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. Line 14 - Calculate balance due, if any. Youre encouraged to file Form 941 electronically. You may pay the amount with Form 941 or you may deposit the amount. Use the March 2023 revision of Form 941 to report taxes for the first quarter of 2023; don't use an earlier revision to report taxes for 2023. 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. 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. If you received a Section 3121(q) Notice and Demand for tax due on unreported tips (Letter 3263 or Letter 4520) during the quarter, you report the amount for the employer share of social security tax and Medicare tax on Form 941, line 5f. If a valid EIN isn't provided, the return won't be accepted. See Amended Returns, on Page 1 of the instructions. Proc. Enter the nonrefundable portion of the credit for qualified sick and family leave wages from Worksheet 1, Step 2, line 2j. Certain agricultural employers may request permission to file one Form CT-941 for the entire calendar year. If you don't receive this notice, you must file Form 944 for calendar year 2023. The IRS expects the June 2022 revision of Form 941 and these instructions to be used for the second, third, and fourth quarters of 2022. 15. Part 1: Answer these questions for this quarter. Certification as a CPEO may affect the employment tax liabilities of both the CPEO and its customers. endobj 830, available at, Qualified tax-exempt organizations that hire eligible unemployed veterans may be able to claim the work opportunity tax credit against their payroll tax liability using Form 5884-C. For more information, go to, If you discover an error on a previously filed Form 941, or if you otherwise need to amend a previously filed Form 941, make the correction using Form 941-X. For a definition of responsible party, see the Instructions for Form SS-4. March 2022) Employer's QUARTERLY Federal Tax Return Department of the Treasury Internal Revenue Service . Section 3121(q) Notice and DemandTax Due on Unreported Tips. For more information, including an example, see frequently asked question 17 at IRS.gov/ETD. June 2022): fill, sign, print and send online instantly. Commas are optional. The amounts entered on lines 19 through 28 are amounts that you use on the worksheets at the end of these instructions to figure certain credits. 2017-14, 2017-3 I.R.B. For more information on paying your taxes using EFW, go to IRS.gov/EFW. The Inflation Reduction Act of 2022 (the IRA) increases the election amount to $500,000 for tax years beginning after December 31, 2022. The employer must include this amount on the appropriate line of the record of federal tax liability (Part 2 of Form 941 for a monthly schedule depositor or Schedule B (Form 941) for a semiweekly schedule depositor). 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. For more information or to apply to become a CPEO, go to IRS.gov/CPEO. Title. For more information about these procedures, see Rev. If your installment agreement is accepted, you will be charged a fee and you will be subject to penalties and interest on the amount of tax not paid by the due date of the return. 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). Generally, you should have a balance due only if your total taxes after adjustments and nonrefundable credits (line 12) for the current quarter or prior quarter are less than $2,500, and you didn't incur a $100,000 next-day deposit obligation during the current quarter. Generally, we won't ask about unfiled returns if at least one taxable return is filed each year. Under an installment agreement, you can pay what you owe in monthly installments. The amount from Form 8974, line 12, or, if applicable, line 17, is reported on line 11a. For more information and rules about federal tax deposits, see Depositing Your Taxes, earlier, and section 11 of Pub. You can get forms and publications faster online. Proc. 963, Federal-State Reference Guide. 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. 51, Agricultural Employers Tax Guide; Pub. Reduction Act of 2022 (the IRA) increases the election amount to $500,000 for tax years beginning after December 31, 2022. 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. If you have more than one and aren't sure which one to use, write to the IRS office where you file your returns (using the Without a payment address under Where Should You File, later) or call the IRS at 800-829-4933. To use the same-day wire payment method, you will need to make arrangements with your financial institution ahead of time. Detach Form 941-V and send it with your payment and Form 941 to the address in the Instructions for Form 941. You must include the full amount (both the nonrefundable and refundable portions) of the credit for qualified sick and family leave wages in your gross income for the tax year that includes the last day of any calendar quarter in which a credit is allowed. Enter your deposits for this quarter, including any overpayment from a prior quarter that you applied to this return. Employers of household employees don't usually file Form 941. 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. Proc. 15. Generally, don't complete this section if youre filing the return as a reporting agent and have a valid Form 8655 on file with the IRS. 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. An official website of the United States Government. Aggregate Forms 941 are also filed by CPEOs approved by the IRS under section 7705. Enter the qualified health plan expenses allocable to qualified sick leave wages paid this quarter of 2023 for leave taken after March 31, 2021, and before October 1, 2021. <>stream Use the Cross or Check marks in the top toolbar to select your answers in the list boxes. To request approval to act as an agent for an employer, the agent files Form 2678 with the IRS unless you're a state or local government agency acting as an agent under the special procedures provided in Rev. TaxBandits is a SOC 2 Certified, IRS authorized e . 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. Box 2 - Choosing Quarter In box 2, choose a quarter for which Form 941 is being filed. The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2022. If none of these exceptions apply and you haven't filed a final return, you must file Form 941 each quarter even if you didn't pay wages during the quarter. For more information, see the instructions for line 11b, line 11d, line 13c, and line 13e, later. Go to IRS.gov/EmploymentEfile for more information on electronic filing. 15 for use in 2024 (published December 2023). 5a5e. Use e-file and EFTPS to your benefit. Give us any information that is missing from your return. Instead, report them on Form 8027. How To Get Forms, Instructions, and Publications, Worksheet 1. 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, Worksheet 2. Credit for Qualified Sick and Family Leave Wages Paid This Quarter of 2023 for Leave Taken After March 31, 2021, and Before October 1, 2021, Adjusting tax liability for nonrefundable credits claimed on lines 11a, 11b, and 11d, National Center for Missing & Exploited Children (NCMEC), Federal tax deposits must be made by electronic funds transfer (EFT), Current quarter's adjustments for tips and group-term life insurance, Qualified health plan expenses allocable to qualified sick leave and family leave wages, Collectively bargained defined benefit pension plan contributions, Collectively bargained apprenticeship program contributions, Reducing your deposits for the credit for qualified sick and family leave wages, collectively bargained defined benefit pension plan contributions, collectively bargained apprenticeship program contributions, Treasury Inspector General for Tax Administration. Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. The sick pay should be included on line 5a, line 5c, and, if the withholding threshold is met, line 5d. 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. About IRS; Careers; Operations and Budget; Tax Statistics; Help; Once wages and tips exceed the $200,000 withholding threshold, include all tips your employees reported during the quarter, even if you were unable to withhold the employee tax of 0.9%. For more information about the payroll tax credit, see IRS.gov/ResearchPayrollTC. Enter the tax due from your Section 3121(q) Notice and Demand on line 5f. Facebook; Twitter; Linkedin; Print; Footer Navigation. The ARP resets this limit at 80 hours of paid sick leave for leave taken after March 31, 2021, and before October 1, 2021. If you reported $50,000 or less in taxes during the lookback period, youre a monthly schedule depositor unless the $100,000 Next-Day Deposit Rule discussed in section 11 of Pub. If a CPEO pays wages and other compensation to an individual performing services for you, and the services are covered by a CPEO contract, then the CPEO is generally treated for employment tax purposes as the employer, but only for wages and other compensation paid to the individual by the CPEO. 1244), or submit a written statement or electronic tip record. Instructions for Form 941-X (PR), Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund (Puerto Rico Version) 0422.
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