Process

These processing options are used to determine how the system processes data for this report.

1. Quarter (Required)

Specify the number that corresponds to the fiscal quarter for which you are processing the report. Valid values are:

1: First quarter

2: Second quarter

3: Third quarter

4: Fourth quarter

2. Year (Required)

Specify the two-digit year of the reporting period. If left blank, the report does not produce any output.

3. Print Employee Detail Wage List

Specify when you want to print the Employee Detail Wage List report. This report includes employee withholding for Social Security (FICA) and Medicare taxes. Values are:

Y: Yes, print the Detail Wage List report

N: No, do not print the Detail Wage List report. This is the default.

The withholding amounts are doubled on the 941 tax return to reflect both employee and employer taxes. For example, if the employee withholding amount for FICA is .62, the 941 report displays .124 for FICA.

4. F068500 Records

Specify whether you want the report to create records in the 941 Federal Tax History table (F068500). Values are:

N: No, do not create records in the 941 Federal Tax History table. This value is the default.

Y: Yes, create records in the 941 Federal Tax History table.

5. Line 13a - Total Deposits for this Quarter

Specify your deposits for this quarter, including overpayment applied from a previous quarter.

6. Monthly Depositor

Specify if you were a monthly schedule depositor for the entire quarter.

7. Line 13h - Total Advances Received from Filing Form 7200 for the Quarter (Release 9.2 Update)

Specify the amount to be transferred to the report on Line 13f. This amount is the total advances received from Form 7200 submissions for the quarter.

8. Are You a Qualified Employer for the Employee Retention Credit? (Release 9.2 Update)

Specify whether you are a qualified employer eligible for the employee retention credit, as defined in the CARES act. Values are:

N: No, if you are not a qualified employer eligible for the employee retention credit. This value is the default.

Y: Yes, if you are a qualified employer eligible for the employee retention credit.

9. Employer Tax ID

Specify the Employer Tax Identification number.