What is the difference between 941 and 941 Schedule B?

The employer is required to withhold federal income tax and payroll taxes from the employee’s paychecks. The 941 form reports the total amount of tax withheld during each quarter. On Form 941 (Schedule B), you must list your tax liability for each day.

What is a 941 PR?

More In Forms and Instructions Employers in Puerto Rico use this form to: Report income taxes, social security tax, or Medicare tax withheld from employee’s paychecks.

Do I have to file a 941 Schedule B?

“Who Must File? File Schedule B (Form 941) if you are a semiweekly schedule depositor. You are a semiweekly 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.

What is a 941 Schedule B?

What is IRS Form 941 Schedule B? 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.

What is a Schedule B form?

Schedule B is an IRS tax form that must be completed if a taxpayer has received interest income and/or ordinary dividends over the course of the year. Schedule B is also used to report less common forms of interest or corporate distributions to individuals.

Where do I file my 941 PR?

Mailing Addresses for Forms 941
Mail return without payment …	Mail return with payment …
Internal Revenue Service PO Box 409101 Ogden, UT 84409	Internal Revenue Service P.O. Box 932100 Louisville, KY 40293-2100

What is a 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. Virgin Islands.