Print the 941 Report.
Form 941, also known as the Employer's Quarterly Federal Tax Form, is the form an employer uses to report employment taxes, withholding amounts, deposit amounts, and amounts due to the IRS.
In this Topic Hide
Pay codes for adjustments for tips and group-term life insurance (9)
Pay codes used for third-party FWT, Social Security, and Medicare
Tax due on unreported tips (5f)
Qualified small business tax credits (11)
IRS Instructions for Form 941, revised January 2019
IRS Form 941, revised January 2019
1. Open Connect Payroll > Reports > 940 Report.
2. Select a report title.
3. Select the report range.
How do I change the report date range?
How do I change the date type?
How do I change the date type?
How do I prompt a user to enter a date?
4. Set up the report options on the Report Options tab.
5. Set up the report information on the Fields tab.
Pay codes for adjustments for tips and group-term life insurance (9)
Pay codes used for third-party FWT, Social Security, and Medicare
Tax due on unreported tips (5f)
Qualified small business tax credits (11)
Total deposits for this quarter (13)
6. Set up the Selection Criteria, Report Order, and Columns.
How do I set up the Selection Criteria?
How do I set up the Report Order?
How do I set up the Report Sections?
7. Click Print (CTRL+P).
The report prints.
2019Apr02
Sick pay generally means any amount paid under a plan because of an employee's temporary absence from work due to injury, sickness, or disability. It may be paid by either the employer or a third party, such as an insurance company. Sick pay includes both short- and long-term benefits. It is often expressed as a percentage of the employee's regular wages (source: www.irs.gov).
Use Pay Codes for Sick Pay (8) to select the pay codes that record amounts for sick pay. Click Select. Use the Selection form to move the pay codes for sick pay to the Selected Pay Codes list.
This value prints on line 8 of the 941 Report.
First, use Pay Codes for Adjustments for Tips and Group-term Life Insurance to select the pay codes that record adjustments for employee tips and group-term life insurance. Click Select. Use the Selection form to move the pay codes that record adjustments for tips and group-term life insurance to the Selected Pay Codes list.
Second, use the Additional Amount for 7c field to enter an amount. The report will total the pay codes listed in the Pay Codes for Adjustments... and add the additional amount.
This value prints on line 9 of the 941 Report.
Select the pay codes that your organization will use to report third party FWT, Social Security, and Medicare.
Enter the tax due from your Section 3121(q) Notice and Demand on line 5f. The IRS issues a Section 3121(q) Notice and Demand to advise an employer of the amount of tips received by employees who failed to report or underreported tips to the employer. An employer isn't liable for the employer share of the social security and Medicare taxes on unreported tips until notice and demand for the taxes is made to the employer by the IRS in a Section 3121(q) Notice and Demand. The tax due may have been determined from tips reported to the IRS on employees' Forms 4137, Social Security and Medicare Tax on Unreported Tip Income, or other tips that weren't reported to their employer as determined by the IRS during an examination. For additional information, see Rev. Rul. 2012-18, 2012-26 I.R.B. 1032, available at IRS.gov/irb/2012-26_IRB#RR-2012-18. Deposit the tax within the time period required under your deposit schedule to avoid any possible deposit penalty. The tax is treated as accumulated by the employer on the “Date of Notice and Demand” as printed on the Section 3121(q) Notice and Demand. The employer must include this amount on the appropriate line of the record of federal tax liability (Part 2 of Form 941 for a monthly schedule depositor or Schedule B (Form 941) for a semiweekly schedule depositor) (source: www.irs.gov).
This value prints on line 5f of the 941 Report.
Enter the amount of the credit from Form 8974, line 12 (source: www.irs.gov).
Note: If you enter an amount on line 11, you must attach Form 8974.
This value prints on line 11 of the 941 Report.
Enter your deposits for this quarter, including any overpayment from a prior quarter that you applied to this return. Also include in the amount shown any overpayment that you applied from filing Form 941-X, 941-X (PR), 944-X, or 944-X (SP) in the current quarter (source: www.irs.gov).
This value prints on line 13 of the 941 Report.
The detail report prints this information for each employee: Social Security Number, Total Wages and Allowances, Not Subject Amount, Amount Over Limit, and Taxable Amount. Use the detail report to check the employee information that will print on the report.
Do you want to print the detail report?
Yes, I want to print the detail report. Click to select Print Detail Report.
No, I do not want to print the detail report. Click to deselect Print Detail Report.
A form is a document that has been set up to print information, such as text, titles, or variables.
Do you want to print forms?
Yes, I want to print forms. Click to select Print Form. Then, set up the options on the Forms tab.
No, I do not want to print forms. Click to deselect Print Form.