Get 8846 Form

The 8846 form is vital for food and beverage establishments to claim a credit for employer social security and Medicare taxes paid on certain employee tips. This guide will provide you with clear, step-by-step instructions on how to fill out this form online, ensuring you have the necessary information at your fingertips.

Follow the steps to complete the 8846 form online

1. Press the ‘Get Form’ button to access the 8846 form and open it in the online editor.
2. Enter your identifying number and the names shown on your tax return at the top of the form.
3. On line 1, input the total tips received by employees for services where you paid or incurred employer social security and Medicare taxes during the tax year.
4. For line 2, if any tips received are not subject to credit provisions, compute the amount and enter it here. If none apply, enter zero.
5. Subtract line 2 from line 1 to calculate the creditable tips, and enter the result on line 3.
6. For line 4, multiply the amount from line 3 by 7.65%. If applicable, check the box indicating tipped employees' wages exceeded $113,700 and attach necessary computations.
7. On line 5, if applicable, report the credit for employer social security and Medicare taxes paid on certain tips from partnerships and S corporations.
8. Finally, add the totals from lines 4 and 5, and enter this total on line 6. Make sure to follow the specific instructions for partnerships and S corporations as necessary.
9. Once all fields are completed accurately, you can save your changes, download, print, or share the form as needed.

Start completing your 8846 form online today to ensure you receive the credits you're entitled to.