"=k?#Ut(~Z"NKOJ_U7o/T09FNO~6$fqn4I07vF0`[Bo 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. Include all tips your employee reported to you even if you were unable to withhold the employee tax of 6.2%. Any credit for qualified sick and family leave wages paid this quarter of 2023 for leave taken after March 31, 2020, and before April 1, 2021, that is remaining at the end of the quarter because it exceeds the employer share of social security tax for the quarter is claimed on line 13c as a refundable credit. Enter the total number of Forms W-2 reporting Illinois withholding you issued for the entire year. Do not use this form to amend a previously filed Form CT941HHE. 15 for information about payments made under the accuracy of deposits rule and for rules about federal tax deposits. 830, available at IRS.gov/irb/2013-52_IRB#RP-2013-39. Proc. Is experiencing any other substantially similar condition specified by the U.S. Department of Health and Human Services, which for leave taken after March 31, 2021, and before October 1, 2021, includes to accompany an individual to obtain immunization related to COVID-19, or to care for an individual who is recovering from any injury, disability, illness, or condition related to the immunization. Instead, information specific to agricultural employers and employers in the U.S. territories will be included in Pub. For purposes of the credit for qualified sick and family leave wages, qualified sick leave and family leave wages are wages for social security and Medicare tax purposes, determined without regard to the exclusions from the definition of employment under sections 3121(b)(1)(22), that an employer pays that otherwise meet the requirements of the Emergency Paid Sick Leave Act (EPSLA) or the Emergency Family and Medical Leave Expansion Act (Expanded FMLA), as enacted under the FFCRA and amended for purposes of the ARP. Nonrefundable Portion of Credit for Qualified Sick and Family Leave Wages for Leave Taken After March 31, 2021, and Before October 1, 2021. If youre a third-party payer of sick pay and not an agent of the employer, don't include sick pay that you paid to policyholders' employees here if you gave the policyholders timely notice of the payments. Always show an amount for cents, even if it is zero. hZmSFOo,e1s\9=|I (3t$i#Hc8D Corporate officers or duly authorized agents may sign Form 941 by rubber stamp, mechanical device, or computer software program. 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. 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. Detach Form 941-V and send it with your payment and Form 941 to the address in the Instructions for Form 941. If these unpaid taxes can't be immediately collected from the employer or business, the trust fund recovery penalty may be imposed on all persons who are determined by the IRS to be responsible for collecting, accounting for, or paying over these taxes, and who acted willfully in not doing so. You don't have to make a deposit. The third quarter of 2023 is the first quarter that begins after Rose Co. filed the income tax return making the payroll tax credit election. Form 941-X is filed separately from Form 941. 1 Number of employees who received wages, tips, or other . For leave taken after March 31, 2021, and before October 1, 2021, the credit for qualified sick and family leave wages is reduced by the amount of the credit allowed under section 41 (for the credit for increasing research activities) with respect to wages taken into account for determining the credit for qualified sick and family leave wages; and any wages taken into account in determining the credit for qualified sick and family leave wages can't be taken into account as wages for purposes of the credits under sections 45A, 45P, 45S, and 51. For more information about a CPEOs requirement to file electronically, see Rev. Taxable wages & tips subject to Additional Medicare Tax withholding. If a valid EIN isn't provided, the return or payment won't be processed. Also see Adjusting tax liability for nonrefundable credits claimed on lines 11a, 11b, and 11d , later. Whether you rely on a tax professional or handle your own taxes, the IRS offers you convenient programs to make filing and paying easier. All wages that are subject to Medicare tax are subject to Additional Medicare Tax withholding if paid in excess of the $200,000 withholding threshold. 3659 0 obj Reducing your deposits for the credit for qualified sick and family leave wages. Monthly For more information on reducing deposits, see Notice 2020-22, 2020-17 I.R.B. Home; About Us; Opportunities. If line 12 is more than line 13g, enter the difference on line 14. You must also withhold Additional Medicare Tax from wages you pay to an employee in excess of $200,000 in a calendar year. Beginning in 2024, there will be a new Pub. hb```b`` @16N-N@I? ,3v!~n *Y-M~)hm[3~8b"X#)"dp$wdH_`x-}C ;x)O&2.5y_v`s G8webH'K Sole proprietorshipThe individual who owns the business. Who should file Form 941 2022? These qualified health plan expenses are amounts paid or incurred by the employer to provide and maintain a group health plan but only to the extent such amounts are excluded from the employees income as coverage under an accident or health plan. If youre a semiweekly schedule depositor, you must complete Schedule B (Form 941). Qualified sick leave wages and qualified family leave wages paid in 2023 for leave taken after March 31, 2020, and before April 1, 2021, aren't subject to the employer share of social security tax; therefore, the tax rate on these wages is 6.2%. 15 for details. Form 941 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form941. However, employers that pay qualified sick and family leave wages in 2023 for leave taken after March 31, 2020, and before October 1, 2021, are eligible to claim a credit for qualified sick and family leave wages in the quarter of 2023 in which the qualified wages were paid. 2021. If youre a third-party payer of sick pay, enter the federal income tax you withheld (or were required to withhold) on third-party sick pay here. 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. If you use a tax preparer to fill out Form 941, make sure the preparer shows your business name exactly as it appeared when you applied for your EIN. You must complete Schedule B (Form 941) and submit it with your Form 941. Also, don't use Form 941 to report unemployment taxes. If you receive a notice about a penalty after you file this return, reply to the notice with an explanation and we will determine if you meet reasonable-cause criteria. For more information on paying your taxes with a credit or debit card, go to, You may be eligible to apply for an installment agreement online if you can't pay the full amount of tax you owe when you file your return. Connecticut, Delaware, District of Columbia, Georgia, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Michigan, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Vermont, Virginia, West Virginia, Wisconsin, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Iowa, Kansas, Louisiana, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Texas, Utah, Washington, Wyoming, No legal residence or principal place of business in any state. Enter the qualified health plan expenses allocable to qualified family leave wages paid this quarter of 2023 for leave taken after March 31, 2021, and before October 1, 2021. 15. 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. This may result in penalties. Use Form 843 to request abatement of assessed penalties or interest. There is no wage base limit for Medicare tax. File Form W-3 and Copy A of Forms W-2 with the SSA on time and accurately. Under an installment agreement, you can pay what you owe in monthly installments. Enter your deposits for this quarter, including any overpayment from a prior quarter that you applied to this return. Payroll tax credit for certain tax-exempt organizations affected by qualified disasters. See section 6 of Pub. The refundable portion of the credit doesnt reduce the liability reported on line 16 or Schedule B (Form 941). 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. Leave the Trade name line blank if it is the same as your Name.. General Instructions: Understanding Form 941-X What Is the Purpose of Form 941-X? For e-file, go to IRS.gov/EmploymentEfile for additional information. Department of Revenue Services 2022 State of Connecticut (Rev. 963, Federal-State Reference Guide. Report these types of withholding on Form 945, Annual Return of Withheld Federal Income Tax. The Stephen Beck, Jr., ABLE Act of 2014 required the IRS to establish a voluntary certification program for PEOs. Qualified Small Business Payroll Tax Credit for Increasing Research Activities, 11b. File your initial Form 941 for the quarter in which you first paid wages that are subject to social security and Medicare taxes or subject to federal income tax withholding. Paid preparers must sign paper returns with a manual signature. Generally, an EFT is made using the Electronic Federal Tax Payment System (EFTPS). The amount of collectively bargained apprenticeship program contributions allocated to qualified sick leave wages and/or qualified family leave wages in a quarter is the apprenticeship program contribution rate (expressed as an hourly rate) multiplied by the number of hours qualified sick leave wages and/or qualified family leave wages were provided to employees covered under the collective bargaining agreement during the quarter. The rate of Medicare tax is 1.45% (0.0145) each for the employer and employee or 2.9% (0.029) for both. Employers with fewer than 500 employees and, for leave taken after March 31, 2021, and before October 1, 2021, certain governmental employers without regard to number of employees (except for the federal government and its agencies and instrumentalities unless described in section 501(c)(1)) are entitled to a credit if they provide paid sick leave to employees that otherwise meets the requirements of the EPSLA. The COVID-19 related credit for qualified sick and family leave wages is limited to leave taken after March 31, 2020, and before October 1, 2021. If you don't follow these guidelines, we will generally consider Form 941 filed when it is actually received. 12/13/2022 12:17:37 PM . Businesses needing an EIN must apply for a number and use it throughout the life of the business on all tax returns, payments, and reports. Write to the IRS office where you file your returns (using the Without a payment address under Where Should You File, later) to notify the IRS of any business name change. Enter the qualified health plan expenses allocable to qualified sick leave wages paid this quarter of 2023 for leave taken after March 31, 2020, and before April 1, 2021. 2012-18. If you enter an amount on line 11a, you must attach Form 8974. 4. CPEOs file Form 8973, Certified Professional Employer Organization/Customer Reporting Agreement, to notify the IRS that they started or ended a service contract with a customer. Report the entire amount of these tips on line 5b (Taxable social security tips), line 5c (Taxable Medicare wages and tips), and, if the withholding threshold is met, line 5d (Taxable wages and tips subject to Additional Medicare Tax withholding). Photographs of missing children selected by the Center may appear in instructions on pages that would otherwise be blank. If line 12 is $2,500 or more and line 12 on the prior quarterly return was $2,500 or more, or if you incurred a $100,000 next-day deposit obligation during the current quarter. Enter the total on line 13g. . If an employer uses an agent to pay sick pay, the employer reports the wages on line 5a, line 5c, and, if the withholding threshold is met, line 5d, unless the employer has an agency agreement with the third-party payer that requires the third-party payer to do the collecting, reporting, and/or paying or depositing employment taxes on the sick pay. If your third-party payer of sick pay that isn't your agent (for example, an insurance company) transfers the liability for the employer share of the social security and Medicare taxes to you, enter a negative adjustment on line 8 for the employee share of social security and Medicare taxes that were withheld and deposited by your third-party sick pay payer on the sick pay. Just follow the below instructions to complete and File your form 941 to the IRS. If, however, you've . The nonrefundable portion of the credit for qualified sick and family leave wages for the quarter is $10,000. 15 applies. See the instructions for line 11d, earlier, for more information about qualified family leave wages for leave taken after March 31, 2021, and before October 1, 2021. 625, available at IRS.gov/irb/2009-45_IRB#RP-2009-51. Employers wont be subject to an FTD penalty for reducing their deposits if certain conditions are met. "-HvPNbL$a4'2**\hD;Aaa ,F|e548Z$5a\"M However, employers that pay qualified sick and family leave wages in 2023 for leave taken after March 31, 2020, and before October 1, 2021, are eligible to claim a credit for qualified sick and family leave wages in the quarter of 2023 in which the qualified wages were paid. If you file Form 941 electronically, you can e-file and use EFW to pay the balance due in a single step using tax preparation software or through a tax professional. You will reduce your total taxes by the amount of any uncollected employee share of social security and Medicare taxes on tips later on line 9; see, For more information on tips, see section 6 of Pub. Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. Employers use Form 941 to report federal income tax withheld, social security tax, and Medicare tax (FICA taxes) from each employee's salary. Enter negative amounts using a minus sign (if possible). You also authorize your designee to do all of the following. 15, Pub. Use the Cross or Check marks in the top toolbar to select your answers in the list boxes. Instructions for Form 941-X (PR), Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund (Puerto Rico Version) 0422. Quarterly Return of Maine Income Tax Withholding Instructions 2022 Maine Form 941ME Payroll processors who have authority to access, control, direct, transfer or disburse a client's funds must also provide evidence of a surety bond in an amount equal to the total of all local, state and federal tax payments and unemployment contributions remitted You must receive written notice from the IRS to file Form 944 instead of Forms 941 before you may file this form. Work opportunity tax credit for qualified tax-exempt organizations hiring qualified veterans. This amount is also entered on Worksheet 2, Step 2, line 2g. see Instructions for Form 940 and Schedule A for Form 940. Taxable Social Security and Medicare Wages and Tips, 5f. 12/15/2022 Inst 940 (pr) Instructions for Form 940 (PR), Employer's Annual Federal Unemployment (FUTA) Tax Return (Puerto Rico Version) 2022 12/15/2022 Form 940 (pr) (Schedule A) . File your fully completed Form 941 on time. See the instructions for, For purposes of the credit for qualified sick and family leave wages, qualified sick leave and family leave wages are wages for social security and Medicare tax purposes, determined without regard to the exclusions from the definition of employment under sections 3121(b)(1)(22), that an employer pays that otherwise meet the requirements of the Emergency Paid Sick Leave Act (EPSLA) or the Emergency Family and Medical Leave Expansion Act (Expanded FMLA), as enacted under the FFCRA and amended for purposes of the ARP. Deposit or pay your taxes when they are due, unless you meet the requirements discussed in Notice 2020-22 and Notice 2021-24. 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. For more information about PDSs, see Where Should You File , later. For leave taken after March 31, 2020, and before April 1, 2021, wages are qualified family leave wages if paid to an employee who has been employed for at least 30 calendar days when an employee is unable to work or telework due to the need to care for a son or daughter under 18 years of age or incapable of self-care because of a mental or physical disability because the school or place of care for that child has been closed, or the childcare provider for that child is unavailable, due to a public health emergency. Form 8974 is used to determine the amount of the credit that can be used in the current quarter. 15-A. 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. Enter the qualified health plan expenses allocable to qualified family leave wages paid this quarter of 2023 for leave taken after March 31, 2020, and before April 1, 2021. You must use EFT to make all federal tax deposits. To make sure businesses comply with federal tax laws, the IRS monitors tax filings and payments by using a numerical system to identify taxpayers. For example, if youre a sole proprietor, enter Haleigh Smith on the Name line and Haleigh's Cycles on the Trade name line. The employer is required to do the reporting and payment of employment taxes with respect to the qualified sick leave wages and claim the credit for the qualified sick leave wages, unless the employer has an agency agreement with the third-party payer that requires the third-party payer to do the collecting, reporting, and/or paying or depositing employment taxes on the qualified sick leave wages. 2017-14, 2017-3 I.R.B. 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. 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. The term nonrefundable means the portion of the credit which is limited by law to the amount of certain taxes. The amount of collectively bargained defined benefit pension plan contributions allocated to qualified sick leave wages and/or qualified family leave wages in a quarter is the pension contribution rate (expressed as an hourly rate) multiplied by the number of hours qualified sick leave wages and/or qualified family leave wages were provided to employees covered under the collective bargaining agreement during the quarter. For more information about a 15 for more information. Enter your name, EIN, Form 941, and the tax year and quarter on all attachments. Social security and Medicare taxes apply to the wages of household workers you pay $2,600 or more in cash wages in 2023. 15. You must deposit all depository taxes electronically by EFT. Employers can receive both a Small Business Interruption Loan under the Paycheck Protection Program (PPP) and the credit for qualified sick and family leave wages; however, employers can't receive both loan forgiveness and a credit for the same wages. This adjustment may be a positive or a negative adjustment. For more information about the payroll tax credit, see IRS.gov/ResearchPayrollTC. Generally, we won't ask about unfiled returns if at least one taxable return is filed each year. * . To become and remain certified under the certification program, certified professional employer organizations (CPEOs) must meet various requirements described in sections 3511 and 7705 and related published guidance. 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. If line 12 is $2,500 or more on both your prior and current quarter Form 941, and youve deposited all taxes when due, the balance due on line 14 should be zero. <> 8. Enter adjustments for fractions of cents (due to rounding) relating to the employee share of social security and Medicare taxes withheld. 80, Federal Tax Guide for Employers in the U.S. Virgin Islands, Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands; and Pub. Line 1 - Enter the total number of employees who received wages, tips, or other compensation (like bonuses or commission) in the quarterly pay period. June 2022): fill, sign, print and send online instantly. Letter 3263 or Letter 4520 includes an attachment that shows the employer share of social security tax. 3634 0 obj Make entries on Form 941 as follows to enable accurate scanning and processing. You must use the U.S. The new owner's name (or the new name of the business); Whether the business is now a sole proprietorship, partnership, or corporation; The kind of change that occurred (a sale or transfer); The name of the person keeping the payroll records and the address where those records will be kept.
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