This program allows the user of the FACTS System to print the 945 form for the current period for each company.
Although the report may be printed at any time, information is incomplete until the last payroll of the period is run and the Check Register updated. The report should be printed PRIOR to running the End-of-Period Update since that program zeros period-to-date figures.
Income tax withheld for non-payroll items will be printed on this form. Examples of non-payroll items include pensions, annuities, IRAs and gambling winnings. Report information includes the following: company name and address and federal tax identification number. For each employee, the following is printed: social security number, employee name, gross wages, total wages subject to federal taxes, and amount of federal tax withheld. Report totals for gross wages, federal wages, and federal tax are printed. The total number of employees listed is also included.
1. Time Period
Enter whether to print 945 information for the Period, Quarter or Year. Enter (CR) defaults to P.
2. Order
Enter N or Y to indicate whether to print 945 information in state order. Enter (CR) defaults to N.
3. Recap
If P or Y was entered in field #1 this field is skipped. IF Q was entered in field #1, and Y was entered in field #2, this field is skipped. If Q was entered in field #1 and N was entered in field #2, enter N or Y to indicate whether to print the tax liability recap for each month of the quarter. Enter (CR) defaults to N.