and EINs. Senior income tax See Regulations sections 1. Senior income tax 1361-4(a)(7) and 301. Senior income tax 7701-2(c)(2)(iv). Senior income tax COBRA premium assistance credit. Senior income tax   The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates. Senior income tax COBRA generally covers multiemployer health plans and health plans maintained by private-sector employers (other than churches) with 20 or more full and part-time employees. Senior income tax Parallel requirements apply to these plans under the Employee Retirement Income Security Act of 1974 (ERISA). Senior income tax Under the Public Health Service Act, COBRA requirements apply also to health plans covering state or local government employees. Senior income tax Similar requirements apply under the Federal Employees Health Benefits Program and under some state laws. Senior income tax For the premium assistance (or subsidy) discussed below, these requirements are all referred to as COBRA requirements. Senior income tax   Under the American Recovery and Reinvestment Act of 2009 (ARRA), employers are allowed a credit against “payroll taxes” (referred to in this publication as “employment taxes”) for providing COBRA premium assistance to assistance eligible individuals. Senior income tax For periods of COBRA continuation coverage beginning after February 16, 2009, a group health plan must treat an assistance eligible individual as having paid the required COBRA continuation coverage premium if the individual elects COBRA coverage and pays 35% of the amount of the premium. Senior income tax   An assistance eligible individual is a qualified beneficiary of an employer's group health plan who is eligible for COBRA continuation coverage during the period beginning September 1, 2008, and ending May 31, 2010, due to the involuntarily termination from employment of a covered employee during the period and elects continuation COBRA coverage. Senior income tax The assistance for the coverage can last up to 15 months. Senior income tax   Employees terminated during the period beginning September 1, 2008, and ending May 31, 2010, who received a severance package that delayed the start of the COBRA continuation coverage, may still be eligible for premium assistance for COBRA continuation coverage. Senior income tax For more information see Notice 2009-27, 2009-16 I. Senior income tax R. Senior income tax B. Senior income tax 838, available at www. Senior income tax irs. Senior income tax gov/irb/2009-16_irb/ar09. Senior income tax html. Senior income tax   Administrators of the group health plans (or other entities) that provide or administer COBRA continuation coverage must provide notice to assistance eligible individuals of the COBRA premium assistance. Senior income tax   The 65% of the premium not paid by the assistance eligible individuals is reimbursed to the employer maintaining the group health plan. Senior income tax The reimbursement is made through a credit against the employer's employment tax liabilities. Senior income tax For information on how to claim the credit, see the Instructions for Form 941 or the Instructions for Form 944. Senior income tax The credit is treated as a deposit made on the first day of the return period (quarter or year). Senior income tax In the case of a multiemployer plan, the credit is claimed by the plan, rather than the employer. Senior income tax In the case of an insured plan subject to state law continuation coverage requirements, the credit is claimed by the insurance company, rather than the employer. Senior income tax   Anyone claiming the credit for COBRA premium assistance payments must maintain the following information to support their claim, including the following. Senior income tax Information on the receipt of the assistance eligible individuals' 35% share of the premium, including dates and amounts. Senior income tax In the case of an insurance plan, a copy of invoice or other supporting statement from the insurance carrier and proof of timely payment of the full premium to the insurance carrier required under COBRA. Senior income tax In the case of a self-insured plan, proof of the premium amount and proof of the coverage provided to the assistance eligible individuals. Senior income tax Attestation of involuntary termination, including the date of the involuntary termination for each covered employee whose involuntary termination is the basis for eligibility for the subsidy. Senior income tax Proof of each assistance eligible individual's eligibility for COBRA coverage and the election of COBRA coverage. Senior income tax A record of the SSNs of all covered employees, the amount of the subsidy reimbursed with respect to each covered employee, and whether the subsidy was for one individual or two or more individuals. Senior income tax   For more information, visit IRS. Senior income tax gov and enter “COBRA” in the search box. Senior income tax Prev  Up  Next   Home   More Online Publications