Form 941 Schedule D PDF Details

The Schedule D (Form 941), as a crucial component of payroll accounting and tax reporting, plays a foundational role in ensuring the accuracy of reported employee wages and the corresponding taxes paid by employers. Revised in April 2010 by the Department of the Treasury and administered by the Internal Revenue Service (IRS), this form addresses the specific scenarios in which discrepancies between the totals on Form 941, the Employer’s QUARTERLY Federal Tax Return, and Form W-2, the Wage and Tax Statement, arise as a direct result of acquisitions, statutory mergers, or consolidations. Scheduled for use when changes in corporate structure impact the reported figures, Schedule D offers a structured approach to rectify disparities ensuring that employees’ social security earnings records remain accurate for benefit purposes and verifying the appropriate payment of taxes. It stands out by simplifying the reconciliation process, potentially circumventing the need for direct IRS intervention by providing detailed breakdowns of social security wages, Medicare wages and tips, alongside other vital tax-related information through its segments. Employers find relief in the schedule’s clear delineation of processes for reporting amendments, which can be integral during times of significant organizational changes. Resorting to this schedule requires understanding its comprehensive instructions, eligibility criteria (as outlined in Rev. Proc. 2004-53), and the submission of requisite data to accurately reflect tax year discrepancies. Furthermore, those navigating the requirements after engaging in more than one relevant transaction within a calendar year must note the schedule’s provision for sequence reporting, further emphasizing its role in preserving the integrity of federal tax reporting.

QuestionAnswer
Form NameForm 941 Schedule D
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesf941sd schedule d form

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SCHEDULE D (FORM 941):

Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations

(Rev. April 2010) Department of the Treasury—Internal Revenue Service

OMB No. 1545-0029

Employer Identification Number (EIN)

Name (not your trade name)

Trade name (if any)

Address

—

Tax Year of Discrepancies (Fill in)

Format: YYYY

Type of Submission (Check one)

Number

Street

Suite or room number

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

State

 

ZIP code

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Phone number

Original

Corrected

About this schedule

Each year the Internal Revenue Service (IRS) and the Social Security Administration (SSA) compare the totals on your Forms 941, Employer’s QUARTERLY Federal Tax Return, with the totals on Forms W-2, Wage and Tax Statement, to verify that:

•The wages you reported on Forms 941 match those you reported on Forms W-2 (Copy A) so that your employees’ social security earnings records are complete for benefit purposes; and

•You have paid the appropriate taxes.

Generally, the totals on your Forms W-2 (Copy A) should equal the totals you reported on Forms 941. Use this schedule if discrepancies exist between the totals you reported on those forms ONLY as a result of an acquisition, statutory merger, or consolidation. In many cases, the information on this schedule should help the IRS resolve discrepancies without contacting you. If you are an eligible employer who elects to use the alternate procedure set forth in Rev. Proc. 2004-53, explained in the instructions, you should file this schedule.

Read the separate instructions before you fill out this schedule.

Part 1: Answer these background questions.

1. Are you filing this schedule —

After a statutory merger or consolidation? (See Rev. Rul. 62-60, 1962-1 C.B. 186 and Rev. Proc. 2004-53, 2004-2 C.B. 320.)

You are either:

 

An acquired corporation or

OR

 

A surviving corporation.

 

 

 

After an acquisition and you are using the alternate procedure under Rev. Proc. 2004-53, 2004-2 C.B. 320?

You are either:

 

A predecessor or

 

 

A successor.

 

 

2.

The effective date of the statutory merger/consolidation or acquisition is

3.

The OTHER PARTY in this transaction is . . .

MM / DD / YYYY

Other party’s EIN

 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other party’s name

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name (if any)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Address

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

Street

 

Suite or room number

 

 

 

 

 

 

 

 

City

 

State

ZIP code

Phone number

For Paperwork Reduction Act Notice, see separate instructions.

Next ■▶

Cat. No. 38791Y

Schedule D (Form 941) Rev. 4-2010

Your EIN

—

 

Name (not your trade name)

Other party’s EIN

—

Tax Year of Discrepancies (Fill in)

Format: YYYY

Part 2: Tell us about the discrepancies with your returns.

4.Social security wages

5.Medicare wages and tips

6.Social security tips

7.Federal income tax withheld

8.Advance earned income credit (EIC) payments

Column A

 

 

Column B

 

 

Column C

 

 

 

 

 

 

 

Amount you reported to IRS

 

– Amount you reported to SSA

 

= The difference

for the tax year

 

 

for the tax year

 

 

 

Totals from Forms 941 as corrected

 

 

Totals from Forms W-2 (Copy A) as

 

 

 

by any Forms 941-X

 

 

corrected by any Forms W-2c (Copy A)

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

If you are filing for one transaction only, STOP here. If you are filing for more than one transaction, go to Part 3.

Part 3: Fill this part out ONLY if you are filing more than one Schedule D (Form 941) for any calendar year.

9. File one Schedule D (Form 941) for each separate transaction. This is schedule

 

of

 

 

. (Example: This is schedule 1 of 3.)

 

Column A

Column B

 

 

Column C

 

 

 

 

 

 

 

 

 

10.Social security wages

11.Medicare wages and tips

12.Social security tips

13.Federal income tax withheld

14.Advance earned income credit (EIC) payments

Amount you reported to IRS

 

– Amount you reported to SSA

 

= The difference

for the tax year for the

 

 

for the tax year for the

 

 

 

employees affected by the

 

 

employees affected by the

 

 

 

transaction reported on this

 

 

transaction reported on this

 

 

 

Schedule D (Form 941)

 

 

Schedule D (Form 941)

 

 

 

Totals from Forms 941 as corrected

 

 

Totals from Forms W-2 (Copy A) as

 

 

 

by any Forms 941-X

 

 

corrected by any Forms W-2c (Copy A)

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–

 

 

=

 

 

 

 

 

 

 

 

Page 2

Schedule D (Form 941) Rev. 4-2010

How to Edit Form 941 Schedule D Online for Free

Form 941 Schedule D can be filled in without any problem. Just use FormsPal PDF editing tool to do the job in a timely fashion. The editor is continually maintained by us, acquiring additional functions and growing to be greater. To get the ball rolling, take these simple steps:

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It is easy to finish the form using this detailed tutorial! Here is what you have to do:

1. To begin with, once filling out the Form 941 Schedule D, start out with the part that contains the following blank fields:

Form 941 Schedule D conclusion process detailed (part 1)

2. Once your current task is complete, take the next step – fill out all of these fields - Are you filing this schedule, After a statutory merger or, You are either, An acquired corporation or, A surviving corporation, After an acquisition and you are, You are either, A predecessor or, A successor, The effective date of the, MM DD YYYY, The OTHER PARTY in this, Other partys EIN, Other partys name, and Trade name if any with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Form 941 Schedule D completion process outlined (step 2)

3. In this step, examine Phone number, City, State, ZIP code, Next, For Paperwork Reduction Act Notice, Cat No Y, and Schedule D Form Rev. Every one of these must be filled in with greatest accuracy.

Form 941 Schedule D completion process clarified (portion 3)

4. To go onward, this stage involves completing a couple of blank fields. These include Your EIN, Name not your trade name, Other partys EIN, Part Tell us about the, Tax Year of Discrepancies Fill in, Format YYYY, Column A, Column B, Column C, Amount you reported to IRS for the, Amount you reported to SSA for the, The difference, Totals from Forms as corrected by, Totals from Forms W Copy A as, and Social security wages, which are integral to continuing with this process.

Form 941 Schedule D completion process outlined (part 4)

A lot of people frequently make mistakes while filling in Your EIN in this part. Make sure you review everything you enter right here.

5. Lastly, this final section is precisely what you should wrap up before closing the PDF. The blank fields under consideration are the next: Social security tips Federal, withheld, Advance earned, income credit EIC payments, If you are filing for one, Part Fill this part out ONLY if, File one Schedule D Form for, Example This is schedule of, Column A, Column B, Column C, Amount you reported to IRS for the, Amount you reported to SSA for the, The difference, and Totals from Forms as corrected by.

File one Schedule D Form for, Column C, and If you are filing for one inside Form 941 Schedule D

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