Things You'll Need:
- Open mind
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Step 1
Form SS-4 - Application for Employer Identification Number. This form is used to obtain and employer identification number from the IRS for purposes of social security, withholding and federal tax returns. Also churches with employees must apply for an identification number.
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Step 2
Form W-2 - Wage and Tax Statement. This form is used to report the annual income and withheld income and FICA taxes to employees. This form must be issued by all businesses, including nonprofit organizations,such as churches.
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Step 3
Form W-3 - Transmittal of Income and Tax Statements. This form is used to transfer the amount of employee W-2 forms to the Social Security Administration. The income is totaled on the W-3.
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Step 4
W4 - Employee's Withholding Allowance Certificate. This form is issued to the employees so that they can report withholding allowances. This information is used by the employer to determine the amount of taxes to withhold from employee checks.
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Step 5
Form 940 - Employer's Annual Federal Unemployment Tax Return. This form is used by employers to compute and report unemployment taxes.
Comments
frefre002 said
on 1/6/2009 Thanks for the info! Wow! Is it that time of the year already?
chasingthebull said
on 1/4/2009 Nice review of some of the commonly used tax returns. Filling them out is a bit harder though.
AllFYB said
on 1/4/2009 tax Forms are so much fun. Thanks for the knowledge.
Sush56 said
on 1/4/2009 Great information. It will come in handy real soon.
StarrySkye said
on 1/4/2009 good information...thanks