What is 941-PR Form?

The 941-PR Form is a tax form used by employers in Puerto Rico to report employment taxes. It is specifically used to report federal income tax withheld, Social Security tax, and Medicare tax.

What are the types of 941-PR Form?

The 941-PR Form comes in two types:

941-PR - Employer's Quarterly Federal Tax Return: This form is used to report employment taxes to the Internal Revenue Service (IRS). It is filed by employers who have employees subject to income tax withholding and social security and Medicare taxes.
Schedule B (Form 941-PR) - Report of Tax Liability for Semiweekly Schedule Depositors: This form is used by employers who are semiweekly schedule depositors and need to report their tax liabilities separately for each semiweekly period.

How to complete 941-PR Form

Completing the 941-PR Form requires the following steps:

01
Provide the employer's identification number (EIN), business name, and contact information.
02
Enter the total number of employees for the quarter.
03
Report wages, tips, and other compensation paid to employees.
04
Calculate the federal income tax withheld, Social Security tax, and Medicare tax.
05
Fill in the appropriate boxes for any adjustments, advances, or deferrals.
06
Sign and date the form.

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Video Tutorial How to Fill Out 941-PR Form

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