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In the IRS’s own words · not reviewed by VALID
CP137 notice explained, in the IRS’s own words
This notice explains to you what your new Federal Tax Deposit (FTD) schedule is for next year’s Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, based on your tax from last year’s Form 943.
Read the full CP137 page on irs.gov ↗
What this notice is about
This notice explains to you what your new Federal Tax Deposit (FTD) schedule is for next year’s Form 943, Employer's Annual Federal Tax Return for Agricultural Employees, based on your tax from last year’s Form 943.
What you need to do
- Monthly depositors must deposit taxes for wages accumulated during a month by the 15th of the following month.
- Semiweekly depositors must deposit taxes as explained below:
- For wages paid on Saturday, Sunday, Monday, or Tuesday then you must deposit taxes by the following Friday.
- For wages paid on Wednesday, Thursday, or Friday then you must deposit taxes by the following Wednesday.
- You must determine the appropriate deposit schedule if the tax amount we used to determine your tax schedule is different from your tax records.
- If the tax amount we used is zero, then you may need to file last year’s Form 943. If you’re not required to file or you already filed a Form 943 that did not show any tax, then no action is needed.
How do I show the payments I made when I file Form 943, Employer’s ANNUAL Federal Tax Return for Agricultural Employees?
We have record of your payments. You only need to show the tax liabilities.
How do I show the tax liabilities?
If you’re a monthly depositor, enter the payroll tax due for each month in the monthly summary of federal tax liability. If you are a semiweekly depositor, use Form 943-A, Agricultural Employer’s Record of Federal Tax Liability PDF, to enter the tax due for each date you paid your employees.
What do I do if the tax liability on the notice is incorrect because I filed a Form 943-X?
We determine your deposit requirements based on the original tax liability for last year. If adjustments were made by filing a Form 943-X that adjusted tax liability won’t affect or change your deposit schedule.
What to do next
- Write down the date on the letter today.
- Look the number up on irs.gov yourself. Don’t trust a link or phone number from anyone else.
- If it says you owe money or proposes changes to your return, take it to a licensed CPA, EA or tax attorney before that date.
Not advice. Not a filing. Verify with a licensed professional. Rules change by year and facts.