Taxes Withheld From Pensions, Annuities, IRAs, and Gamblings Winnings (Form 945)

Trust fund taxes

Form 945 is used to report federal income taxes withheld from certain types of non-employee distributions, such as pensions, annuities, IRAs, and gambling winnings.

Form 945 It is also used to report backup withholding.

Backup withholding is generally required for payments made to independent contractors of $600 or more if the independent contractor does not give his tax identification number if given to you.

Form W-9 is used to request a tax identification number.

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