Fillable Form 945-A - Annual Record Of Federal Tax Liability

Form 945-A (Rev. 10-2017)

Page

Example 2. Fir Co. is a semiweekly schedule depositor. During

File your amended Form 945-A with Form 945-X, CT-1 X, or

January, it withheld federal income tax on pension distributions as

944-X. The total liability reported on your amended Form 945-A

follows: $52,000 on January 10; $35,000 on January 24. Since Fir

must equal the corrected amount of tax reported on Form 945-X,

Co. is a semiweekly schedule depositor, it must record its federal

CT-1 X, or 944-X. If your penalty is decreased, the IRS will include

income tax withholding liabilities on Form 945-A. It must record

the penalty decrease with your tax decrease.

$52,000 on line 10 and $35,000 on line 24 for January.

Tax increase—Form 945-X, CT-1 X, or 944-X filed timely. If

Example 3. Elm Co. is a new business and monthly schedule

you're filing a timely Form 945-X, CT-1 X, or 944-X showing a tax

depositor for 2017. During January, it withheld federal income tax

increase, don't file an amended Form 945-A, unless you were

on nonpayroll payments as follows: $2,000 on January 10; $99,000

assessed an FTD penalty caused by an incorrect, incomplete, or

on January 24. The deposit rules require that a monthly schedule

missing Form 945-A. Don't include the tax increase reported on

depositor begin depositing on a semiweekly deposit schedule when

Form 945-X, CT-1 X, or 944-X on an amended Form 945-A you file.

a $100,000 or more tax liability is accumulated on any day within a

Tax increase—Form 945-X, CT-1 X, or 944-X filed late. If you

month (see section 11 of Pub. 15 for details). Since Elm Co.

owe tax and are filing late, that is, after the due date of the return for

accumulated $101,000 ($2,000 + $99,000) on January 24, 2017, it

the filing period in which you discovered the error, you must file the

became a semiweekly schedule depositor on January 25, 2017. Elm

form with an amended Form 945-A. Otherwise, the IRS may assess

Co. must complete Form 945-A and file it with Form 945. It must

an “averaged” FTD penalty.

record $2,000 on line 10 and $99,000 on line 24 for January. No

The total tax reported on line M of Form 945-A must match the

entries should be made on Form 945, line 7, even though Elm Co.

corrected tax (Form 945, line 3; Form 944, line 9 (line 7 for years

was a monthly schedule depositor until January 25.

before 2017); Form CT-1, line 15); combined with any correction

Correcting Previously Reported Tax Liability

reported on Form 945-X, line 5; Form 944-X, line 17; or Form

CT-1 X, line 19; for the year, less any previous abatements and

Semiweekly schedule depositors. If you have been assessed an

interest-free tax assessments.

FTD penalty and you made an error on Form 945-A and the

correction won't change the total liability you reported on Form

Note: Form 944-X, line 17, which is referenced above, will change

945-A, you may be able to reduce your penalty by filing an

to line 18 on the February 2018 revision of Form 944-X.

amended Form 945-A.

Paperwork Reduction Act Notice. We ask for the information on

Example. You reported a tax liability of $3,000 on January 1.

this form to carry out the Internal Revenue laws of the United

However, the liability was actually for March. Prepare an amended

States. You're required to give us the information. We need it to

Form 945-A showing the $3,000 liability on March 1. Also, you must

ensure that you're complying with these laws and to allow us to

enter the liabilities previously reported for the year that didn't

figure and collect the right amount of tax.

change. Write “Amended” at the top of Form 945-A. The IRS will

refigure the penalty and notify you of any change in the penalty.

You're not required to provide the information requested on a

form that is subject to the Paperwork Reduction Act unless the form

Monthly schedule depositors. You can file Form 945-A if you have

displays a valid OMB control number. Books or records relating to a

been assessed an FTD penalty and you made an error on the

form or its instructions must be retained as long as their contents

monthly tax liability section of Form 945. When completing Form

may become material in the administration of any Internal Revenue

945-A for this situation, only enter the monthly totals. The daily

law. Generally, tax returns and return information are confidential,

entries aren't required.

as required by Code section 6103.

Where to file. File your amended Form 945-A, or, for monthly

The time needed to complete and file this form will vary

schedule depositors, your original Form 945-A at the address

depending on individual circumstances. The estimated average

provided in the penalty notice you received. If you're filing an

time is:

amended Form 945-A, you don't have to submit your original

Form 945-A.

Recordkeeping .

. 6 hr., 27 min.

Forms 945-X, CT-1 X, and 944-X

Learning about the

law or the form .

6 min.

You may need to file an amended Form 945-A with Forms 945-X,

Preparing and sending

CT-1 X, or 944-X to avoid or reduce an FTD penalty.

the form to the IRS .

. 12 min.

Tax decrease. If you're filing Form 945-X, CT-1 X, or 944-X, you

If you have comments concerning the accuracy of these time

can file an amended Form 945-A with the form if both of the

estimates or suggestions for making this form simpler, we would be

following apply.

happy to hear from you. You can write to the IRS at the address

1. You have a tax decrease.

listed in the Privacy Act Notice for your tax return.

2. You were assessed an FTD penalty.

Form 945-A - Annual Record Of Federal Tax Liability - 2017 Page 4

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