Publication 926, Household Employer's Tax Guide; How Do You Make Tax Payments?

V. Preparing Your Tax Return(s) and Information Returns

XI. Alerts and Tutorials

Update

How Do You Make Tax Payments?
When you file your 2000 federal income tax return in 2001, attachSchedule H, Household Employment Taxes, to your Form 1040.Use Schedule H to figure your total household employment taxes (socialsecurity, Medicare, FUTA, and withheld federal income taxes). Addthese household employment taxes to your income tax. Pay the amountdue by April 16, 2001. (For more information about using Schedule H,see Schedule H on page 8.)
You may choose to pay your taxes by credit card (AmericanExpress Card, MasterCard, or Discover Card). Forinformation about this option, see the instructions for Form 1040,line 68.
albergo di lusso GdyniaYou can avoid owing tax with your return if you pay enough taxduring the year to cover your household employment taxes, as well asyour income tax. If you are employed, you can ask your employer towithhold more federal income tax from your wages in 2000. If you get apension or annuity, you can ask the payer to withhold more federalincome tax from your benefits. Or, you can make estimated tax paymentsfor 2000 to the IRS, or increase your payments if you already makethem.
Caution:
You may have to pay an estimated tax penalty if you do not payhousehold employment taxes during the year and either of the followingsituations applies for the year.
You will have federal income tax withheld from your pay,pension, annuity, etc.
You would be required to make estimated tax payments (toavoid the penalty) even if you did not owe household employmenttaxes.
Asking for more federal income tax withholding.If you are employed and want more federal income tax withheld fromyour wages to cover your household employment taxes, give youremployer a new Form W-4, Employee's Withholding AllowanceCertificate. Complete it as before, but show the additionalamount you want withheld from each paycheck on line 6.
If you receive a pension or annuity and want more federal incometax withheld to cover household employment taxes, give the payer a newForm W-4P, Withholding Certificate for Pension or AnnuityPayments (or a similar form provided by the payer). Complete itas before, but show the additional amount you want withheld from eachbenefit payment on line 3.
Get Publication 919, How Do I Adjust My Tax Withholding?to make sure you will have the right amount withheld. It willhelp you compare your total withholding for 2000 with the combinedincome tax and employment taxes that you can expect to figure on your2000 return.
Paying estimated tax.If you want to make estimated tax payments to cover householdemployment taxes, get Form 1040-ES, Estimated Tax forIndividuals. Use its payment vouchers to make your payments. Youcan pay all of the employment taxes at once, or you can pay them ininstallments. If you have already made estimated tax payments for2000, you can increase your remaining payments to cover the employmenttaxes. Estimated tax payments for 2000 are ordinarily due April 17,June 15, and September 15, 2000, and January 15, 2001.
Beginning March 1, 2000, you can generally pay part or all of yourestimated tax by using a credit card (American Express Card,MasterCard, or Discover Card). For information about thismethod of payment, see the instructions for Form 1040-ES.
Payment option for business employers.hoteles SevillaIf you own a business as a sole proprietor or your home is on afarm operated for profit, you can choose either of two ways to payyour 2000 household employment taxes. You can pay them with yourfederal income tax as described above, or you can include them withyour federal employment tax deposits or other payments for yourbusiness or farm employees. For information on depositing employmenttaxes, see Publication 15.
Turin accommodationIf you pay your household employment taxes with your business orfarm employment taxes, you must report your household employment taxeswith those other employment taxes on Form 941 or Form 943 and on Form940 (or 940-EZ). See Business employment tax returnson page 8.
Caution:
The deduction that can be taken on Schedules C and F (Form 1040)for wages and employment taxes applies only to wages and taxes paidfor business and farm employees. You cannot deduct the wages andemployment taxes paid for your household employees on your Schedule Cor F.
More information.For information about paying taxes through federal income taxwithholding and estimated tax payments and figuring the estimated taxpenalty, get Publication 505, Tax Withholding and Estimated Tax.