941 Schedule B
Uses of Form 941 Schedule B
The IRS Form 941 Schedule B is a tax form for the reporting of tax liability for semi-weekly pay schedules. 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.
The 941 Schedule B is available in the application for a client when:
- The client is shown as a Semiweekly depositor in thePayroll Taxestab of the Clients screen in the Deposit schedule.
- The client's accumulated tax liability was $100,000 or more at any point during the quarter.
- The client reported taxes of more than $50,000 for the lookback period.
To determine if a client is a semiweekly schedule depositor, visit IRS.gov and search for
semiweekly depositor
. important
Accounting CS uses the amount
withheld
on payroll check, not the amount of liability due
for each payroll, to complete the Schedule B.Differences in the Schedule B totals and the totals on Form 941 page 1, line 12 can be caused by changes to taxability of payroll items, overrides of tax amounts added to an employee’s payroll check, or changes to Adjust Taxable Wages on payroll checks.
Client converted during the quarter
If the client was converted during the quarter, you may need to override information on Form 941 or 941 Schedule B to reflect the payroll on appropriate dates, rather than month-to-date summary amounts. To override information on the form, follow these steps.
- SelectActions, thenEdit Payroll Tax Forms.
- In the Edit Payroll Tax Forms screen, choose the appropriate client from theClientdropdown list.
- SelectReconciliationfrom theFormtype dropdown list.
- SelectQuarterlyand the specific year in the dropdown list.
- SelectRefresh.
- Select the Federal Jurisdiction.
- Choose the941,941(p2), or941-Sch Bform, and edit any information necessary to correct the form(s).
If semi-weekly depositor needs to complete Schedule B when quarter liability less than $2500
In some instances, a semiweekly depositor will be required to complete the Schedule B even when their current quarter liability is less than $2500. If the 941 Schedule B is not filling out, the form will become available to print or appear in the electronic filing with these steps:
- Go toSetup,Clients.
- Select thePayroll Taxestab.
- Go to the Forms section, and within the Federal 94X subsection, selectAdditional Information.
- Mark theIgnore deposit threshold when calculating line 16checkbox
