Use the Cross or Check marks in the top toolbar to select your answers in the list boxes. For more information, see the Instructions for Form 941-X, section 13 of Pub. Form 941, Employer's Quarterly Federal Tax Return, was revised to take into account the limited availability of Covid-19 employment tax credits.The instructions were updated with requirements for claiming the remaining credits in 2022. If youre a governmental employer, wages you pay aren't automatically exempt from social security and Medicare taxes. If youre a semiweekly schedule depositor, attach Schedule B (Form 941). For this purpose, sick pay includes payments made by an insurance company to your employees for which you received timely notice from the insurance company. Read the separate instructions before you complete Form 941. <>/Filter/FlateDecode/ID[<7370BD8BA26CE415E13E8EDB1B3CF7A2>]/Index[3631 137]/Info 3630 0 R/Length 136/Prev 353039/Root 3632 0 R/Size 3768/Type/XRef/W[1 3 1]>>stream Instructions for Form 941-X (PR), Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund (Puerto Rico Version) 0422. Allocated tips aren't reportable on Form 941 and aren't subject to withholding of federal income, social security, or Medicare taxes. Social security and Medicare taxes apply to election workers who are paid $2,200 or more in cash or an equivalent form of compensation in 2023. The EPSLA, as amended for purposes of the ARP, provides different limitations for different circumstances under which qualified sick leave wages are paid. Qualified family leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941, Part 3, Qualified family leave wages included on Form 941, Part 3, line 26, that were not included as wages reported on Form 941, Part 1, lines 5a and 5c, because the qualified family leave wages were excluded from the definition of employment under sections 3121(b)(1)(22), Qualified family leave wages included on Form 941, Part 3, line 26, that were not included as wages reported on Form 941, Part 1, line 5a, because the qualified family leave wages were limited by the social security wage base. 2022 Form 941: Employer's Quarterly Federal Tax Return 2021 Form 941 . 2021. However, qualified health plan expenses don't include amounts that the employee paid for with after-tax contributions. endobj Enter all wages, including qualified sick leave wages paid this quarter of 2023 and qualified family leave wages paid this quarter of 2023; tips; sick pay; and taxable fringe benefits that are subject to Medicare tax. A son or daughter must generally have been under 18 years of age or incapable of self-care because of a mental or physical disability. Step 2: Tell us about your business. Commas are optional. Proc. However, don't use EFW to make federal tax deposits. Amounts under certain collectively bargained agreements allocable to qualified sick leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941, Part 3, Employer share of social security tax on qualified sick leave wages. Deposit the tax within the time period required under your deposit schedule to avoid any possible deposit penalty. For more information about exempt wages, see section 15 of Pub. If you participated in a statutory merger or consolidation, or qualify for predecessor-successor status due to an acquisition, you should generally file Schedule D (Form 941), Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations. March 2022) Employer's QUARTERLY Federal Tax Return Department of the Treasury Internal Revenue Service . Also include sick pay paid by a third party that isn't your agent (for example, an insurance company) if you were given timely notice of the payments and the third party transferred liability for the employer's taxes to you. 2. Complete all information and sign Form 941. Include all tips your employee reported to you even if you were unable to withhold the employee tax of 6.2%. If you were required to make federal tax deposits, pay the amount shown on line 14 by EFT. Notice 797. Inst 941 (Schedule B) Instructions for Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors. If you made timely deposits in full payment of your taxes for the quarter, you may file by the 10th day of the 2nd month that follows the end of the quarter. You don't have to pay if line 14 is under $1. Generally, an EFT is made using the Electronic Federal Tax Payment System (EFTPS). In completing line 16 or Schedule B (Form 941), you take into account the entire quarter's nonrefundable portion of the credit for qualified sick and family leave wages against the liability for the first payroll payment of the quarter, but not below zero. Enter the number of employees on your payroll for the pay period including March 12, June 12, September 12, or December 12, for the quarter indicated at the top of Form 941. Complete line 11d only if qualified sick leave wages and/or qualified family leave wages were paid this quarter of 2023 for leave taken after March 31, 2021, and before October 1, 2021. Stop paying social security tax on and entering an employee's wages on line 5a(ii) when the employee's taxable wages, including wages reported on line 5a, qualified sick leave wages reported on line 5a(i), qualified family leave wages reported on line 5a(ii), and tips, reach $160,200 for the year. Don't resubmit requests you've already sent us. Additional Medicare Tax is only imposed on the employee. In certain cases, you must adjust the amounts you entered as social security and Medicare taxes in column 2 of lines 5a5d to figure your correct tax liability for this quarter's Form 941. Enter the amount before payroll deductions. Generally, the credit for qualified sick and family leave wages, as enacted under the Families First Coronavirus Response Act (FFCRA) and amended and extended by the COVID-related Tax Relief Act of 2020, for leave taken after March 31, 2020, and before April 1, 2021, and the credit for qualified sick and family leave wages under sections 3131, 3132, and 3133 of the Internal Revenue Code, as enacted under the American Rescue Plan Act of 2021 (the ARP) for leave taken after March 31, 2021, and before October 1, 2021, have expired. For EFTPS, go to EFTPS.gov or call 800-555-4477. The refundable portion of the credit is allowed after the employer share of Medicare tax is reduced to zero by nonrefundable credits that are applied against the employer share of Medicare tax. For more information, see Federal tax deposits must be made by electronic funds transfer (EFT) under Reminders, earlier. %%EOF To make sure businesses comply with federal tax laws, the IRS monitors tax filings and payments by using a numerical system to identify taxpayers. q kX}.Hwe`bdV8I0 G & %PDF-1.7 % On any device & OS. Our Agency . There is no employer share of Additional Medicare Tax. 15-A. Nonrefundable portion of credit for qualified sick and family leave wages for leave taken after March 31, 2021, and before October 1, 2021 (line 11d). see Instructions for Form 940 and Schedule A for Form 940. Form 941-X is filed separately from Form 941. See the instructions for line 11b for information about the credit for qualified sick and family leave wages for leave taken after March 31, 2020, and before April 1, 2021. Reporting adjustments from lines 79 on line 16. the "look-back" period is July 1, 2021, through June 30, 2022. Part 1: Answer these questions for this quarter. To avoid a penalty, you must pay any amount you owe in full with a timely filed return or you must deposit any amount you owe before the due date of the return. If, however, you've . Qualified sick leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941, Part 3, Qualified sick leave wages included on Form 941, Part 3, line 23, that were not included as wages reported on Form 941, Part 1, lines 5a and 5c, because the qualified sick leave wages were excluded from the definition of employment under sections 3121(b)(1)(22), Qualified sick leave wages included on Form 941, Part 3, line 23, that were not included as wages reported on Form 941, Part 1, line 5a, because the qualified sick leave wages were limited by the social security wage base. Don't include the qualified sick leave wages paid this quarter of 2023 that are reported on line 5a(i) or qualified family leave wages paid this quarter of 2023 that are reported on line 5a(ii) for leave taken after March 31, 2020, and before April 1, 2021. The total tax liability for the quarter must equal the amount reported on line 12. Forms 941-SS and 941-PR discontinued after 2023. This amount of the employer share of social security tax can also be reduced by the nonrefundable portion of the credit. For more information on reducing deposits, see Notice 2020-22, 2020-17 I.R.B. Below is a summary of the new fields on the form and how Accounting CS populates those fields. Multiply line 2e(ii) by 1.45% (0.0145). The penalty is 100% of the unpaid trust fund tax. Current Revision Form 941 PDF Instructions for Form 941 ( Print Version PDF) Recent Developments You may reduce your deposits by the amount of the nonrefundable and refundable portions of the credit for qualified sick and family leave wages, as discussed earlier under Reducing your deposits for the credit for qualified sick and family leave wages. See section 13 of Pub. 2013-39, 2013-52 I.R.B. Unlike social security wages, there is no limit on the amount of wages subject to Medicare tax. The IRS matches amounts reported on your four quarterly Forms 941 with Form W-2 amounts totaled on your yearly Form W-3, Transmittal of Wage and Tax Statements. 15. Leave the Trade name line blank if it is the same as your Name.. For leave taken after March 31, 2021, and before October 1, 2021, the limit resets and the total qualified family leave wages can't exceed $200 per day or $12,000 in the aggregate per employee. The refundable portion of the credit doesnt reduce the liability reported on line 16 or Schedule B (Form 941). Current quarter's adjustment for sick pay. 15 or go to IRS.gov/EmploymentTaxes. Form 941-X is an adjusted return or claim for refund and is filed separately from Form 941. Use Form 941-X to correct errors on a Form 941 that you previously filed. 1122, available at IRS.gov/irb/2021-18_IRB#NOT-2021-24. The following persons are authorized to sign the return for each type of business entity. You must complete all three pages of Form 941 and sign on page 3. For more information or to apply to become a CPEO, go to, CPEOs must generally file Form 941 and Schedule R (Form 941), Allocation Schedule for Aggregate Form 941 Filers, electronically. 5d. Who should file Form 941 2022? The employee was a 5% owner at any time during the year or the preceding year. Revised: 06/2022 Instructions for Form 941-SS - Introductory Material Future Developments You remain responsible if the third party fails to perform any required action. Enter the nonrefundable portion of the credit for qualified sick and family leave wages from Worksheet 1, Step 2, line 2j. If, by the 10th of the month after the month you received an employee's report on tips, you don't have enough employee funds available to withhold the employee share of social security and Medicare taxes, you no longer have to collect it. See Terminating a business in the General Instructions for Forms W-2 and W-3 for information about earlier dates for the expedited furnishing and filing of Forms W-2 when a final Form 941 is filed. . If you enter an amount on line 11a, you must attach Form 8974. Amounts under certain collectively bargained agreements allocable to qualified family leave wages for leave taken after March 31, 2021, and before October 1, 2021 (Form 941, Part 3, Employer share of social security tax on qualified family leave wages. 15) on this line. Enter the name, phone number, and five-digit personal identification number (PIN) of the specific person to speak withnot the name of the firm that prepared your tax return.