diff --git a/Payroll-Liabilities.md b/Payroll-Liabilities.md index 0b00827..21c79d6 100644 --- a/Payroll-Liabilities.md +++ b/Payroll-Liabilities.md @@ -53,6 +53,45 @@ Department of the Treasury Internal Revenue Service Kansas City, MO 64999-0005 +**Form 941 is paid via EFTPS** + +### Yearly 944 + +Note that this is done *instead of* a Quarterly 941, but only if approved by the IRS. Currently, both Bitnetix and EWG are 941 filers. + +### Yearly 940 + +Note that this needs to be done *in addition to* the Quarterly 941 form and/or the Yearly 944. Instructions are available at (https://www.irs.gov/instructions/i940). + +#### Instructions + +##### Top of Form + +Bitnetix: + +* ID: 26-4029404 +* Name: Bitnetix Incorporated +* Trade Name: SmartVox +* Address: PO Box 180, Walworth, NY 14568 + + +##### Line Items + +* 1a - NY +* 2 - Likely checked (also complete Schedule A) +* 3 - Enter Adjusted Gross Pay +* 4 - Likely zero for all boxes +* 5-8 - Do the math +* 9 - Likely blank +* 10 - Likely blank +* 11 - Enter from Schedule A +* 12-15 - Do the math +* Part 5 (lines 16-17) will likely be blank + +* Schedule A: Enter the appropriate amount in the NY box, do the math, and carry back to line 11 + +**Form 940 is paid via EFTPS.** + ### EFTPS