In this presentation, we will take a look at our quarterly payroll form. We are looking at it at 9:41 after our first quarter of operations. The first quarter of payroll is actually the third quarter of the year because we started in the third quarter of the year within QuickBooks. For more accounting information and accounting courses, visit our website at accountinginstruction.info. Here we are on the home page. We've got the open windows open. We can open the open windows by going to the view drop-down and selecting the open windows list. We're going to go to our primary report to see where these numbers come from within the payroll. So, we're going to go to the reports drop-down and go to employee and payroll and take a look at the summary or the payroll summary report. We'll take a look at the third quarter. This is the first quarter that we started entering data, which is the third quarter. Remember, there are 12 months divided by 3 quarters, which gives us three months for a quarter. In other words, one more time, there are 12 months in a year divided by 4 quarters, which gives us three months per quarter. So, January through March is the first quarter, April through June is the second quarter, and July through September is the third quarter. That's the month we're on, that's the quarter we're on because that's when we started entering data. So, we're going to enter this data in as 7/1/21 and again, our first payroll was until August, but we'll just enter the full quarter here. And then, we're going to say October 1 through September 30, 2021. If we scroll all the way to the right, it's giving us the information by employee. Here, it's going to...
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2017 IRS 941 Form: What You Should Know
You can't use this form to reduce the amount of Additional Medicare Tax you owe. (The amount is shown on the original Federal Form 941-SS or Form 941EZ.) It's the employer's job to make sure taxes are paid. If your business has problems with the IRS, you need help. March 1, 2025 — You can only use the form to report a reduction in payments because the business was unable to collect the employer tax due. (Don't file the form with Form 941.) June 22, 2025 — Don't file the form if this is your first quarterly Form 941. You can't use this Form 941 to increase or decrease any payments you owe. You must file the whole form. June 23, 2025 — Do not use the form. You can file this form at any time. You can use any prior year Form 941s, if you already filed them. If you still owe the tax, you will not be able to use the old version of Form 941. You must file a new Form 941 at any time. June 23, 2025 — You must file a new Form 941 if your net income and deductions for the previous year are less than what's shown in your tax return. If you filed an amended return and made changes to items in Box 3 or Box 4 of previous Form 941, do the following to report the correction. Complete Line 7a and Line 7b for both lines 1 and 2 of the original return filed. (If you were not required to file a separate return, do Line 5a). Make any necessary corrections. The corrected version of Box 4 can be entered on Line 6a. Enter on Line 6a all other items that were incorrectly entered in Box 4. If your tax return was incorrectly filed, contact the IRS to request a correction. See Tax Tip: You can use any previous year Form 941 to correct over-claims and overpayments you received. (If you received an incorrect Form 941, contact the IRS to request an updated return.) If your adjusted gross income (AGI) for the previous year was less than 0 for box 1 and more than 0 for boxes 2 and 3 of the original Form 941, or less than 0 for box 3 and more than 8,000 for boxes 4 through 6 of the original Form 941, do not file.
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