Contents Important Changes   ............................................ 1 Reminders  ........................................................... 2 2000 Calendar  ..................................................... 2 Introduction  ........................................................ 3 1. Who Are Employees?  .................................. 3 2. Employer Identification Number (EIN)  ....... 4 3. Employee's Social Security Number (SSN) 4 4. Taxable Wages  ............................................. 5 5. Taxable Tips   ................................................. 6 6. Social Security and Medicare Taxes for Farmworkers  ................................................ 6 7. How To Figure Social Security and Medicare Taxes   ........................................... 7 8. Deposit Requirements  ................................. 7 9. Employer's Returns  ..................................... 12 10. Wage and Tax Statements  .......................... 13 11. Federal Unemployment (FUTA) Tax—U.S. Virgin Islands Employers Only  .................. 14 12. Special Rules for Various Types of Services and Payments  .............................. 15 Important Changes New   electronic   deposit   requirement.      Beginning January   1,   2000,   the   following   changes   have   been made to the electronic deposit requirement: • The threshold that determines whether you must use the Electronic Federal Tax Payment System (EFTPS) has been increased from $50,000 to $200,000. • All Federal tax deposits (such as deposits for em- ployment tax, excise tax, and corporate income tax) made during a calendar year are combined to de- termine whether you exceeded the $200,000 threshold. If the total of your Federal tax deposits made in 1998 exceeded $200,000, you must use EFTPS beginning January 1, 2000. • Participation in EFTPS is voluntary if your deposits do not exceed the new $200,000 threshold, even if you were required to electronically deposit under the previous $50,000 threshold. However, businesses that exceed the new $200,000 threshold must con- tinue to use EFTPS in all later years. • The waiver of the penalty for failure to use EFTPS, scheduled to expire on July 1, 1999, has been ex- tended to January 1, 2000, for taxpayers whose total Federal tax deposits in 1998 did not exceed the new $200,000 threshold. However, taxpayers will remain Department of the Treasury Internal Revenue Service Publication 80 (Rev. January 2000) Cat. No. 46153G Circular SS Federal Tax Guide for Employers in the U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands Get forms and other information faster and easier by:    COMPUTER • World Wide Web ä www.irs.ustreas.gov • FTP ä ftp.irs.ustreas.gov • IRIS at FedWorld ä (703) 321-8020    FAX • From your FAX machine, dial ä (703) 368-9694