Form 9423 Meaning | How to Fill out Form 9423?

What is Form 942?

Formerly known as the “Employers Quarterly Tax Report for Household Workers,” Form 942 was used by employers in the United States to pay Social Security, Medicare, and federal unemployment tax for household workers, including nannies and housekeepers.

Form 942 is no longer in use. The IRS discontinued this form, and now employers who employ household employees report these taxes by filing Schedule H (Household Employee Taxes) with their annual federal income tax returns (Forms 1040, 1040sr, or Form 1040nr).

If you have household workers, Schedule H must be used. You will need to enter the wages paid and employment taxes owed. You should also take into account state employment taxes, which vary from state to state.

How to Fill out Form 9423?

Taxpayers can use Form 9423 to appeal an IRS collection action. You can use this form if you are not happy with an IRS notice of lien or levy.

Here’s a step-by-step guide on how to fill out Form 9423:

Taxpayer Information

Line 1: Enter your name or the name of the business (if applicable).
Line 2: Enter your Social Security Number (SSN) or Employer Identification Number (EIN) for a business.
Line 3: Enter your spouse’s name and SSN, if applicable.
Line 4: Enter your current mailing address, including city, state, and ZIP code.
Line 5: Enter your telephone number where you can be reached during business hours.
Line 6: If you have a representative, provide their name, address, telephone number, and any Centralised Authorisation File (CAF) number.

Collection Information

Line 7: Indicate the type of collection action that you are appealing.
Line 8: Indicate the date that the notice or action you are appealing was issued.
Line 9: Enter the IRS office where the action was initiated (the information is on the notice you received).

Reason for Request

Line 10: Describe the reasons for your appeal. Explain in detail why you are not happy with the collection. Describe the circumstances and facts that you feel justify your appeal. If necessary, attach additional sheets.

Signatures

Line 11: Date and sign the form. If this is a request made jointly with your spouse, both must sign.
Line 12. If you’re completing a form for an organization, please include your title.

Attachments

Add any documents relevant to your appeal. Attach any relevant documents that support your appeal. This could include correspondence from the IRS or notices received.

Submitting the Form

You should then submit the completed form to the IRS office that issued the notice. Typically, the IRS will provide the address on the notice that you received.

How Often is Form 941 Filed?

Employers in the United States file Form 941, Quarterly Federal Income Tax Return. This form is used by employers to report the wages they pay to their employees, as well as any federal income tax, Social Security, and Medicare taxes that are withheld. It also includes the employer’s share of Social Security and Medicare tax.

Filing Schedule for Form 941

Form 941 is filed four times a year according to the following schedule:

First Quarter (January, February, March):

Due Date: April 30

Second Quarter (April, May, June):

Due Date: July 31

Third Quarter (July, August, September):

Due Date: October 31

Fourth Quarter (October, November, December):

Due Date: January 31 (of the following year)

Form 941 helps ensure that employers are compliant with their obligations to withhold and pay employment taxes, which are crucial for funding federal programs such as Social Security Tax and Medicare Tax.