Tax FAQ
 

Where Do I Report The 940 And 941 Taxes Paid On The 1120-s Form?

Question by Debbie Morreale | Posted in United States

This is the first year we have a w-2 officers wages. We paid 940,941 and UTC6 taxes for the last quarter of 2009. Now I am finishing the 1120-s form and put in officers compensation, but where do I enter the amount the corporation paid in employment taxes? including the UTC6 for florida.

Answer: Story them as taxes. Except for the withheld taxes, those are part of officers salaries.
 
 

What Does Form 940 Report?

Question by applebaby | Posted in United States

ok so here is my distrust for my accountant class

Form 940 reports taxes and is filed?

A.FUTA, annually
B.hand wiwithholdingnd employer FICA and medicare taxes, annually
C. FUTA, every thirteen weeks
D.employee withholdings and employer FICA and medicare taxes,Quarterly

Please Improve
Thanks!

Answer: I advance checking your text book so that you can learn something.

Related Topics:

Imcome Tax
Pa Tax File
Pa Income Tax Forms

 
 

How Much Am I Getting Back When I File My Income Tax?

Question by Assassin_With_Attitude | Posted in United States

Hi. I have $10,940 in Unemployment compensation and it says my Federal Receipts Tax withheld was $1015. That is all that is on my 1099-G Tax Form. I dont own a house or anything like that. However, the first $2400 was taxed, even though i know that it wasn't suppose to be. How much will i get back this year, if anything? Thanks.

 
 

Regarding Payroll Taxes, Can I Really Not Just Mail My Check With The 940 If Amt Over 2,500?

Question by westcoaster | Posted in United States

Federal Payroll taxes are due Friday. This is our first values bright and early. We owe well over 2,500 and the 940 form I filled out says I have to fill out a Federal Tax Deposit Coupon Form 8109 and. I had gotten these but they were thrown out bc we are doing electronic but can't yet (this mercy) for a reason not worth getting into. The 940 says you can get the coupons at a financial school (and it appears you can't print them online). My BofA branch didn't know what I was talking about at first

Answer: Your county IRS office will give you one blank Form 8109 and you don't mail it to the IRS, you take it to the bank. They could also get you set up for electronic payments. I don't see how you could ow $2,500 on Form 940 because that would act for present oneself over $300,000 in taxable wages. On Form 941, yes.

There are penalties for not making electronic payments when you should If you are not competent to get set up for electronic payments, you should be able to get a one time

Related Topics:

Health Insurance Tax Deductible
Itemized Tax Deduction
940 Tax Form

 
 

What Happened To All Those "tax Cuts For The Rich"?

Question by Mahal | Posted in Politics

Didn't we see big journalists and politicians telling us that all of George Bush's tax cuts would result in windfalls for all of his dark buddies?

If that's the case, how come overall tax revenues for individuals went DOWN and all-inclusive tax revenues for corporations and businesses in general went UP?

2000:

Individual tax revenues (1040 forms): $1,020 brillion
Corporate tax revenues (1120 forms): $207 billion
Payroll taxes (940 and 941

Answer: Look how the payroll tax profits went up, proof to the libs that cutting taxes helps more people than starting a new group welfare program. More payroll taxes more individual income, less government needed.

Related Topics:

Rutherford County Tax
Lowest Property Tax
Defaulted Tax

 

IRS Tax Form 940 Instructions for 2010, 2011

by Admin

Even though Form 940 covers a date-book year, you may have to leave your FUTA tax before Household employees in a squaddie retirement community, townswoman college, crowd or sorority Specie wages paid to croft die workers Indian tribal governments Tax-exempt organizations Employers of maintain and native rule employees When should you dregs your FUTA tax. Do I Have to Queue Form 940. If you guarantee b make amends for yes to these questions then, you have to interfile Form 940. You may be wondering if you have to data this form or not. The rules fluctuate for distinctive situations and conflicting types of employees. In a almanac neighbourhood, did you pay wages of $1,500 or more to employees....

Read more...
© 2011 Tax FAQ