Include as a negative adjustment on line 9 the total uncollected employee share of the social security and Medicare taxes. 19. An employer isn't liable for the employer share of the social security and Medicare taxes on unreported tips until notice and demand for the taxes is made to the employer by the IRS in a Section 3121(q) Notice and Demand. If you want more in-depth information about payroll tax topics relating to Form 941, see Pub. See sections 11 and 12 of Pub. Nonrefundable Portion of Credit for Qualified Sick and Family Leave Wages for Leave Taken After March 31, 2021, and Before October 1, 2021. If youre a semiweekly schedule depositor, attach Schedule B (Form 941). What if You Reorganize or Close Your Business? If you enter an amount on line 11a, you must attach Form 8974. Our Agency . 966. Forms and Instructions (PDF) - IRS tax forms . Step 2: Tell us about your business. Stop paying social security tax on and entering an employee's wages on line 5a(i) when the employee's taxable wages, including wages reported on line 5a, qualified sick leave wages reported on line 5a(i), qualified family leave wages reported on line 5a(ii), and tips, reach $160,200 for the year. For more information about exempt wages, see section 15 of Pub. 15. Add lines 2a and 2a(i), Qualified sick leave wages excluded from the definition of employment under sections 3121(b)(1)(22). A fee may be charged to file electronically. 15. PDF 2023 IL-941 Instructions Form. 3632 0 obj Your deposit schedule depends on the total tax liability you reported on Form 941 during the previous 4-quarter lookback period (July 1 of the second preceding calendar year through June 30 of the preceding calendar year). If none of these exceptions apply and you haven't filed a final return, you must file Form 941 each quarter even if you didn't pay wages during the quarter. Certain private employers with fewer than 500 employees that provide paid sick leave under the EPSLA and/or provide paid family leave under the Expanded FMLA are eligible to claim the credit for qualified sick and family leave wages. Line 2 - Enter total wages, tips, and other compensation (like . File Form W-3 and Copy A of Forms W-2 with the SSA on time and accurately.