Explore and review Circular E – Employer’s Tax Guide, located in Week 2 Files of the Files folder, directly below the Syllabus. Examine the document and answer the questions below:
When must a form be filed if the due date falls on a Saturday, Sunday, or legal holiday?
Is Form 944 filed on a quarterly basis or an annual basis?
To make suggestions for future Circular E publications, what is the address to which you can write?
Define the next-day deposit rule.
What is the toll-free number to call when you have a tax question?
In your responses to the above questions should be at least one page. In your response, state or rewrite the question to indicate what you explain or discuss. Your written paper should be submitted in a Word document, single-spaced, and submitted in Canvas. Please adhere to the following requirements:
Format your paper following the 7th Edition of the APA guidelines.
Your paper must include at least two citations.
Your sources must consist of the textbook and any other credible scholarly source.
All sources used or cited must be included in the reference list.
Please review the assignment grading rubric to familiarize yourself with the grading criteria
Complete Form SS-4 for a newly formed company. A blank Form SS-4 and the instructions to Form SS-4 are in Week 2 Files of the Files folder, directly below the Syllabus in the course page. Below is the relevant information about the company, Jackson and Associates:
Jackson and Associates is a financial services company formed as a sole proprietorship by its owner, Bob Jackson (SSN 222-22-2222), on February 28, 2020.
As a result of having started a new business, the company files Form SS-4 to begin distributing payroll checks as of March 13, 2020.
The firm is located at 1250 Parker Street, Moseley, VA 23238 (in Chesterfield County, which is the only address associated with the business). The telephone and fax numbers are both 804-555-1693.
The company uses the calendar year as its fiscal year and expects to employ six individuals (earning an average of $50,000/year) throughout the first 12 months of operations.
Payroll is to be paid biweekly on Fridays, with the first pay date scheduled for Friday, March 13, 2020. Form SS-4 is completed on the date of formation of the company. The company does not assign a third-party designee.