How does one submit withheld money to the IRS?

August 15, 2011

From:  John
Date:  Fri, 30 Apr 2010

How does one submit money to the IRS for withholding on a 1099? What form is used to report the withholding?

Answer

Date:  5 May 2010

Hello John,

First, you have to have an employer tax number to withhold the tax. You apply for one using Form SS-4. Tax deposits can be made with a depository bank using Form 8109, which you can request from the IRS. Alternatively, electronic deposits can be made. The withholding is reported using Form 945, Annual Return of Withheld Federal Income Tax. You can find these forms at www.irs.gov.

Good luck!


Mike Gray

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