15 for information about payments made under the accuracy of deposits rule and for rules about federal tax deposits. box address. Form 941 Part 1, Lines 1 Through 15. See Worksheet 2 to figure your credit. An official website of the United States Government. If you don't have an EIN, you may apply for one online by going to IRS.gov/EIN. Legal holidays in the District of Columbia are provided in section 11 of Pub. 15 and the Instructions for Schedule D (Form 941). 15. For religious exemptions, see section 4 of Pub. Seasonal employers don't have to file a Form 941 for quarters in which they have no tax liability because they have paid no wages. If you paid qualified sick leave wages and/or qualified family leave wages this quarter of 2023 for leave taken after March 31, 2020, and before April 1, 2021, complete Step 1 and Step 2. 3631 0 obj Collectively bargained apprenticeship program contributions. See sections 11 and 12 of Pub. Check one of the boxes on line 16. endobj Qualified family leave wages reported on Form 941, Part 1, Qualified family leave wages included on Form 941, Part 1, line 5c, but not included on Form 941, Part 1, line 5a(ii), column 1, because the wages reported on that line were limited by the social security wage base, Total qualified family leave wages. See Box 1Wages, tips, other compensation in the General Instructions for Forms W-2 and W-3 for details. Qualified sick leave wages reported on Form 941, Part 1, Qualified sick leave wages included on Form 941, Part 1, line 5c, but not included on Form 941, Part 1, line 5a(i), column 1, because the wages reported on that line were limited by the social security wage base, Total qualified sick leave wages. Single-member LLC treated as a disregarded entity for federal income tax purposesThe owner of the LLC or a principal officer duly authorized to sign. 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. This amount is also entered on Worksheet 2, Step 2, line 2i. Also include here any excise taxes you were required to withhold on golden parachute payments (section 4999). B(9L[soj,{M`~/>3Dda4_noQ- However, see section 11 of Pub. <> 5e. Don't include tips on this line. If you pay by EFT, credit card, or debit card, file your return using the Without a payment address under Where Should You File, earlier, and don't file Form 941-V, Payment Voucher. 15-A for more information about sick pay reporting. Form IL-941 Information and Instructions. See the instructions for line 11b and line 11d, later, for more information on these credits. For more information, see Federal tax deposits must be made by electronic funds transfer (EFT) under Reminders, earlier. 1 Number of employees who received wages, tips, or other compensation for the pay period including: June 12 (Quarter 2), Sept. 12 (Quarter 3), or . You must make deposits according to your deposit schedule. Form 8974 is used to determine the amount of the credit that can be used in the current quarter. If a third-party payer of sick pay is also paying qualified sick leave wages on behalf of an employer, the third party would be making the payments as an agent of the employer. Allocated tips aren't reportable on Form 941 and aren't subject to withholding of federal income, social security, or Medicare taxes. The credit for qualified sick leave wages and qualified family leave wages is increased to cover the qualified health plan expenses that are properly allocable to the qualified leave wages for which the credit is allowed. Federal Income Tax Withheld From Wages, Tips, and Other Compensation. Qualified sick leave wages and qualified family leave wages paid this quarter of 2023 for leave taken after March 31, 2020, and before April 1, 2021, are reported on lines 5a(i) and 5a(ii), respectively. Enter the qualified taxable (subject to social security tax) family leave wages you paid this quarter of 2023 to your employees for leave taken after March 31, 2020, and before April 1, 2021. Don't enter dollar signs and decimal points. See the instructions for line 11d, earlier, for more information about qualified sick leave wages for leave taken after March 31, 2021, and before October 1, 2021. Form 941 and these instructions use the terms nonrefundable and refundable when discussing credits. Use Form 843 to request abatement of assessed penalties or interest. 2. See the Instructions for Schedule D (Form 941) to determine whether you should file Schedule D (Form 941) and when you should file it. Instructions for Form 941-SS, Employer's Quarterly Federal Tax Return - American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands . In completing line 16 or Schedule B (Form 941), you take into account the payroll tax credit against the liability for the employer share of social security tax starting with the first payroll payment of the quarter that includes payments of wages subject to social security tax to your employees until you use up to $250,000 of credit against the employer share of social security tax and you then take into account any remaining payroll tax credit against the liability for the employer share of Medicare tax starting with the first payroll payment of the quarter that includes payments of wages subject to Medicare tax to employees. 15, Employer's Tax Guide, beginning with the Pub. Call us for information about processing your return. Enter your deposits for this quarter, including any overpayment from a prior quarter that you applied to this return. If you weren't required to make federal tax deposits (see Must You Deposit Your Taxes , earlier) or you're a monthly schedule depositor making a payment under the accuracy of deposits rule, you may pay the amount shown on line 14 by EFT, credit card, debit card, check, money order, or EFW. Part 4:May We Speak With Your Third-Party Designee? To tell the IRS that a particular Form 941 is your final return, check the box on line 17 and enter the final date you paid wages in the space provided. You may also apply for an EIN by faxing or mailing Form SS-4 to the IRS. Note: You must also complete the entity information above Part 1 on Form 941. Youre a monthly schedule depositor for the calendar year if the amount of your Form 941 taxes reported for the lookback period is $50,000 or less. Otherwise, you can go to IRS.gov/OrderForms to place an order and have them mailed to you. To get more information about EFTPS or to enroll in EFTPS, go to EFTPS.gov or call 800-555-4477. Collectively bargained defined benefit pension plan contributions. The payroll tax credit may not be taken as a credit against income tax withholding, the employee share of social security tax, or the employee share of Medicare tax. The EPSLA, as amended for purposes of the ARP, provides different limitations for different circumstances under which qualified sick leave wages are paid. 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. Include all tips your employees reported during the quarter, even if you were unable to withhold the employee tax of 1.45%. The 1099 and W-2 experts! To use the same-day wire payment method, you will need to make arrangements with your financial institution ahead of time. 179, Gua Contributiva Federal para Patronos Puertorriqueos, will no longer be available after 2023. The rate of social security tax on taxable wages, including qualified sick leave wages and qualified family leave wages paid in 2023 for leave taken after March 31, 2021, and before October 1, 2021, is 6.2% each for the employer and employee or 12.4% for both. For example, enter -10.59 instead of (10.59). However, if your software only allows for parentheses in entering negative amounts, you may use them. Aggregate Forms 941 are also filed by CPEOs approved by the IRS under section 7705. Any remaining credit, after reducing the employer share of social security tax and the employer share of Medicare tax, is then carried forward to the next quarter. 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 Additional Medicare Tax withholding. If your net adjustment during a month is negative and it exceeds your total tax liability for the month, don't enter a negative amount for the month. 941-V The authorization will automatically expire 1 year from the due date (without regard to extensions) for filing your Form 941. Under the EPSLA, as amended for purposes of the ARP, wages are qualified sick leave wages if paid to employees that are unable to work or telework before October 1, 2021, because the employee: Is subject to a federal, state, or local quarantine or isolation order related to COVID-19; Has been advised by a health care provider to self-quarantine due to concerns related to COVID-19; Is experiencing symptoms of COVID-19 and seeking a medical diagnosis; or, for leave taken after March 31, 2021, and before October 1, 2021, is seeking or awaiting the results of a diagnostic test for, or a medical diagnosis of, COVID-19 (and the employee has been exposed to COVID-19 or the employee's employer has requested such test or diagnosis), or the employee is obtaining immunizations related to COVID-19 or recovering from an injury, disability, illness, or condition related to such immunization; Is caring for an individual subject to an order described in (1) or who has been advised as described in (2); Is caring for a son or daughter because the school or place of care for that child has been closed, or the childcare provider for that child is unavailable, due to COVID-19 precautions; or. Enter the collectively bargained defined benefit pension plan contributions and collectively bargained apprenticeship program contributions allocable to qualified family leave wages paid this quarter of 2023 for leave taken after March 31, 2021, and before October 1, 2021. If you use a paid preparer to complete Form 941, the paid preparer must complete and sign the paid preparer's section of the form. Enter the result on line 6. To contact EFTPS using TRS for people who are deaf, hard of hearing, or have a speech disability, dial 711 and then provide the TRS assistant the 800-555-4477 number above or 800-733-4829. Enter the qualified sick leave wages you paid this quarter of 2023 to your employees for leave taken after March 31, 2021, and before October 1, 2021, including any qualified sick leave wages that were above the social security wage base and any qualified sick leave wages excluded from the definition of employment under sections 3121(b)(1)(22). Complete lines 26, 27, and 28 only if qualified family leave wages were paid this quarter of 2023 for leave taken after March 31, 2021, and before October 1, 2021. If a deposit is required to be made on a day that isn't a business day, the deposit is considered timely if it is made by the close of the next business day. 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. Letter 3263 or Letter 4520 includes an attachment that shows the employer share of Medicare tax. For more information, see, If you would mail your return filed without a payment to Ogden, as shown under, Your business should have only one EIN. If you pay by check or money order, make it payable to United States Treasury. Enter your EIN, Form 941, and the tax period (1st Quarter 2023, 2nd Quarter 2023, 3rd Quarter 2023, or 4th Quarter 2023) on your check or money order. 3659 0 obj For more information on paying your taxes with a credit or debit card, go to IRS.gov/PayByCard. The amounts entered on line 16 are a summary of your monthly tax liability, not a summary of deposits you made. However, continue to withhold income and Medicare taxes for the whole year on all wages, including qualified sick leave wages paid in 2023, qualified family leave wages paid in 2023, and tips, even when the social security wage base of $160,200 has been reached. Your Form IL-941 is due quarterly. Inst 941 (Schedule B) Instructions for Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors. If you're a third-party payer of sick pay that isn't an agent (for example, an insurance company) and you're claiming the credit for qualified sick and family leave wages for amounts paid to your own employees, the amount of the employer share of social security tax reported on line 5a must be reduced by any adjustment you make on line 8 for the employer share of social security tax transferred to your client.
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