South Dakota Form 945-A 2024-2025

South Dakota Form 945-A: What You Should Know

Form 945-B (Rev. April 1998) Use this form to report non-payroll income tax withholding based on the dates received by the non-employee. These nonpayroll items include backup withholding and Form 945-C (Rev. July 1999) Use this form to report non-payroll income tax withholding based on the effective dates you file your return. These nonpayroll items include backup withholding and  Q: What Are Nonpayroll Items On This Form? — Gusto Q: What is Backup Tax Withholding? — Gusto In most cases, backup withholding occurs with respect to non-payroll income tax withholding that is the same or an amount greater than the withholding due under federal income tax law. Backup withholding occurs when it is more expensive to withhold under tax law than it is to withhold under federal law, because the amount withheld (including backup withholding) must be applied first to the taxpayer who pays the taxes withheld. The income tax liability for the year is the amount by which the excess non-payroll withholding over the tax liability is more than the taxes paid. For example, if you withhold 60,000 of payroll under Internal Revenue Code section 1402(a) in 2025 and the total tax liability is 120,000, that amount less the backup withholding 80,000 will be applied to the taxpayer who pays the taxes withheld. What Is Backup Withholding? — IRS Q: What Are Backup Withholding Penalties? — IRS If you have not received backup withholding of the amounts due you, you will be subject to backup withholding penalties. Backup withholding penalties may be assessed as a result of the following events: • You have failed to make required payments of payroll taxes to the IRS. • You have failed to make Required Information Returns (Sirs) and returns and schedules for which you do not have a timely filed Form W-2. To avoid backup withholding penalties, you must give the IRS a written statement with which to prepare and file the required returns. The statement should state: 1. The estimated amount of taxes withheld; 2. The non-employee portion of the taxes withheld and any amount withheld under the backup withholding rules; and 3. If any amounts were withheld under the backup withholding rules under which the employee paid the taxes.

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