Instructions For Form 944-Ss - Employer'S Annual Federal Tax Return American Samoa, Guam, The Commonwealth Of The Northern Mariana Islands, And The U.s. Virgin Islands - Internal Revenue Service - 2007 Page 4
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7Federal Tax Deposit Requirements for Form 944-SS Filers
Where Should You File?
If Your Tax Liability is:
Your Deposit Requirement is:
Less than $2,500 for the year
No deposit required. You may
Form 944-SS with payment
Form 944-SS without payment
pay the tax with your return.
If you are unsure that your
Internal Revenue Service
Internal Revenue Service
tax liability for the year will
P.O. Box 105273
P.O. Box 409101
be less than $2,500, deposit
Atlanta, GA 30348-5273
Ogden, UT 84409
under the rules below.
$2,500 or more for the year, but
You can deposit by the last
Your filing or payment address may have changed
!
less than $2,500 for the quarter
day of the month after the end
from that used to file your employment tax return in
of a quarter. However, if
prior years. If you are using an IRS-provided
CAUTION
your fourth quarter tax liability
envelope, use only the labels and envelope provided with
is less than $2,500, you may
this tax package. Do not send Form 944-SS or any
pay the fourth quarter’s tax
payments to the Social Security Administration (SSA).
liability with Form 944-SS.
Private delivery services cannot deliver to P.O. boxes.
$2,500 or more for the quarter
You must deposit monthly,
or semiweekly, depending
on your deposit schedule. But,
Specific Instructions
if you accumulate $100,000 or
more of taxes on any day, you
must deposit the tax by the
Part 1: Answer these questions for
next banking day. See section
8 of Pub. 80.
2007
Employers in American Samoa, Guam, the Commonwealth
Note. When you make deposits depends on your deposit
of the Northern Mariana Islands, and the U.S. Virgin Islands
schedule, which is either monthly or semiweekly, depending
are not required to complete lines 1, 2, 5, 6b, 6d, 8, 9, and
on the amount of your tax liability during the lookback
period. The lookback period for Form 944-SS filers is
14 on Form 944-SS.
different than the lookback period for Form 941-SS filers, so
3. If no wages, tips, and other
your deposit schedule may have changed. For more
compensation are subject to social security
information, see section 8 of Pub. 80 (Circular SS).
or Medicare tax...
What About Penalties and Interest?
If no wages, tips, and compensation are subject to social
security or Medicare taxes, check the box on line 3 and go
to line 6. If this question does not apply to you, leave the box
Avoiding penalties and interest
blank. For more information about exempt wages, see
section 12 of Pub. 80 (Circular SS) and section 4 of Pub.
You can avoid paying penalties and interest if you do all the
15-A, Employer’s Supplemental Tax Guide.
following.
4. Taxable social security and Medicare
•
Deposit or pay your taxes when they are due, using the
wages and tips
EFTPS if required.
•
4a. Taxable social security wages. Report the total
File your fully completed Form 944-SS on time.
•
wages, sick pay, and fringe benefits subject to social
Report your tax liability accurately on Part 2 of the
security taxes that you paid to your employees during the
Form 944-SS.
•
year.
Submit valid checks for tax payments.
•
Enter the amount before deductions. Do not include tips
Give accurate Forms W-2 to employees.
•
on this line. For information on types of wages subject to
File Form W-3SS and Copies A of Form W-2 with the
social security taxes, see section 4 of Pub. 80 (Circular SS).
Social Security Administration (SSA) on time and accurately.
The rate of social security tax on taxable wages is 6.2%
Penalties and interest are charged on taxes paid late and
(.062) each for the employer and employee or 12.4% (.124)
returns filed late at a rate set by law. See section 8 of
for both. Stop paying social security tax on and reporting an
Pub. 80 (Circular SS) for details.
employee’s wages on line 4a when the employee’s taxable
wages (including tips) reach $97,500 during 2007. However,
Use Form 843, Claim for Refund and Request for
continue to withhold Medicare taxes for the whole year on
Abatement, to request abatement of assessed penalties or
wages and tips even when the social security wage base of
interest. Do not request abatement of assessed penalties or
$97,500 has been reached.
interest on Form 944-SS or Form 941c.
line 4a (column 1)
A trust fund recovery penalty may apply if social
x
.124
!
security and Medicare taxes that must be withheld
line 4a (column 2)
are not withheld or paid. The penalty is the full
CAUTION
4b. Taxable social security tips. Enter all tips your
amount of the unpaid trust fund tax. This penalty may apply
employees reported to you during the year until the total of
when these unpaid taxes cannot be collected from the
the tips and wages for an employee reach $97,500 in 2007.
employer. The trust fund recovery penalty may be imposed
Do this even if you were unable to withhold the 6.2%
on all people the IRS determines to be responsible for
employee’s share of social security tax.
collecting, accounting for, and paying these taxes, and who
acted willfully in not doing so. For details, see section 8 of
An employee must report cash tips to you, including tips
Pub. 80 (Circular SS).
you paid the employee for charge customers, totaling $20 or
-4-
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