Audits and tax notices

Employment Tax Returns

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IRS Definition

Generally, employers must report wages, tips and other compensation paid to an employee by filing the required forms to the IRS. You must also report taxes you deposit by filing Forms 940, 941 and 944 on paper or through e-file.

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Employers are required to report the amounts they withhold from an employee’s pay check and the employer portion of Social Security/Medicare on the quarterly Form 941 or the annual Form 944. The quarterly Form 940 shows the Federal Unemployment taxes which are the sole responsibility of the employer. These returns reflect the total amount of taxes owed and then reconcile the taxes owed with the business’ federal tax deposits.

Do you have unfiled employment tax returns? Learn how to get back in good standing with the IRS.

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