SECTION 8: DEPOSITING AND REPORTING WITHHELD TAXES

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Across
  1. 4. Information return used to report miscellaneous payments made by businesses.
  2. 7. The practice of displaying only part of a taxpayer identification number to protect sensitive information.
  3. 8. An employer required to deposit employment taxes based on specific payroll timing rules.
  4. 12. Electronic funds withdrawal used to pay balances due on employment tax returns.
  5. 16. Requirement to deposit withheld taxes within one banking day when tax liability reaches $100,000 during a deposit period.
  6. 19. Method allowing employers to access EFTPS directly by computer or phone to submit tax deposit information.
  7. 20. A form used by semiweekly depositors to report daily tax liability amounts.
  8. 22. Information return used to report pension and retirement distributions.
  9. 23. A Social Security number or employer identification number used as a taxpayer’s account number with the IRS.
  10. 25. Electronic filing platform for business employment tax returns.
  11. 26. A return filed with the IRS or SSA reporting payments and tax information.
  12. 31. Allocation schedule used by aggregate Form 941 filers to report client tax liability.
  13. 32. Information return used to report nonemployee compensation.
  14. 34. IRS electronic system for filing information returns.
  15. 36. Payments for services performed in a prior year that require special reporting to protect Social Security benefits.
  16. 37. Electronic filing specifications for submitting Forms W-2 to the SSA.
  17. 38. Transmittal form used to submit corrected Forms W-2 to the SSA.
  18. 39. SSA system for recording wages reported annually by employers.
Down
  1. 1. A form in the 94X series used to make interest-free corrections to previously filed employment tax returns.
  2. 2. For federal tax purposes, any day that is not a Saturday, Sunday, or legal holiday in the District of Columbia.
  3. 3. Annual wage and tax statement provided to employees and filed with the Social Security Administration.
  4. 5. An employer required to deposit employment taxes monthly based on lookback period liability.
  5. 6. The prior period used to determine an employer’s deposit schedule for employment taxes.
  6. 9. The employer’s account number with the Internal Revenue Service consisting of nine digits.
  7. 10. Transmittal form used to summarize and submit Forms W-2 to the Social Security Administration.
  8. 11. SSA software used to test electronic W-2 and W-2c files for formatting accuracy before submission.
  9. 13. Electronic Federal Tax Payment System used by employers to make federal tax deposits electronically.
  10. 14. Form used to claim a refund or request abatement of certain employment taxes.
  11. 15. IRS electronic filing system for certain information returns in the 1099 series.
  12. 17. Internet-based EFTPS option allowing employers to deposit taxes and review payment history.
  13. 18. Form used to correct errors on previously filed Form 941.
  14. 20. Privately printed tax forms that meet IRS specifications and may be filed instead of official forms.
  15. 21. SSA online system providing electronic wage reporting and SSN verification services.
  16. 22. Quarterly federal employment tax return used to report wages and employment taxes.
  17. 24. Corrected wage and tax statement issued to fix errors on Form W-2.
  18. 27. A federal tax deposit made for employment taxes.
  19. 28. Legislation that reduced the electronic filing threshold for information returns.
  20. 29. Annual federal employment tax return for eligible small employers.
  21. 30. The process of transmitting tax or information returns directly from one computer to another.
  22. 32. Annual return used to report federal income tax withheld from nonpayroll payments.
  23. 33. The process of ensuring amounts withheld, deposited, paid, and reported agree and correcting any differences.
  24. 34. Annual federal tax return for agricultural employers.
  25. 35. Statement provided to employees or payees showing payments made and taxes withheld.