IRS releases a draft of Schedule R of the Annual Return for Agricultural Employees
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created by Team Scrollingdowns
created by Team Scrollingdowns
The 2022 draft of Schedule R for Form 943 (Employer's Annual Federal Tax Return for Agricultural Employees) has been made available by the IRS.
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Employers use Schedule R to distribute to each client the whole data reported on Form 943 (Employer's Annual Federal Tax Return for Agricultural Employees).
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Schedule R must be filled out every time an aggregate Form 943 is filed by agents and CPEOs that have been approved by the IRS under Code Section 3504.
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The agent must submit Form 2678 (Employer/Payer Appointment of Agent) to the IRS in order to request authorization to operate as an employer's agent pursuant to Code Section 3504.
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To file Schedule R, Form 2678 must first be submitted and authorised by the IRS.
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If they have clients who are claiming the qualified small business payroll tax credit for increasing research activities, the credit for qualified sick and family leave wages,
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or the COBRA premium assistance credit, other third-party payers that file aggregate Forms 943, such as non-certified PEOs, must complete and file Schedule R.
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Only those clients who are claiming one or more of these credits must have client-by-client amounts included by third-party payers other than agents
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who have been approved by the IRS under Code Sec. 3504 and CPEOs.
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On Schedule R, page 1, line 8, there are sums for clients who do not claim any of these credits.
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Schedule R (Form 943) lines l, r, t, x, and y are now marked as "Reserved for future use" in the 2022 draught Schedule R.
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The employee retention credit and advance credits obtained by submitting Form 7200 were formerly reported on these lines (see Payroll Guide 20,907 for more information).