944 Forms are designed so the smallest employers (those whose annual liability for social security, Medicare, and withheld federal income taxes is $1,000 or less) will file and pay these taxes only once a year instead of every quarter. In general, if the IRS has notified you to file Form 944, then you must file Form 944 instead of Form 941 to report all the following amounts: 1) Wages you have paid. 2) Tips your employees have received. 3) Federal income tax you withheld. 4) Both the employer's and the employee's share of social security and Medicare taxes. 5) Current year's adjustments to social security and Medicare taxes for fractions of cents, sick pay, tips, and group-term life insurance. 6) Advance earned income tax credit (EIC) payments.
Due Dates for 944 Forms
* If date shown falls on a Saturday, Sunday or legal holiday, the due date is the next business day.