News n.31/2023
Once again this year, the date by which tax withholding agents are required to electronically submit Form 770 for 2022 income to the Internal Revenue Service is set at Oct. 31, 2023.
The Form, which is to be used by withholding agents (including state governments) to report withholding taxes to the Internal Revenue Service, can be either Simplified or Ordinary.
1. Form 770/2023 Simplified consists of the panels containing summaries of the withholdings made and payments made, regarding:
Income from employment, equivalent and assimilated employment;
Self-employment income
Commissions and miscellaneous income.
2. Form 770/2023 Ordinary consists of the panels containing summaries of the withholdings made and payments made with respect to: