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 Page 9
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11Never make an entry on both lines 14 and 15.
both boxes, generally we will apply the overpayment to your
account. We may apply your overpayment to any past due
You don't have to pay if line 14 is under $1. Generally,
tax account that is shown in our records under your EIN.
you should have a balance due only if your total taxes after
adjustments and credits (line 12) for the current quarter or
If line 15 is under $1, we will send a refund or apply it to
prior quarter (total taxes reported on line 10 if the prior
your next return only if you ask us in writing to do so.
quarter was the fourth quarter of 2016) are less than $2,500,
Complete Both Pages
and you didn't incur a $100,000 next-day deposit obligation
during the current quarter. However, see section 8 of Pub. 80
You must complete both pages of Form 941-SS and sign on
for information about payments made under the accuracy of
page 2. Failure to do so may delay processing of your return.
deposits rule.
Part 2: Tell Us About Your Deposit
If you were required to make federal tax deposits, pay the
Schedule and Tax Liability for This
amount shown on line 14 by EFT. If you weren't required to
make federal tax deposits, you may pay the amount shown
Quarter
on line 14 by EFT, credit card, debit card, check, money
order, or EFW. For more information on electronic payment
16. Tax Liability for the Quarter
options, visit the IRS website at IRS.gov/payments.
De minimis exception. If line 12 is less than $2,500 or
If you pay by EFT, credit card, or debit card, file your
line 12 on the prior quarterly return (total taxes reported on
return using the Without a payment address under Where
line 10 if the prior quarter was the fourth quarter of 2016) was
Should You File, earlier, and don't file Form 941-V(SS),
less than $2,500, and you didn't incur a $100,000 next-day
Payment Voucher.
deposit obligation during the current quarter, check the
appropriate box on line 16 and go to Part 3.
If you pay by check or money order, make it payable to the
“United States Treasury.” Enter your EIN, Form 941-SS, and
If you meet the de minimis exception based on the
the tax period (“1st Quarter 2017,” “2nd Quarter 2017,” “3rd
prior quarter and line 12 for the current quarter is
!
Quarter 2017,” or “4th Quarter 2017”) on your check or
$100,000 or more, you must provide a record of your
CAUTION
money order. Complete Form 941-V(SS) and enclose it with
federal tax liability. If you’re a monthly schedule depositor,
Form 941-SS.
complete the deposit schedule on line 16. If you’re a
semiweekly schedule depositor, attach Schedule B (Form
If line 12 is $2,500 or more and you’ve deposited all taxes
941).
when due, the balance due on line 14 should be zero, unless
If you reported $50,000 or less in taxes during the
you’ve reduced your deposits in anticipation of filing a Form
lookback period (see below), you’re a monthly schedule
941-X to claim COBRA premium assistance credits. See
depositor unless the $100,000 Next-Day Deposit Rule
Depositing Your Taxes, earlier.
discussed in section 8 of Pub. 80 applies. Check the
If you’re required to make deposits and instead pay
appropriate box on line 16 and enter your tax liability for each
the taxes with Form 941-SS, you may be subject to a
!
month in the quarter. Add the amounts for each month. Enter
penalty. See Must You Deposit Your Taxes, earlier.
the result in the Total liability for quarter box.
CAUTION
What if you can't pay in full? If you can't pay the full
Note that your total tax liability for the quarter must equal
amount of tax you owe, you can apply for an installment
your total taxes shown on line 12. If it doesn't, your tax
agreement online. You can apply for an installment
deposits and payments may not be counted as timely. Don't
agreement online if:
change your tax liability on line 16 by adjustments reported
You can't pay the full amount shown on line 14,
on any Forms 941-X.
The total amount you owe is $25,000 or less, and
You’re a monthly schedule depositor for the calendar year
You can pay the liability in full in 24 months.
if the amount of your Form 941-SS taxes reported for the
To apply using the Online Payment Agreement
lookback period is $50,000 or less. The lookback period is
Application, visit the IRS website at IRS.gov/opa.
the four consecutive quarters ending on June 30 of the prior
year. For 2017, the lookback period begins July 1, 2015, and
Under an installment agreement, you can pay what you
ends June 30, 2016. For details on the deposit rules, see
owe in monthly installments. There are certain conditions you
section 8 of Pub. 80. If you filed Form 944 in 2015 or 2016,
must meet to enter into and maintain an installment
your lookback period is the 2015 calendar year.
agreement, such as paying the liability within 24 months, and
making all required deposits and timely filing tax returns
The amounts entered on line 16 are a summary of
during the length of the agreement.
your monthly tax liability, not a summary of deposits
!
If your installment agreement is accepted, you will be
you made. If you don't properly enter your liabilities
CAUTION
charged a fee and you will be subject to penalties and
when required or if you’re a semiweekly schedule depositor
interest on the amount of tax not paid by the due date of the
and report your liabilities on line 16 instead of on Schedule B
return.
(Form 941), you may be assessed an “averaged”
failure-to-deposit (FTD) penalty. See Deposit Penalties in
15. Overpayment
section 8 of Pub. 80 for more information.
If line 13 is more than line 12, enter the difference on line 15.
If you reported more than $50,000 of taxes for the
Never make an entry on both lines 14 and 15.
lookback period, you’re a semiweekly schedule depositor.
Check the appropriate box on line 16.
If you deposited more than the correct amount for the
quarter, you can choose to have the IRS either refund the
You must complete Schedule B (Form 941) and submit it
overpayment or apply it to your next return. Check only one
with your Form 941-SS. Don't use Schedule B (Form 941) if
box on line 15. If you don't check either box or if you check
you’re a monthly schedule depositor.
-9-
Instructions for Form 941-SS (Rev. 1-2017)
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