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Part 1: Answer these questions for this quarter. Number of employees who received wages, tips, or other compensation for the pay period including: Mar. 12 (Quarter 1), June 12 (Quarter 2), Sept. 12 (Quarter 3), or Dec. 12 (Quarter 4) 1. Wages, tips, and other compensation.
10 maj 2023 · Social security and Medicare taxes apply to the wages of household workers you pay $2,200 or more in cash wages in 2020. Social security and Medicare taxes apply to election workers who are paid $1,900 or more in cash or an equivalent form of compensation in 2020.
The Taxpayer Certainty and Disaster Tax Relief Act of 2020 modifies the calculation of the employee retention credit and extends the date through which the credit may be claimed to qualified wages paid through June 30, 2021.
Instructions for Form 941 (Rev. July 2020)
11 mar 2024 · Learn how to fill out Form 941 by following the steps below. Business and quarter information At the top portion of Form 941, fill in your EIN, business name, trade name (if applicable), and business address.
Read the separate instructions before you complete Form 941. Type or print within the boxes. Part 1: Answer these questions for this quarter. Number of employees who received wages, tips, or other compensation for the pay. period including: Sept. 12 (Quarter 3) or Dec. 12 (Quarter 4) . . . . . . . . . . 1. 2.
Employers use Form 941 to report their federal income tax withholding, Social Security, and Medicare taxes for employees. This form is filed quarterly, enabling the IRS to monitor if employers are depositing the correct amount of taxes throughout the year. How do you fill out Schedule B for Form 941 correctly?
