Why Form 8854 Withholding 2023-2024

Music, let's get started with filing and paying withholding tax. First, choose your withholding tax account. The form WT6 deposit reports and form WT7 annual reconciliations are shown on separate tabs. Annual filers do not need to file a Form WT6. To file a Form WT6, select "File/Pay" for the period. We recommend paying by direct debit from a checking or savings account. It's the easiest and most secure way to pay. Your previous payment sources, if saved, will be listed on the payment screen. Select the account you want to use or enter a new payment source. You can save this bank information as your default for future payments. Today's date is entered as the payment date. You can change the payment date to any future date up to the due date for the report. Enter the tax withheld from employees for the selected filing period. The tax amount is automatically entered as the payment amount. Confirm the amount and submit the payment. After you submit and agree that the information you report is correct, you'll see a confirmation page. To file a report or to file with no payment, select "File/Report" or "Pay Later". If you don't have withholding for the period, check the "File Report" and click "Submit". If you need to make a payment after filing your report, select "File/Pay" for the period. Select "Pay Only" and choose your payment method. To file Form WT7, click the WT7 reconciliation tab and select "File WT7". If you are a business with an annual filing frequency for withholding tax, this is the only withholding return you will file for the year. Enter the number of wage statements and information returns for the year. Then choose how you will file them. If you select the "My Tax Account" option, you must manually enter the...