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 5
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7more in a month by the 10th of the next month. Employees
that you make on Form 941c, Supporting Statement to
may use Form 4070, Employee’s Report of Tips to
Correct Information, or in an equivalent statement.
Employer, or submit a written statement or electronic tip
Form 941c is not an amended return but is a statement
record.
providing the necessary information and certifications for
adjustments shown on lines 6c through 6e. Do not file Form
line 4b (column 1)
941c separately from Form 944-SS. See also section 9 of
x
.124
Pub. 80 (Circular SS).
line 4b (column 2)
If you are adjusting an employee’s social security
4c. Taxable Medicare wages & tips. Report all
TIP
wages, social security tips, or Medicare wages and
wages, tips, sick pay, and taxable fringe benefits that are
tips for a prior year, you must also file Form W-2c,
subject to Medicare tax. Unlike social security wages, there
Corrected Wage and Tax Statement, and Form W-3c,
is no limit on the amount of wages subject to Medicare tax.
Transmittal of Corrected Wage and Tax Statements.
Include all tips your employees reported during the year,
6e. Special additions to social security and Medicare
even if you were unable to withhold the employee tax of
taxes. Use this line only if the IRS has sent you a notice
1.45%.
instructing you to do so. You must attach Form 941c
explaining the tax increase.
line 4c (column 1)
6f. TOTAL ADJUSTMENTS. Combine all adjustments
x
.029
shown on lines 6a through 6e and enter the result on line 6f.
line 4c (column 2)
7. Total taxes after adjustments
For more information, see sections 4, 5, and 7 of Pub. 80
(Circular SS).
Combine the amounts shown on lines 4d and 6f and enter
the result on line 7.
4d. Total social security and Medicare taxes. Add
•
If line 7 is less than $2,500, you may pay the full amount
social security tax, social security tips tax, and Medicare tax.
with a timely filed return because you were not required to
line 4a (column 2)
deposit. See section 8 of Pub. 80 (Circular SS) for
line 4b (column 2)
information and rules about federal tax deposits.
•
+ line 4c (column 2)
If line 7 is $2,500 or more, you generally must deposit
line 4d
your tax liabilities by using the Electronic Federal Tax
Payment System (EFTPS) or deposit at an authorized
6. TAX ADJUSTMENTS
financial institution with Form 8109. However, if you
deposited all taxes accumulated in the first three quarters of
Enter tax amounts on lines 6a – 6e that result from current
the year and your fourth quarter liability is less than $2,500,
or prior period adjustments. Use a minus sign (if possible) to
you may pay taxes accumulated during the fourth quarter
show an adjustment that decreases the total taxes shown on
with a timely filed Form 944-SS. The amount shown on line
line 4d. Otherwise, use parentheses. Do not enter an
7 must equal line 13m, Total liability for year.
amount on 6e unless the IRS has sent you a notice
instructing you to do so.
10. Total deposits for this year, including
6a. Current year’s adjustments. In certain cases, you
overpayment applied from a prior year
must adjust the amounts you reported as social security and
Enter your deposits for this year, including any deposits that
Medicare taxes in column 2 of lines 4a, 4b, and 4c to figure
you were required to make to cover prior period liabilities
your correct tax liability for this year’s Form 944-SS. See
resulting from adjustments shown on lines 6a – 6e. Also
section 9 of Pub. 80 (Circular SS). Do not attach Form 941c
include in the amount shown any overpayment from a
or an equivalent statement for current year adjustments.
previous period that you applied to this return.
Fractions of cents. Enter adjustments for fractions of
11. Balance due
cents (due to rounding) relating to the employee share of
social security and Medicare taxes withheld. The employee
If line 7 is more than line 10, write the difference in line 11.
share (one-half) of amounts shown in column 2 of lines
Otherwise, see Overpayment below.
4a – 4c may differ slightly from amounts actually withheld
You do not have to pay if line 11 is less than $1.
from employees’ paychecks due to rounding social security
Generally, you should have a balance due only if your total
and Medicare taxes based on statutory rates.
taxes after adjustments (line 7) are less than $2,500. See If
Sick pay. Enter the adjustment for the employee share
line 7 is $2,500 or more above for an exception.
of social security and Medicare taxes that were withheld by
If line 11 is:
your third-party sick pay payer.
•
Less than $1, you do not have to pay it.
Adjustments for tips and group-term life insurance.
•
Between $1 and $2,500, you can pay the amount owed
Enter adjustments for both the following items.
with your return. Make your check or money order
•
Any uncollected employee share of social security and
payable to the United States Treasury
Medicare taxes on tips.
and write your EIN, Form 944-SS, and 2007 on the
•
The uncollected employee share of social security and
payment. Complete Form 944-V(SS),
Medicare taxes on group-term life insurance premiums
Payment Voucher, and enclose it with your return.
•
paid for former employees.
$2,500 or more, you must deposit your tax. See Must You
Deposit Your Taxes? on page 3.
6c. Prior years’ social security and Medicare tax
adjustments. Use line 6c to adjust amounts reported on
You may pay the amount shown on line 11 using EFTPS
previous returns. If you need to report both an increase
or a credit card. Do not use a credit card to pay taxes that
and a decrease for the same line, show only the difference.
were required to be deposited. For more information, visit
the IRS website at and click on electronic IRS
Adjustments you report here change your tax liability and
link.
your tax deposits. You will have to take these adjustments
into account on lines 13a to 13l. Fill in your tax liability
If you pay by EFTPS or credit card, file your return using
amounts for each month. You must explain any adjustments
the “without payment” address on page 4 under Where
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