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FORM 941 - EMPLOYER'S QUARTERLY FEDERAL TAX RETURN#

The Form 941 – Employer’s Quarterly Federal Tax Return is a hard copy that must be completed manually. The following are the steps recommended to aid in completing the form.

Define Elements #

Create an element in IPPE (941 REPORT) that contains all of the PC's that need to be included in the report. Below is a list of the pay components that could be included. Your company may not require all of them or may require others.

View Pay Run Information #

Line 1 - # of Employees #

For the quarterly report, there is a requirement to count the number of employees in the pay period that contains the 12th. (i.e. MArch 12 for the first quarter).

• Open IPVT
• Enter Query Mode
• Select "Closed" for the Stage and enter the pay period that includes March 12 into the Period field.
• Execute the query
• The number of employees processed will be displayed in the Employees field.
  Use this number for line 1

Description	PC Usage	PC Code	941 Line
Fed Taxable Wages	6004		2
Fed Supp Wages	6005		2
Fed Tax	6001		3
Add. Fed Tax	6002		3
Supp Fed Tax	6003		3
FICA Wages	6202		6
Medicare Wages	6502		7
FICA Tax EE	6201		8
FICA Tax ER	6210		8
Medicare Tax EE	6501		8
Medicare Tax ER	6503		8
EIC PC	6101		12

Line 2 – Total Wages#

Line 3 – Total Tax#

Line 6 – SS (FICA) Wages #

Line 7 – Medicare Wages #

Line 8 – Total SS and Medicare #

Line 12 - EIC #

Produce Pay Totals Register #

User may now run RPREGT using the element created to obtain information to aid in completing the F941 form. Run RPREGT for the current quarter to obtain information for Lines, 2, 3, 6, 7, 8, and 12. Run RPREGT for the previous quarter and compare it to what was submitted on the F941 for the previous quarter to obtain information for lines 4 and 5.

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Notes #

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