IRS Says Return Filings Up Slightly in Fiscal 2014

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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.

Filing Breakdowns

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 mtrimarchi@bna.com.