Instructions for IRS Form 945 Annual Return of Withheld Federal Income Tax

IRS Form 945 Annual Return of Withheld Federal Income Tax

This document contains official instructions for IRS Form 945 , Annual Return of Withheld Federal Income Tax - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 945 is available for download through this link.

FAQ

Q: What is IRS Form 945?
A: IRS Form 945 is the Annual Return of Withheld Federal Income Tax.

Q: Who needs to file IRS Form 945?
A: Employers who have withheld federal income tax from nonpayroll payments need to file IRS Form 945.

Q: When is IRS Form 945 due?
A: IRS Form 945 is generally due on January 31 of the following year.

Q: What information is required on IRS Form 945?
A: IRS Form 945 requires information such as the total tax liability, total deposits made, and any adjustments or credits.

Q: How do I file IRS Form 945?
A: IRS Form 945 can be filed electronically through the Electronic Federal Tax Payment System (EFTPS) or by mailing a paper copy to the appropriate IRS address.

Q: Are there any penalties for not filing IRS Form 945?
A: Yes, failure to file IRS Form 945 or late filing may result in penalties and interest on the unpaid taxes.