Get Irs 8846 2022-2025

The IRS 8846 form allows certain food and beverage employers to claim a credit for social security and Medicare taxes paid on employee tips. This guide provides clear instructions to help users complete the form accurately and efficiently.

Follow the steps to complete the form effectively.

1. Press the ‘Get Form’ button to obtain the IRS 8846 form and access it in an online format.
2. Enter your identifying number as indicated in the top section of the form. This information is essential for proper identification.
3. List the names shown on your tax return in the designated field. Ensure spelling is accurate to avoid processing delays.
4. On line 1, enter the total tips received by employees for services where you paid or incurred social security and Medicare taxes during the tax year.
5. For line 2, calculate the tips that are not creditable. If any employees were paid $5.15 or more an hour excluding tips, enter zero for those cases.
6. Subtract the total from line 2 from the total on line 1 to find the creditable tips. Enter this amount on line 3.
7. Multiply the amount from line 3 by 7.65% (0.0765) to determine the employer credit amount. If any tipped employee’s wages exceeded $147,000, check the box on line 4 and follow the additional instructions.
8. Enter the total from line 4 and any additional credits from partnerships or S corporations on line 5.
9. Finally, add the amounts from lines 4 and 5, and enter the total on line 6. Save your form and consider downloading or printing a copy for your records.

Complete your IRS documents online to ensure timely and accurate submissions.