Form 945 PDF Details

The Internal Revenue Service (IRS) Form 945 plays a crucial role for businesses and other entities in reporting annual federal income tax withholding from non-payroll income. Such income includes, but is not limited to, pensions, annuities, Individual Retirement Accounts (IRAs), and gambling winnings. Also pertinent to those submitting Forms 1099 and W-2G, Form 945 ensures accurate and timely reporting of withheld taxes, which is essential for maintaining compliance with federal tax obligations. This form, detailed by the Department of the Treasury, provides a structured way to report total taxes withheld and facilitates the reconciliation of taxes due against deposits made throughout the year. Entities are required to carefully fill in their employer identification number (EIN), the total amount of federal income tax withheld, any adjustments for over or underpayments from previous periods, and calculate the balance due or overpayment. For entities making payments, the form also outlines the use of Form 945-V, a payment voucher designed to accompany Form 945 for those not making deposits by electronic funds transfer. It’s imperative for filers to follow the specific instructions provided to avoid potential penalties associated with inaccurate deposits or late filings. The process outlined by the IRS, including when and how to file Form 945, embodies the agency's commitment to ensuring that all withheld federal taxes are reported and paid in an accurate and timely manner.

QuestionAnswer
Form NameForm 945
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesirs form 945 for, irs form 945, 945 tax form 2021, form 945 return tax

Form Preview Example

Form 945

Department of the Treasury Internal Revenue Service

Annual Return of Withheld Federal Income Tax

▶For withholding reported on Forms 1099 and W-2G.

▶For more information on income tax withholding, see Pub. 15 and Pub. 15-A.

▶Go to WWW.IRS.GOV/FORM945 for instructions and the latest information.

OMB No. 1545-1430

2021

Type

or

Print

Name (as distinguished from trade name)

Employer identification number (EIN)

 

 

Trade name, if any

Address (number and street)

City or town, state or province, country, and ZIP or foreign postal code

If address is different from prior return, check here. ▶

A If you don’t have to file returns in the future, check here ▶

and enter date final payments made. ▶

1Federal income tax withheld from pensions, annuities, IRAs, gambling winnings, etc. . . . . .

2 Backup withholding . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Total taxes. If $2,500 or more, this must equal line 7M below or Form 945-A, line M . . . . .

4Total deposits for 2021, including overpayment applied from a prior year and overpayment applied

from Form 945-X . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

Balance due. If line 3 is more than line 4, enter the difference and see the separate instructions .

6

Overpayment. If line 4 is more than line 3, enter the difference ▶

$

 

1

2

3

4

5

Check one:

Apply to next return.

Send a refund.

• All filers: If line 3 is less than $2,500, don’t complete line 7 or Form 945-A.

 

• Semiweekly schedule depositors: Complete Form 945-A and check here

▶

• Monthly schedule depositors: Complete line 7, entries A through M, and check here

▶

7Monthly Summary of Federal Tax Liability. (Don’t complete if you were a semiweekly schedule depositor.)

A January . . .

B February . . C March . . .

D April . . . .

E May . . . .

Tax liability for month

F

June

G

July

H

August . . . .

I

September . . .

J

October . . . .

Tax liability for month

K November . .

L December . .

M Total liability for year (add lines A

through L)

. .

Tax liability for month

Third-

Do you want to allow another person to discuss this return with the IRS? See separate instructions.

Yes. Complete the following.

 

 

No.

 

 

 

 

 

 

 

 

 

Party

 

 

 

 

 

 

 

 

 

Designee Designee’s

Phone

Personal identification

 

 

 

 

 

 

 

 

 

 

 

name ▶

no. ▶

number (PIN)

▶

 

 

 

 

 

 

 

 

 

 

 

Sign Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

 

 

Print Your

 

 

 

 

 

Signature ▶

Name and Title ▶

 

 

Date ▶

 

Paid

Print/Type preparer’s name

Preparer’s signature

 

Date

Check

if

PTIN

 

 

 

 

 

Preparer

 

 

 

 

self-employed

 

 

 

 

 

 

 

 

Firm’s name ▶

 

 

 

Firm’s EIN ▶

 

 

Use Only

 

 

 

 

 

Firm’s address ▶

 

 

 

Phone no.

 

 

 

 

 

 

 

 

For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 14584B

 

 

Form 945 (2021)

Form 945-V, Payment Voucher

Purpose of Form

Complete Form 945-V if you’re making a payment with Form 945. We will use the completed voucher to credit your payment more promptly and accurately, and to improve our service to you.

Making Payments With Form 945

To avoid a penalty, make your payment with your 2021 Form 945 only if:

•Your total taxes for the year (Form 945, line 3) are less than $2,500 and you’re paying in full with a timely filed return, or

•You’re a monthly schedule depositor making a payment in accordance with the Accuracy of Deposits Rule. See section 11 of Pub. 15 for details. In this case, the amount of your payment may be $2,500 or more.

Otherwise, you must make deposits by electronic funds transfer. See section 11 of Pub. 15 for deposit instructions. Don’t use Form 945-V to make federal tax deposits.

!

Use Form 945-V when making any payment with

Form 945. However, if you pay an amount with

▲CAUTION

Form 945 that should’ve been deposited,

 

you may be subject to a penalty. See Deposit

Penalties in section 11 of Pub. 15.

Specific Instructions

Box 1—Employer identification number (EIN). If you don’t have an EIN, you may apply for one online by visiting the IRS website at www.irs.gov/EIN. You may also apply for an EIN by faxing or mailing Form SS-4 to the IRS. If you haven’t received your EIN by the due date of Form 945, write “Applied For” and the date you applied in this entry space.

Box 2—Amount paid. Enter the amount paid with Form 945.

Box 3—Name and address. Enter your name and address as shown on Form 945.

•Enclose your check or money order made payable to “United States Treasury.” Be sure to enter your EIN, “Form 945,” and “2021” on your check or money order. Don’t send cash. Don’t staple Form 945-V or your payment to the return (or to each other).

•Detach Form 945-V and send it with your payment and Form 945 to the address provided in the Instructions for Form 945.

Note: You must also complete the entity information above line A on Form 945.

✁▼ Detach Here and Mail With Your Payment and Form 945. ▼

Form 945-V

Payment Voucher

Department of the Treasury

▶ Don’t staple this voucher or your payment to Form 945.

Internal Revenue Service

 

 

 

✃

OMB No. 1545-1430

2021

1 Enter your employer identification number (EIN).

2 Enter the amount of your payment . .

▶

Dollars

 

Make your check or money order payable to “United States Treasury”

 

 

 

 

3Enter your business name (individual name if sole proprietor).

Enter your address.

Enter your city or town, state or province, country, and ZIP or foreign postal code.

Cents

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Completing section 1 of form 945

2. Once your current task is complete, take the next step – fill out all of these fields - Check one, Apply to next return, Send a refund, All filers If line is less than, Monthly Summary of Federal Tax, Tax liability for month, Tax liability for month, Tax liability for month, A January B February C March D, F June G July H August I, K November L December, Total liability for year add lines, Do you want to allow another, Yes Complete the following, and Designees name with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

form 945 completion process described (portion 2)

3. This next step is related to Department of the Treasury, Enter your employer, Enter the amount of your payment, Make your check or money order, Dollars, Cents, Enter your business name, Enter your address, and Enter your city or town state or - fill out all of these empty form fields.

form 945 writing process outlined (part 3)

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