Form 941 Schedule B (Spanish Version)

Can employers request relief for the failure to file (FTF) penalty?

No, employers generally cannot request relief for the FTF penalty as it is not tied directly to the timely submission of Annex B.

What should be done if Annex B was not provided earlier, and a penalty for failure to file (FTF) has been imposed?

If Annex B wasn't provided when it should have been, and an FTF penalty has been imposed, the employer must still provide the missing information. However, they cannot request relief from the FTF penalty.

What is the purpose of submitting Form 941-X and Annex B enmended together?

Submitting Form 941-X and Annex B enmended together can help reduce or avoid a Failure to Deposit (FTD) penalty. This applies when there has been a reduction in taxes or an increase in taxes, and the employer wants to correct the error and potentially lessen or eliminate any penalties.

What should be included in Annex B when submitting it with Form 941-X?

Annex B should include accurate information regarding the wages, tips, taxable Medicare wages and tips, deposits made, taxes due, and other related items for each of the affected quarters. It's essential to ensure the total obligations shown on Annex B match the corrected imputed taxes declared in Form 941-X.

When is it mandatory to submit an enmended Annex B with Form 941-X?

An enmended Annex B should be submitted along with Form 941-X when:

1. There is a reduction in taxes, and a penalty for failure to deposit (FTD) has been imposed.

2. There is an increase in taxes, and the employer files Form 941-X on time but hasn't yet deposited the additional tax.