Form 2159 Vancouver Washington 2024-2025

Form 2159 Vancouver Washington: What You Should Know

Please submit this form with forms W-2 and 1099/1040, which will be made to the employee. If the amount owed is 400 or more the employer's pay period will end in one of three ways. If you pay the entire amount the week after the date shown, the employer will be able to use this payment on your next Federal, State, or Local tax return with the pay period ending on this date. If the employee has not paid all the amount by the date shown when we get the request the account will be closed unless an agreement can be reached that can be filed with the employer and the Employee. If an agreement can be reached, the employer will be issued a Payroll Deduction Agreement for this year and the employee will be issued Form 2159, providing that the employee has paid the full amount by this date. If an agreement can't be reached (including a request for an extension) the account will remain closed until an extension is granted. 5.14.11 Direct Debit Agreement — IRS 5.14.11.1 What is a Direct Debit Agreement? The primary purpose for creating a Direct Debit Agreement is to help the employee pay his Federal, State, or Local Income Tax/Wage Tax on time. It is not intended as a replacement for the employer's employee income tax withholding. In order to make the account work, there must be an agreement between the employee and the employer. The agreement must provide that there will be no deductions from the employee's paycheck, or that there will be deductions from a different source, (e.g., tax-free savings accounts, an Individual Retirement Account [IRA], and/or a Supplemental Retirement Balance Plan [SRP], etc.). 5.14.11.2 How do I create a Direct Debit Agreement? Go to the link for the Direct debit section of the IRS website and complete the Form 8888, Direct Debit Agreement. You may be contacted electronically by providing the following information: Your Employers name Your Employers address (i.e., the address on your Form W-2, Form 1099 and/or Form 1040) The employee's name (i.e., the name or social security number on Form SS-5 or ESR 1) if the account is for an employer other than the employee's employer.

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