IRS NOTICE REFERENCE
Understanding Your CP137B Notice
Next year, you may have different deposit requirements for your Form 945, Annual Return of Withheld Federal Income Tax , based on your Form 945 tax from last year. CP137B shows your deposit requirements for next year.
General information only. Not legal or tax advice.
Notice details
- Notice code
- CP137B
- Category
- Account and informational
- Severity tier
- Tier 1 — Routine. Informational or administrative notice; no response typically required.
- Source
- IRS.gov — Understanding Your IRS Notice
What this notice is
Next year, you may have different deposit requirements for your Form 945, Annual Return of Withheld Federal Income Tax , based on your Form 945 tax from last year. CP137B shows your deposit requirements for next year.
Source: IRS.gov. Reproduced for reference. General information — not legal or tax advice.
What the IRS says to do
If your tax liability for last year was $50,000 or less, you are a monthly depositor next year. Monthly depositors must deposit withholding taxes on nonpayroll payments paid during a month by the 15th day of the following month. If your tax liability for last year was over $50,000, you are a semi-weekly depositor next year. Semi-weekly depositors must deposit withholding taxes on nonpayroll payments paid on Saturday, Sunday, Monday, or Tuesday by the following Friday. Taxes on payments paid on Wednesday, Thursday, or Friday are due the following Wednesday. Check your records to determine if they agree with the liability shown on CP137B. If the amount we used differs from your tax records, then you must determine and follow the appropriate deposit schedule. If the tax amount we used is zero, then we have no record of receiving last year's Form 945. Please file Form 945 as soon as possible.
This is the IRS’s own guidance reproduced from the IRS notice page. It describes the IRS’s process — it is not legal or tax advice from TaxRiskOS.
Official IRS reference
Read the official notice page on IRS.gov: https://www.irs.gov/individuals/understanding-your-cp137b-notice
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