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Form 945 Annual Return of Withheld Federal Income Tax for Withholding Reported on Forms 1099 and W 2G

Form 945 Annual Return of Withheld Federal Income Tax for Withholding Reported on Forms 1099 and W 2G

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Instructions and help about Form 945 Annual Return Of Withheld Federal Income Tax For Withholding Reported On Forms 1099 And W 2G

we'll be going over Iris form 945 this is the annual return of withheld federal income tax which is generally filed by uh employers who have had to make federal tax deposits on either 1099 forms or w2g forms so basically non payroll tax deposits uh so we're going to go over this uh this this form it's one page uh there's a second page on the back with a voucher we'll go over that briefly just so that you have a better understanding but uh first let's just talk about the purpose of form 945 so uh you would use this to report any federal income tax withheld from non-payroll uh tax payments specifically pensions military retirement uh gambling winnings Indian gaming profits and certain government payments in which the recipient elect to have taxes withheld uh dividends and distributions by what's known as an Alaska Native Corporation uh where the recipient uh elected for taxes to be withheld and any payments that are subject to backu

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