945 information

[pmacduff]

I'd like other's opinions...Plan did a payout in December of 2012. Check for participant and check for withholding were cut in 2012. Plan investment statements show the disbursement in 2012. This was not the only payout in 2012.

Plan fits into the monthly filer definition. The tax portion of the payment was made in January of 2013 to the IRS via EFTPS. For completion of the #945 - total withholding for 2012 was over $2500 and therefore must be broken down by month. The Plan assets say the tax withholding was done for in December and the tax payment made in January 2013 was coded for the 4th Q 2012.

Is it ok to put the tax amount under December on the #945? I really think I am overthinking this whole thing, but don't want the client to get a letter saying that the taxes weren't paid in. I think as long as the tax payment was coded for the 4th Q 2012 and was not late, it should be ok, but you never know with the government!

[Bird]

We would code it for Dec 2012. (I thought EFTPS didn't let you put in the "for" period?)

[pmacduff]

perhaps you can't put in the "for" period on EFTPS. The client total me ( ) they were submitting through EFTPS for 4th Q 2012. I have been on the site but have not actually done any submissions myself, so I wasn't sure. Thank you for your thoughts, I'm in agreement!