IRS form 945 is used to report annual federal income tax. Use this form to report withheld federal income tax from non-payroll payments.
Why Would You Use 945?
Non-payroll payments include:
- Military retirement
- Gambling winnings
- Indian gaming profits
- Certain government payments on which the recipient elected voluntary income tax withholding
- Dividends and distributions by Alaska Native Corporation (ANC) on which the recipient elected voluntary income tax withholding
As a major exception, if you withheld these taxes from the income of a foreign person, you will not file this amount on a 945, you’ll file this amount on your 1042.
Form 945 Deadlines For 2020
The following are the due dates for each filing type. Forms must be transmitted to the IRS before the deadline.
- IRS eFile > January 31
- IRS eFile (If taxes are already paid) > February 10.