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.
| 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
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
