Form 941-Ss Instructions - Employer'S Quarterly Federal Tax Return (American Samoa, Guam, The Commonwealth Of The Northern Mariana Islands, And The U.s. Virgin Islands) - 2008 Page 5
ADVERTISEMENT
1
2
3
4
5
6
7in column 2 of lines 5a – 5c may differ slightly from amounts
line 5a (column 1)
x
.124
actually withheld from employees’ paychecks due to the
line 5a (column 2)
rounding of social security and Medicare taxes based on
statutory rates.
5b. Taxable social security tips. Enter all tips your
7b. Current quarter’s sick pay. Enter the adjustment
employees reported to you during the quarter until the total
for the employee share of social security and Medicare
of the tips and wages for an employee reach $102,000 in
taxes that were withheld by your third-party sick pay payer.
2008. Do this even if you were unable to withhold the
employee tax of 6.2%.
7c. Current quarter’s adjustments for tips and
group-term life insurance. Enter adjustments for:
An employee must report cash tips to you, including tips
•
any uncollected employee share of social security and
you paid the employee for charge customers, totaling $20 or
Medicare taxes on tips and
more in a month by the 10th of the next month. Employees
•
the uncollected employee share of social security and
may use Form 4070, Employee’s Report of Tips to
Medicare taxes on group-term life insurance premiums paid
Employer, or submit a written statement or electronic tip
for former employees.
record.
Prior period adjustments. Use lines 7e and 7g to adjust
Do not include allocated tips on this line. Instead, report
amounts reported on previous returns. If you need to
them on Form 8027, Employer’s Annual Information Return
report both an increase and a decrease for the same line,
of Tip Income and Allocated Tips. Allocated tips are not
show only the difference.
reportable on Form 941-SS and are not subject to social
security or Medicare taxes.
Adjustments you report here change your tax liability and
your tax deposits. You will have to take these adjustments
line 5b (column 1)
into account on line 15 as Tax liability: Month 1; Month 2;
x
.124
Month 3 or on Schedule B (Form 941). You must explain
line 5b (column 2)
any prior period adjustments that you make on Form
941c or in an equivalent statement.
5c. Taxable Medicare wages and tips. Report all
wages, tips, sick pay, and taxable fringe benefits that are
Form 941c is not an amended return but is a statement
subject to Medicare tax. Unlike social security wages, there
providing the necessary information and certifications for
is no limit on the amount of wages subject to Medicare tax.
adjustments shown on lines 7e and 7g. Do not file Form
Include all tips your employees reported during the
941c separately from Form 941-SS. See also section 9 of
quarter, even if you were unable to withhold the employee
Pub. 80 (Circular SS).
tax of 1.45%.
For errors discovered after 2008, make corrections
!
to a previously filed Form 941-SS on Form 941-X.
line 5c (column 1)
x
.029
Lines 7e and 7g will be deleted from the 2009 Form
CAUTION
line 5c (column 2)
941-SS.
7e. Prior quarters’ social security and Medicare
For more information, see sections 4, 5, and 7 of Pub. 80
taxes. Enter adjustments for prior quarters’ social security
(Circular SS).
and Medicare taxes. For example, if you made a mistake
5d. Total social security and Medicare taxes. Add
when reporting social security and Medicare taxes on
social security tax, social security tips tax, and Medicare tax.
previously filed Forms 941-SS, adjust it here. If you need to
report both an underpayment and an overpayment, show
line 5a(column 2)
only the net difference.
line 5b(column 2)
+ line 5c(column 2)
If you are adjusting an employee’s social security
line 5d
TIP
wages, social security tips, or Medicare wages and
tips for a prior year, you must also file Form W-2c,
7. TAX ADJUSTMENTS
Corrected Wage and Tax Statement, and Form W-3c,
Transmittal of Corrected Wage and Tax Statements.
Enter tax amounts on lines 7a, b, c, e, and 7g that result
from current or prior period adjustments. Use a minus sign
7g. Special additions to social security and
(if possible) to show an adjustment that decreases the total
Medicare. This line is reserved for employers with special
taxes shown on line 5d, instead of parentheses. Doing so
circumstances. Use this line only if the IRS has sent you a
enhances the accuracy of our scanning software. For
notice instructing you to do so. You must attach Form 941c
example, report ‘‘-10.59’’ instead of ‘‘(10.59).’’ However, if
explaining the tax increase.
your software only allows for parentheses in reporting
7h. Total adjustments. Combine all adjustments
negative amounts, you may use them. Do not enter an
shown on lines 7a, b, c, e, and 7g and enter the result here.
amount on line 7g unless the IRS has sent you a notice
instructing you to do so.
8.
Total taxes after adjustments
Current period adjustments. In certain cases, you must
Combine the amounts shown on lines 5d and 7h and enter
adjust the amounts you reported as social security and
the result here.
Medicare taxes in column 2 of lines 5a, 5b, and 5c to figure
•
If line 8 is less than $2,500, you may pay the amount
your correct tax liability for this quarter’s Form 941-SS. See
with Form 941-SS or you may deposit the amount. To avoid
section 8 of Pub. 80 (Circular SS). Do not attach Form 941c
a penalty, you must pay the amount in full with a timely filed
or an equivalent statement for current period adjustments.
return or you must deposit the amount timely. See section 8
If you need to adjust any amount previously reported on
of Pub. 80 (Circular SS) for information and rules about
lines 7a – 7c, use line 7e to report the adjustment and attach
federal tax deposits.
•
Form 941c or an equivalent statement with an explanation.
If line 8 is $2,500 or more, you must deposit the amount
7a. Current quarter’s fractions of cents. Enter
by using the Electronic Federal Tax Payment System
adjustments for fractions of cents (due to rounding) relating
(EFTPS) or at an authorized financial institution with Form
to the employee share of social security and Medicare taxes
8109. The amount shown on line 8 must equal the “Total
withheld. The employee share (one-half) of amounts shown
liability for quarter” shown on Form 941-SS, line 15 or the
-5-
ADVERTISEMENT
0 votes
Related Articles
Related forms
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 - 2017
Financial
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 - 2012
Financial
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 - 2006
Financial
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 - 2009
Financial
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 - 2010
Financial
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 - 2010
Financial
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 - 2010
Financial
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
Financial
Related Categories
Parent category: Financial