Pension & Benefits News IRS seeks comments on reporting of nonpayroll withheld tax liabilities on Forms 945, 945-A, 945-X
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Friday, January 8, 2021

IRS seeks comments on reporting of nonpayroll withheld tax liabilities on Forms 945, 945-A, 945-X

By Pension and Benefits Editorial Staff

The IRS is seeking comments on extensions of currently approved collections of information concerning the reporting of nonpayroll withheld tax liabilities on Form 945 (Annual Return of Withheld Federal Income Tax), Form 945-A (Annual Record of Federal Tax Liability), Form 945-X (Adjusted Annual Return of Withheld Federal Income Tax or Claim for Refund), and T.D. 8672 (Reporting of Non-payroll Withheld Tax Liabilities). Pursuant to IRS regulations under Code Sec. 6011, a person must file Form 945 only for a calendar year in which the person is required to withhold federal income tax from nonpayroll payments, such as pension distributions. There are no changes being made to the forms at this time. However, changes to the estimated number of filers will result in a total burden decrease, according to the IRS.

Written comments, which should be received on or before January 19, 2021, should be directed to: Paul Adams, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224.

Source: 85 FR 73352.

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