Looking for a Form 941 Schedule B Templates? Download it for free!

incomplete, or missing Schedule B. If you’re filing an amended

Paperwork Reduction Act Notice. We ask for the information

Schedule B, don’t include the tax increase reported on Form

on Schedule B to carry out the Internal Revenue laws of the

941-X.

United States. You’re required to give us the information. We

Tax increase — Form 941X filed late. If you owe tax and are

need it to ensure that you’re complying with these laws and to

filing a late Form 941-X, that is, after the due date of the return

allow us to figure and collect the right amount of tax.

for the return period in which you discovered the error, you must

You’re not required to provide the information requested on a

file an amended Schedule B with Form 941-X. Otherwise, the

form that is subject to the Paperwork Reduction Act unless the

IRS may assess an “averaged” FTD penalty.

form displays a valid OMB control number. Books or records

The total tax reported on the “Total liability for the quarter” line of

relating to a form or its instructions must be retained as long as

the amended Schedule B must match the corrected tax (Form

their contents may become material in the administration of any

941, line 12 (line 10 for quarters ending before January 1, 2017),

Internal Revenue law. Generally, tax returns and return

combined with any correction reported on Form 941-X, line 18)

information are confidential, as required by Code section 6103.

for the quarter, less any previous abatements and interest-free

tax assessments.

The time needed to complete and file Schedule B will vary

depending on individual circumstances. The estimated average

Form 941-X will be revised in April 2017. If you are using

time is 2 hours, 53 minutes.

the April 2017 revision, the total tax reported on the

“Total liability for the quarter” line of the amended

If you have comments concerning the accuracy of this time

CAUTION

Schedule B must match the corrected tax (Form 941, line 12

estimate or suggestions for making Schedule B simpler, we

(line 10 for quarters ending before January 1, 2017), combined

would be happy to hear from you. You can send us comments

with any correction reported on Form 941-X, line 19) for the

from IRS.gov/formcomment. Or you can send your comments to

quarter, less any previous abatements and interest-free tax

Internal Revenue Service, Tax Forms and Publications Division,

assessments.

1111 Constitution Ave. NW, IR-6526, Washington, DC 20224.

Don’t send Schedule B to this address. Instead, see Where

Should You File? in the Form 941 or Form 941-SS instructions.

Instructions for Schedule B (Form 941) (Rev. 12017)

Instructions For Schedule B (Form 941) - Report Of Tax Liability For Semiweekly Schedule Depositors - 2017 Page 3

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