The Bloomberg BNA Payroll Library gives you reliable, up-to-date guidance and analysis in every area of payroll administration and compliance, and includes hundreds of interactive forms and links to related federal, state, and local sites.
By Keith M. Hill
The Internal Revenue Service received about 30 million employment tax returns in fiscal year 2014, a 0.4 percent increase from fiscal 2013, according to the agency's latest data book, released March 24.
The forms filed included 940, Employer’s Federal Unemployment Tax Return; 941, Employer’s Quarterly Tax Return; 943, Employer’s Tax Return for Agricultural Employees; 944, Employer’s Annual Tax Return; and 945, Annual Return of Withheld Federal Income Tax.
The data book is a snapshot of agency activities for the fiscal year. The report describes activities conducted by the IRS from Oct. 1, 2013, to Sept. 30, 2014, and includes information about returns filed, taxes collected, enforcement, taxpayer assistance and the IRS budget and workforce.
The agency collected more than $976 million in employment taxes during that time period, up from 2013, the data book said.
States with the largest number of employment tax returns filed were California, 3.6 million; New York, 2.3 million; and Florida, 2.1 million, the IRS said.
The IRS received 9.6 million employment tax returns filed electronically, up 8 percent increase from 2013, the data book said. The states with the largest number of electronically filed returns were California, 1.6 million; New York, 878,995; and Florida, 712,363.
The IRS received 2.3 billion information returns in 2014, with 2 billion filed electronically, the book said. Information returns filed included the Form 5498 series, the Form 1098 and 1099 series and Forms W-2 and W-2G.
The IRS also received 2.8 million returns related to the additional Medicare tax, with $6.5 million in taxes collected, the data book said.
These figures reflect the number of Forms 8959, Additional Medicare Tax, that reported an additional Medicare tax, but exclude 547,000 Forms 8959 that did not report an additional Medicare tax, the book said.
To contact the editor on this story: Michael Trimarchi at firstname.lastname@example.org.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)