Form 940 (PR) Lansing Michigan 2022-2025

Form 940 (PR) Lansing Michigan: What You Should Know

Schedule T (Deductions), Section B — 10% Frequently Asked Questions About Section B — 10% of Gross Pay Q: What happens to the 10% tax if the taxpayer's employment ended after December 31, 2009?   The 10% tax is a credit against any Federal income tax liability that the employer must pay. A taxpayer may, for example, owe a credit of 10% or 20% of wages for 2025 if the taxpayer ends the year as eligible for benefits. See IRS Publication 576. Q: Is section B — 10% tax on non-disclosures required?   The employer must report non-disclosures to the IRS on Form 965-C, Employer's Federal Unemployment Tax Return. Q: Can my employer withhold Section B — 10% for employees of a covered subsidiary/affiliate?   While the Section B — 10% tax on wages does not apply to compensation received by the taxpayer from any of the employer's affiliates, the taxpayer is considered to be an employer for purposes of section 901(a)(16)(A)(ii) (and for other purposes discussed above). If the Section B — 10% tax applies to wages from the employment relationship, the employer may need to withhold the tax from the wages because wages from the employment relationship are wages subject to the income tax. See IRS Publication 904. See IRS Publication 905, Employers' Guide to Filing Income Taxes — Part I, for more information about the 10% withholding requirement related to employees of a subsidiary/affiliate. Q: When and how is section B — 10% tax deducted and reported?   When wages and other taxable compensation is due. Generally, section B — 10% of wages can be reported electronically via Employer's Quarterly Federal Unemployment Tax Statement (QFS-QFS). See also Publication 906 for more information about section B — 10%. If the taxpayer's employment ends before the end of the quarterly reporting period, section B is to be reported and the employer may apply tax to the wages as described above in QFS-QFS. Q: Can section B — 10% tax imposed on wages be deferred until the end of the year based on the employer's estimated tax payment?   Yes. See IRS Publication 917, Employer's Tax Guide for Individuals.

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