Nonpayroll taxes. File Form 945 to report income tax withheld for 2022 on all non-payroll items. This due date applies only if you deposited the tax for the year timely, properly, and in full.
Social security, Medicare, and withheld income tax. File Form 941 for the fourth quarter of 2022. This due date applies only if you deposited the tax for the quarter timely, properly, and in full.
Certain small employers. File Form 944 to report social security and Medicare taxes and withheld income tax for 2022. This due date applies only if you deposited the tax for the year timely, properly, and in full.
Farm employers. File Form 943 to report social security and Medicare taxes and withheld income tax for 2022. This due date applies only if you deposited the tax for the year timely, properly, and in full.
Federal unemployment (FUTA) tax. File Form 940 for 2022. This due date applies only if you deposited the tax for the year timely, properly, and in full.
Employees who work for tips. If you received $20 or more in tips during January, re-port them to your employer. You can use Form 4070
Employees who receive cash tips of $20 or more in a calendar month while working for you must report the total amount of tips they receive. The employees must give you written reports by the tenth day of the following month. Employees who receive tips of less than $20 in a calendar month aren’t required to report their tips to you but must report these amounts as income on their tax returns and pay taxes, if any.
Cash tips include tips received directly from customers, tips from other employees under any tip-sharing arrangement, and charged tips (credit and debit card charges) that you distribute to the employee. Both directly and indirectly tipped employees must report tips received to their employer.
Service charges added to a bill or fixed by the employer that the customer must pay when paid to an employee won’t constitute a tip but rather constitute non-tip wages. These non-tip wages are subject to social security tax, Medicare tax, and federal income tax withholding. In addition, the employer can’t use these non-tip wages when computing the credit available to employers under section 45B of the Internal Revenue Code because these amounts aren’t tips. Common examples of service charges (sometimes called auto-gratuities) in service industries are:
The articles in this blog are published with the understanding that the authors are not rendering legal, accounting or other professional advice or opinions on specific facts or matters, and, accordingly, assume no liability whatsoever in connection with its use.
