Only 10 of the employees work during the pay period of 9/1 – 9/13. Because only 10 employees worked on or through September 12, you would only report “10” on Line 1. Because of COVID-19, the IRS revised the 2020, 2021, and 2022 versions of Form 941. Per the IRS, do not use an earlier version of Form 941 to report 2023 tax information.

Find easier-to-read tax forms for seniors and people with different needs. I really am dealing with a tax issue albeit payroll taxes, but I figured that this was the best place to ask. If you were a monthly depositor for the entire quarter, put an “X” next to the second box what is form 941 and fill out your tax liability for Months 1, 2, and 3. Your total liability for the quarter must equal line 12 on your form. If you had any overpayments from previous quarters that you’re applying to your return, include the overpayment amount with your total on line 13a.

Schedules

I’m here to make sure that you’ll be able to access and view your archived 941 forms in QuickBooks Online (QBO). Patriot’s Basic Payroll software customers will get a prefilled version of Form 941 with all of the information we have available from them. It is the customer’s responsibility to review and file Form 941 with the IRS.

Then, on lines 13a to 13i, you’ll tally your total deposits and refundable advances. If your liability is higher than the deposits you’ve already made, the form will indicate a balance due on line 14. Let me know if you have further questions about the tax forms. Employers who https://www.bookstime.com/articles/accountant-for-self-employed claim the COBRA premium assistance credit must report the number of individuals who received COBRA premium assistance on Form 941, line 11f. The employer calculates the credit on Worksheet 5, reporting the nonrefundable portion on line 11e and any refundable on line 13f.

Medical Center’s Automatic Lunch Break Deductions Violated FLSA and Reminds Employers to Properly Account for All Hours Worked

Changes to the form are to allow employers to report the refundable and nonrefundable portions of employment tax credits for qualified paid-sick or paid-family leave wages paid starting April 1, 2021, that … After this, you can calculate your total employment tax liability for the quarter. You’ll complete lines 7 through 9 if your business has any adjustments to report for fractions of cents, sick pay, tips and group term life insurance. The adjustments for sick pay and life insurance come into play if, for instance, an insurance company reimbursed a portion of your employee’s wages while they were on short-term disability.