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  • Form 941 (schedule B) (rev. January 2005 ) (fill-in Capable)

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E 2 IS BLANK) PRINTS: FACE ONLY MARGINS; TOP 1 2 , CENTER SIDES. PAPER: WHITE WRITING, SUB. 20. INK: BLACK and 20% PANTONE 266 FLAT SIZE: 216mm (81 2 ") x 279mm (11") PERFORATE: NONE DO NOT PRINT DO NOT PRINT DO NOT PRINT DO NOT PRINT Action Date Signature O.K. to print Revised proofs requested VERSION D 9903 Schedule B (Form 941): Report of Tax Liability for Semiweekly Schedule Depositors (Rev. January 2005) OMB No. 1545-0029 Department of the Treasury Internal R.

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Schedule B accompanies Form 941, it's a daily report of the employer's tax liability for federal income tax withheld from employees. It also reports the employer's share of Social Security and Medicare taxes withheld during the period.

Who Must File? File Schedule B if you're a semiweekly schedule depositor. You're a semiweekly schedule depositor if you reported more than $50,000 of employment taxes in the lookback period or accumulated a tax liability of $100,000 or more on any given day in the current or prior calendar year.

Use Schedule B (Form 1040) if any of the following applies: You had over $1,500 of taxable interest or ordinary dividends. You received interest from a seller-financed mortgage and the buyer used the property as a personal residence. You have accrued interest from a bond.

The IRS uses Schedule B to determine if you've deposited your federal employment tax liabilities on time. If you're a semiweekly schedule depositor and you don't properly complete and file your Schedule B with Form 941, the IRS may propose an “averaged” FTD penalty.

Form Schedule B is missing You're required to pay your 941 taxes semiweekly. You accrued $100,000 or more in 941 taxes on any given day in the quarter.

You must complete Schedule B if you receive interest or dividend income. Form 1099-INT and 1099-DIV.

How To Report With Schedule B (Form 941)? Quarter IncludesQuarter EndsJan, Feb, MarMar 31Apr, May, JuneJun 30July, Aug, SeptSep 30Oct, Nov, DecDec 31 Jan 7, 2022

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232