Get the free Form 941-SS

This form is used to report social security and Medicare taxes for employers in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands.

How to fill out form 941-ss

How to fill out Form 941-SS

1. Download Form 941-SS from the IRS website or request a paper copy.
2. Complete the identifying information in Part 1, including your employer identification number (EIN), name, and address.
3. In Part 2, report the number of employees who paid wages, the total amount of wages, and the total amount of taxes withheld.
4. Complete Part 3, which includes calculating your tax liability and any adjustments.
5. Sign and date the form in Part 4, certifying that the information provided is accurate.
6. Mail the completed form to the address specified in the instructions based on your location.

Who needs Form 941-SS?

1. Employers who pay wages to employees in the Virgin Islands, Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands.
2. Businesses that are not required to use Form 941 due to special circumstances, such as those who only have employees in U.S. territories.
3. Any entity that needs to report income tax withheld from employees' wages and social security and Medicare taxes.

People Also Ask about

What is IRS form 941 used for?

Generally, you must file Form 941, Employer's Quarterly Federal Tax Return or Form 944, Employer's Annual Federal Tax Return to report wages you've paid and tips your employees have reported to you, as well as employment taxes (federal income tax withheld, Social Security and Medicare taxes withheld, and your share of

Who do you pay 941 taxes to?

Generally, employers must report wages, tips and other compensation paid to an employee by filing the required form(s) to the IRS. You must also report taxes you deposit by filing Forms 941, 943, 944, 945, and 940 on paper or through e-file.

What is form 941 SS?

Use Form 941-SS to report Social Security and Medicare taxes for workers in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Islands.

What are taxable Social Security wages on form 941?

The social security tax rate is 6.2% each for the employee and employer. The social security wage base limit is $176,100. The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2024. There is no wage base limit for Medicare tax.

How often must employers who pay Social Security and Medicare taxes file form 941?

In general, employers who withhold federal income tax, Social Security or Medicare taxes must file Form 941, Employer's Quarterly Federal Tax Return, each quarter.

What is the difference between form 941 and 1040?

So, Form 1040-ES needs to be filed when you do not have an employer withholding these taxes from you. In contrast, Form 941 is the form that shows the IRS how much tax you, as an employer, withheld from each employee's paycheck.

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.

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.

For pdfFiller’s FAQs

What is Form 941-SS?

Form 941-SS is a payroll tax form used by small employers in U.S. territories to report income taxes withheld, Social Security tax, and Medicare tax.

Who is required to file Form 941-SS?

Employers who pay wages subject to federal income tax withholding, Social Security, and Medicare taxes in the U.S. territories must file Form 941-SS.

How to fill out Form 941-SS?

To fill out Form 941-SS, employers must provide information such as the number of employees, total wages paid, total taxes withheld, and calculate the amount owed.

What is the purpose of Form 941-SS?

The purpose of Form 941-SS is to report employment taxes and ensure compliance with federal tax obligations in U.S. territories.

What information must be reported on Form 941-SS?

Form 941-SS must report information including total wages, taxes withheld for federal income tax, Social Security, and Medicare, as well as any adjustments.