Form 770/2023: Income for the 2022 Tax Year

News . 31/2023

Once again this year, the deadline by which withholding agents are required to electronically file Form 770 with the Internal Revenue Service for 2022 income is set for October 31, 2023.

The form, which must be used by withholding agents (including government agencies) to report withholdings to the Internal Revenue Service, can be either the Simplified or the Standard version.

1. The Simplified Form 770/2023 consists of sections containing summaries of withholdings and payments made, relating to:

• Income from employment, equivalent income, and similar income;

• Income from self-employment

• Commissions and other income.

2. Form 770/2023 (Ordinary) consists of sections containing summaries of withholdings and payments made in relation to:

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