How to Change Payment Date on Schedule B Form 941 in QuickBooks
We come across queries asking if it will be possible to change the payment date on schedule B Form 941 in QuickBooks . Yes, the above process is possible only if the changes/modifications follow the tax payment schedule which is listed by the IRS. If they comply with the tax payment schedule, it will help avoid penalties thereafter. The schedule B form lays down the 941 tax liabilities that are applicable for each paycheck date. Your liability in schedule B of 941 form includes: The federal income tax you withheld from your employees’ pay, and Both employee and employer social security and Medicare taxes. The steps further listed in the blog help you to Change Payment Date on Schedule B Form 941 in QuickBooks in the most simple way. What is the IRS form 941 and who all must file Form 941? The IRS Form 941 must be filed by you if you run a business and have employees working with whom you pay the wages. The form is Employer’s Quarterly Federal Tax Return which