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Where to submit tax withholding dollars


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Guest Achilles
Posted

I work for the recordkeeper of an ESOP. We are not the trustee or custodian.

Some distributions were processed in 2009, and the plan sponsor instructed the custodian on the checks to be cut for the participants, along with the applicable tax withholding amounts.

The custodian issued the participant checks, and also issued two separate checks to the plan sponsor for the tax withholding amounts. These dollars obviously have to go to the IRS or U.S. Treasury.

Is there a form of some sort the plan sponsor needs to complete when submitting these tax withholding dollars? Also, to whom should these payments be made to, and where should they be mailed.

Thank you in advance!

Posted

Look into EFTPS on the IRS site. Depending on how much withholding the employer has done overall, it may HAVE to use it.

See also forms 945 and 8109-B.

QKA, QPA, CPC, ERPA

Two wrongs don't make a right, but three rights make a left.

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