Get the free Schedule A (Form 941)

Used to report backup withholding liability as a separate tax liability, this form requires the reporting of each tax liability based on the dates payments subject to backup withholding were made.

How to fill out schedule a form 941

How to fill out Schedule A (Form 941)

1. Obtain Schedule A (Form 941) from the IRS website or your tax professional.
2. Enter your business's name and Employer Identification Number (EIN) at the top of the form.
3. In Part 1, report the number of employees who received wages during the period covered by Form 941.
4. In Part 2, calculate the total taxes withheld from employee wages for the reporting period.
5. In Part 3, summarize your adjustments for the current quarter, if any.
6. Review the totals to ensure accuracy, especially in relation to the amounts reported on Form 941.
7. Submit Schedule A along with Form 941 by the appropriate deadline for your business.

Who needs Schedule A (Form 941)?

1. Employers who are required to report income taxes, Social Security tax, or Medicare tax withheld from employee wages.
2. Businesses that need to report employment tax liabilities at a specific threshold during the quarter.

People Also Ask about

What happens if I don't file form 941?

Late Filing Deposits made between six and 15 days late have a five percent penalty and a ten percent penalty for deposits more than 16 days late, plus interest. If you file Form 941 late, the IRS imposes a penalty of five percent per month or partial month you are late, up to a maximum of 25 percent.

Can I handwrite form 941?

You can fill out IRS Form 941 by hand-writing. But with so many numbers to figure out, filling them in the form by hand can be shaky as any mistake would ruin your effort for the whole form.

Who needs to fill out form 941?

Who Must File Form 941? If you pay wages subject to federal income tax withholding or social security and Medicare taxes, you must file Form 941 quarterly to report the following amounts. security and Medicare taxes. Medicare taxes for fractions of cents, sick pay, tips, and group-term life insurance.

Does an LLC have to file form 941?

Generally, any LLC with at least one employee who has paid wages subject to tax withholding (6.2% for Social Security and 1.45% for Medicare) must file Form 941. Even LLCs with no employees or those who haven't paid wages during the quarter are required by the IRS to report zero taxes on Form 941.

What is 941 A?

Employers use Form 941 to: Report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks. Pay the employer's portion of Social Security or Medicare tax.

Is there a new 941 form for 2025?

The updated version of Form 941 for 2025 includes several changes to tax rates compared to the previous version businesses used for filing in the fourth quarter of 2024.

What is form 941 A?

IRS Form 941, the Employer's Quarterly Tax Form, is an essential tax form for businesses. Unlike individuals who file taxes on a yearly basis, most US employers are required to file quarterly federal tax returns. Businesses who have employees must file Form 941 to report federal withholdings from employees.

For pdfFiller’s FAQs

What is Schedule A (Form 941)?

Schedule A (Form 941) is a form used by employers to report their total tax liability for Social Security and Medicare taxes, as well as any adjustments to the amounts previously reported.

Who is required to file Schedule A (Form 941)?

Employers who are required to file Form 941 and have qualified for the Credit for Employment Taxes Paid in 2020 must file Schedule A to report their monthly tax liabilities.

How to fill out Schedule A (Form 941)?

To fill out Schedule A, employers must enter their monthly tax liabilities for Social Security and Medicare taxes in the appropriate sections, along with any applicable adjustments, and ensure all calculations are accurate before submitting it with Form 941.

What is the purpose of Schedule A (Form 941)?

The purpose of Schedule A is to provide the IRS with a detailed account of an employer's monthly tax liabilities for Social Security and Medicare taxes, aiding in tax compliance and enforcement.

What information must be reported on Schedule A (Form 941)?

Schedule A requires employers to report their total tax liability for Social Security and Medicare taxes for each month in the quarter, any adjustments for prior periods, and the total tax liability for the quarter.