The Internal Revenue Service has come out of the gate in 2006 with a shiny new employment tax form for small employers.Effective January 1, employers who expect to owe no more than $1,000 in federal employment taxes for the 2006 calendar year will be required to file Form 944, Employer's Annual Federal Tax Return, replacing the quarterly Form 941.
"For some time now, the IRS has been looking for ways to reduce the paperwork burden on individuals and businesses," said Nancy Mathis, a spokeswoman for the IRS.
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