IRS Form 944, Employer's Annual Federal Tax Return, is a form used by the smallest employer to report Medicare, Social security and income taxes withheld from their employees' paychecks and pay their share of Medicare and Social Security taxes.
The most recent version of tax Form 944 was issued by the Internal Revenue Service (IRS) in 2019. A fillable version of the form is available for download below.
To be considered the smallest employer by the IRS, the business must accumulate tax liability not more than $1,000. This form is similar to IRS Form 941, Employer's Quarterly Federal Tax Return, but the difference between 941 and 944 forms is that Form 944 is filed by smallest employers on an annual basis, while IRS Form 941 is filed at the end of each quarter by employers with annual tax liability more than $1,000. The IRS will notify the employer, which form they should file.
IRS 944 Form is filed annually to report the IRS the amount of taxes withheld from the employees' paychecks and pay the employer's share of taxes.
The IRS provides complete Instructions for IRS Form 944 that you can find summarized down below.
If you are including a payment with your IRS Form 944, fill in the payment voucher. Enter your EIN, the amount of payment and address. Detach the voucher and mail it with the form.
Form 944 due date is January 31st of the next year. However, if deposits of the taxes due for the year are made in full payment and on time, the due date for the return is February 11th.
If the form is filed late, the IRS imposes a failure-to-deposit penalty on 5% of the unpaid tax for each month the form is late up to 25%.
If the IRS receives the form after the due date, the form will be considered filed on time, if the envelope with the form is postmarked by the U.S. Postal service or send by an IRS-designated private delivery service (PDS) on or before the due date. If the employer receives a penalty notice from the IRS after filing the return, they should reply with the explanation of late filing. If the IRS considers the ground reasonable, the penalty will be avoided.
Form 944 mailing address depends on the location of the business filing the return, the time of filing, and whether the payment is included with the form. The complete list of mailing addresses can be found in the IRS-issued Instructions for Form 944.
IRS 944 Related Forms:
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