AUTOGEN is an automated system managed by the IRS that generates and mails a Federal Tax Deposit (FTD) coupon to taxpayers. This form accompanies employment tax deposits made at any Federal Reserve Bank.
An IRS publication that provides instructions for employers concerning employment tax withholding amounts and procedures.
Employment tax refers to the taxes that employers must pay based on the wages they pay to their employees. These taxes include federal income tax withholding, Social Security and Medicare taxes (FICA), federal unemployment tax (FUTA) and, for self-employed individuals, self-employment tax.
Employment and estimated tax returns that are due quarterly to report gross wages paid and withholdings of income tax, Social Security tax, and Medicare tax. These include Forms 941, 942, and 943. Some state unemployment tax returns are also due quarterly.
A tax deposit is a method used to pay federal tax liabilities through either a Federal Reserve Bank or a commercial bank that has been designated as a U.S. depository.
