Instructions For Form 941-Ss - Employer'S Quarterly Federal Tax Returnamerican Samoa, Guam, The Commonwealth Of The Northern Mariana Islands, And The U.s. Virgin Islands - 2011 Page 2
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8Instructions for
Department of the Treasury
Internal Revenue Service
Form 941-SS
(Rev. January 2011)
Employer’s QUARTERLY Federal Tax Return—American Samoa, Guam, the
Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands
Reminders
Section references are to the Internal Revenue Code unless
otherwise noted.
Employers can choose to file Forms 941-SS instead of
What’s New
Form 944-SS. Employers that would otherwise be required
to file Form 944-SS, Employer’s ANNUAL Federal Tax
Return — American Samoa, Guam, the Commonwealth of
Social security and Medicare tax for 2011. The
the Northern Mariana Islands, and the U.S. Virgin Islands,
employee tax rate for social security is 4.2%. The employer
can notify the IRS if they want to file quarterly Forms 941-SS
tax rate for social security remains unchanged at 6.2%. The
instead of annual Form 944-SS. See Rev. Proc. 2009-51,
Medicare tax rate is 1.45% each for employers and
2009-45 I.R.B. 625, available at
employees.
Do not withhold or pay social security tax after an
Correcting a previously filed Form 941-SS. If you
employee reaches $106,800 in social security wages for the
discover an error on a previously filed Form 941-SS, make
year. There is no limit on the amount of wages subject to
the correction using Form 941-X, Adjusted Employer’s
Medicare tax.
QUARTERLY Federal Tax Return or Claim for Refund.
Section 3121(q) Notice and Demand — Tax due on
Form 941-X is filed separately from Form 941-SS. For more
unreported tips. A new line has been added to Form
information, see section 9 of Pub. 80 (Circular SS), Federal
941-SS for reporting social security and Medicare taxes on
Tax Guide for Employers in the U.S. Virgin Islands, Guam,
unreported tips. An employer now reports the amount of the
American Samoa, and the Commonwealth of the Northern
taxes shown on the Section 3121(q) Notice and Demand on
Mariana Islands, or visit IRS.gov and enter the keywords
line 5e of the employer’s Form 941-SS for the calendar
Correcting Employment Taxes.
quarter in which notice and demand is made. Previously, a
Paid preparers must sign Form 941-SS. Paid preparers
section 3121(q) liability was reported on the line for ‘‘Current
must complete and sign the paid preparer’s section
quarter’s adjustments for tips and group-term life
of Form 941-SS.
insurance.’’
Qualified employer’s social security tax exemption
Aggregate Form 941 filers. Agents must complete
expired. The qualified employer’s exemption for their share
Schedule R (Form 941), Allocation Schedule for Aggregate
(6.2%) of social security tax on wages/tips paid to qualified
Form 941 Filers, when filing an aggregate Form 941.
employees expired on December 31, 2010.
Aggregate Forms 941 are filed by agents approved by the
IRS under section 3504. To request approval to act as an
COBRA premium assistance credit. The credit for
agent for an employer, the agent files Form 2678, Employer/
COBRA premium assistance payments applies to premiums
Payer Appointment of Agent, with the IRS.
paid for employees involuntarily terminated between
September 1, 2008, and May 31, 2010, and to premiums
Electronic filing and payment. Now, more than ever
paid for up to 15 months. See COBRA Premium Assistance
before, businesses can enjoy the benefits of filing and
Payments on page 6.
paying their federal taxes electronically. Whether you rely on
a tax professional or handle your own taxes, the IRS offers
Federal tax deposits must be made by electronic funds
you convenient programs to make filing and paying easier.
transfer. Beginning January 1, 2011, you must use
Spend less time and worry on taxes and more time running
electronic funds transfer to make all federal tax deposits
your business. Use e-file and EFTPS to your benefit.
(such as deposits of employment tax, excise tax, and
•
For e-file, visit the IRS website at
for
corporate income tax). Forms 8109 and 8109-B, Federal
additional information.
Tax Deposit Coupon, cannot be used after December 31,
•
For EFTPS, visit
or call EFTPS Customer
2010. Generally, electronic funds transfers are made using
Service at 1-800-555-4477 (U.S. Virgin Islands only),
the Electronic Federal Tax Payment System (EFTPS). If you
303-967-5916 (toll call), or 1-800-733-4829 (TDD).
do not want to use EFTPS, you can arrange for your tax
professional, financial institution, payroll service, or other
For an EFTPS deposit to be on time, you must
trusted third party to make deposits on your behalf. Also,
!
initiate the deposit by 8 p.m. Eastern time the day
you may arrange for your financial institution to initiate a
before the date the deposit is due. See section 8 of
same-day wire payment on your behalf. EFTPS is a free
CAUTION
Pub. 80 (Circular SS) for details.
service provided by the Department of Treasury. Services
provided by your tax professional, financial institution,
Same-day wire payment option. If you fail to initiate a
payroll service, or other third party may have a fee.
deposit transaction on EFTPS by 8 p.m. Eastern time the
For more information on making federal tax deposits, see
day before the date a deposit is due, you can still make your
section 8 of Pub. 80 (Circular SS), Federal Tax Guide for
deposit on time by using the Federal Tax Application (FTA).
Employers in the U.S. Virgin Islands, Guam, American
If you ever need the same-day wire payment method, you
Samoa, and the Commonwealth of the Northern Mariana
will need to make arrangements with your financial
Islands (for use in 2011). To get more information about
institution ahead of time. Please check with your financial
EFTPS or to enroll in EFTPS, visit
or call
institution regarding availability, deadlines, and costs. Your
1-800-555- 4477. Additional information about EFTPS is
financial institution may charge you a fee for payments
available in Pub. 966, The Secure Way to Pay Your Federal
made this way. To learn more about the information you will
Taxes.
need to provide to your financial institution to make a
Cat. No. 35530F
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