reporting withholding on 2003 1099-R and 945 if client "forgot" to deposit until 2004

[maverick]

Situation:

Distribution processed December 2003 and 20% federal withholding was taken. The 20% w/h was not deposited until January 2004. Okay, the 2003 1099-R will reflect the distribution and withholding, but do I need to wait and report the withholding on the 2004 945?

Thanks.

p.s. Called the client and asked why the w/h was not deposited in 2003, he said "I was waiting for you to call and tell me what to do.". Go figure.

[Guest AnnieP]

You have until 15 days after the quarter in which the distribution occurred to file the Federal Withholding along with Form 8109.

[Lynn Campbell]

The deadline depends on your withholding schedule...not necessarily end of quarter. Anyway, how much was the withholding?

[Harwood]

"Distribution processed December 2003"

Report it on a 2003 945, even if the withholding deposit is made late.

[maverick]

Thanks for your responses. Withholding was 4,200.