Instructions For Form 941-Ss - Employer'S Quarterly Federal Tax Returnamerican Samoa, Guam, The Commonwealth Of The Northern Mariana Islands, And The U.s. Virgin Islands - 2010 Page 2
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9Instructions for
Department of the Treasury
Internal Revenue Service
Form 941-SS
(Rev. October 2010)
Employer’s QUARTERLY Federal Tax Return—American Samoa, Guam, the
Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands
Correcting a previously filed Form 941-SS. If you
Section references are to the Internal Revenue Code unless
discover an error on a previously filed Form 941-SS, make
otherwise noted.
the correction using Form 941-X, Adjusted Employer’s
QUARTERLY Federal Tax Return or Claim for Refund.
What’s New
Form 941-X is filed separately from Form 941-SS. For more
information, see section 9 of Pub. 80 (Circular SS) or visit
Electronic deposit requirement. The IRS has issued
IRS.gov and enter the keywords Correcting Employment
Taxes.
proposed regulations under section 6302 which provide that
beginning January 1, 2011, you must deposit all depository
Paid preparers must sign Form 941-SS. Paid preparers
taxes (such as employment tax, excise tax, and corporate
must complete and sign the paid preparer’s section
income tax) electronically using the Electronic Federal Tax
of Form 941-SS.
Payment System (EFTPS). Under these proposed
Electronic filing and payment. Now, more than ever
regulations, which are expected to be finalized by December
before, businesses can enjoy the benefits of filing and
31, 2010, Forms 8109 and 8109-B, Federal Tax Deposit
paying their federal taxes electronically. Whether you rely on
Coupon, cannot be used after December 31, 2010. For
a tax professional or handle your own taxes, the IRS offers
more information about EFTPS or to enroll in EFTPS, visit
you convenient programs to make filing and paying easier.
the EFTPS website at You can also get Pub.
Spend less time and worry on taxes and more time running
966, The Secure Way to Pay Your Federal Taxes. Or, you
your business. Use e-file and the Electronic Federal Tax
can call 1-800-555-4477 (U.S. Virgin Islands only),
Payment System (EFTPS) to your benefit.
303-967-5916 (toll call), or 1-800-733-4829 (TDD).
•
For e-file, visit IRS.gov for additional information.
Qualified employer’s social security tax exemption.
•
For EFTPS, visit
or call EFTPS Customer
Qualified employers are allowed an exemption for their
Service at 1-800-555-4477 (U.S. Virgin Islands only),
share (6.2%) of social security tax on wages/tips paid to
303-967-5916 (toll call), or 1-800-733-4829 (TDD).
qualified employees after March 31, 2010, and before
January 1, 2011. See the instructions for lines 6a through 6d
For an EFTPS deposit to be on time, you must
!
on page 5.
initiate the transaction at least 1 business day before
the date the deposit is due. See section 8 of Pub. 80
Aggregate Form 941-SS filers. Agents must complete
CAUTION
(Circular SS) for details.
Schedule R (Form 941), Allocation Schedule for Aggregate
Form 941 Filers, when filing an aggregate Form 941-SS.
Same-day payment option. If you fail to initiate a
Aggregate Forms 941-SS are filed by agents approved by
deposit transaction on EFTPS by 8 p.m. Eastern time the
the IRS under section 3504. To request approval to act as
day before the date a deposit is due, you can still make your
an agent for an employer, the agent files Form 2678,
deposit on time by using the Federal Tax Application (FTA).
Employer/Payer Appointment of Agent, with the IRS.
If you ever need the same-day payment method, you will
COBRA premium assistance credit extended. The credit
need to make arrangements with your financial institution
for COBRA premium assistance payments has been
ahead of time. Please check with your financial institution
extended. It now applies to premiums paid for employees
regarding availability, deadlines, and costs. Your financial
involuntarily terminated between September 1, 2008, and
institution may charge you a fee for payments made this
May 31, 2010, and to premiums paid for up to 15 months.
way. To learn more about the information you will need to
See COBRA premium assistance payments on page 6.
provide to your financial institution to make a same-day wire
Social security wage base for 2010 and 2011. Do not
payment, visit
to download the Same-Day
withhold or pay social security tax after an employee
Payment Worksheet.
reaches $106,800 in social security wages for the year.
Electronic funds withdrawal (EFW). If you file Form
There is no limit on the amount of wages subject to
941-SS electronically, you can e-file and e-pay (electronic
Medicare tax.
funds withdrawal) the balance due in a single step using tax
preparation software or through a tax professional.
Reminders
However, do not use EFW to make federal tax deposits. For
more information on paying your taxes using EFW, visit the
IRS website at A fee may be charged to
Qualified employer’s social security tax credit. Qualified
file electronically.
employers are allowed a credit in the second quarter of
Credit or debit card payments. Employers can pay the
2010 for their share (6.2%) of social security tax on wages/
balance due shown on Form 941-SS by credit or debit card.
tips paid to qualified employees after March 18, 2010, and
Do not use a credit or debit card to make federal tax
before April 1, 2010. See the instructions for lines 12c
deposits. For more information on paying your taxes with a
through 12e on page 6.
credit or debit card, visit the IRS website at
Employers can choose to file Forms 941-SS instead of
Form 944-SS for 2010. Beginning with tax year 2010,
Employer’s liability. Employers are responsible to ensure
employers that would otherwise be required to file Form
944-SS can notify the IRS if they want to file quarterly Forms
that tax returns are filed and deposits and payments are
941-SS instead of annual Form 944-SS. See Revenue
made, even if the employer contracts with a third party. The
Procedure 2009-51, 2009-45 I.R.B. 625, available at
employer remains liable if the third party fails to perform a
required action.
Cat. No. 35530F
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