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Calendar year. Use this schedule to show your TAX LIABILITY for the quarter; don’t use it to show your deposits. When you file this schedule with Form 941, don’t change your tax liability by adjustments reported on any Forms 941-X or 944-X.
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. See Deposit Penalties in section 11 of Pub. 15.
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.
Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Go to Part 3.
Schedule B is filed with Form 941. Therefore, the due date of Schedule B is the same as the due date for the applicable Form 941. In some situations, Schedule B may be filed with Form 941-X. See Form 941-X, later, for details. Don’t file Schedule B as an attachment to Form 944, Employer's ANNUAL Federal Tax Return. Instead, if you’re
Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941. Go to Part 3.
If you’re a semiweekly schedule depositor, you must complete Schedule B (Form 941). If you fail to complete and submit Schedule B (Form 941), the IRS may assess deposit penalties based on available information.
the employer's employee retention credit on Form 941, line 16, month 3, or, if a semiweekly schedule depositor, on Schedule B (Form 941) for the applicable day or days in December (month 3) for the fourth quarter of 2021. For more information, see the line 16 instructions, later. Some employers that are no longer eligible to claim the
CPEOs must generally file Form 941 and Schedule R (Form 941), Allocation Schedule for Aggregate Form 941 Filers, electronically. For more information about a CPEO’s requirement to file electronically, see Rev. Proc. 2023-18, 2023-13 I.R.B. 605, available at IRS.gov/irb/ 2023-13_IRB#REV-PROC-2023-18. Outsourcing payroll duties.
Internal Revenue Service. P.O. Box 932100. Louisville, KY 40293-2100. Special filing address for exempt organizations; governmental entities; and Indian tribal governmental entities; regardless of location. Department of the Treasury. Internal Revenue Service. Ogden, UT 84201-0005. Internal Revenue Service. P.O. Box 932100.