Jump to content

Recommended Posts

Posted

What is the IRS form that is used to report and pay withheld taxes from distributions.

I looked at Form 941 but that doesn't seem to be very appropriate for the purpose - purhaps there is another form?

Also, Form 941 once filed, need to be filed each quarter forever even if no taxes are withheld!

Perhaps, there is another form for reporting and sending in taxes withheld from pension plan distributions?

Thanks for help.

Posted

Use a 945 (annual return of withheld federal income tax).

Re: the 20% federal withholding, Form 8109-B (federal tax deposit coupon) is used if you are depositing a check at a bank (type of tax = 945). Most of our clients can get by without electronically depositing the fed w/h, so I'm not sure of those procedures.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...

Important Information

Terms of Use