Ask a CPA

Yes. Taxpayers who own or operate businesses may be eligible for the following tax incentives: Business tax credits named the Work opportunity tax credit, and the Disabled Access credit. The Work Opportunity Tax Credit is a federal tax credit used to reduce the federal tax liability of private-for-profit employers. Employers can hire from 9 different targeted groups: Qualified TANF Recipients, Qualified Veterans, Qualified Ex-Felons, Qualified Designated Community Residents (DCR), Qualified Vocational Rehabilitation Referrals, Qualified Summer Youth, Qualified Food Stamp Recipients, Qualified Supplemental Security Income (SSI) Recipients Qualified Long-Term Family Assistance Recipients.

Yes. Taxpayers who own or operate businesses may be eligible for the following tax incentives: Business tax credits named the Work opportunity tax credit, and the Disabled Access credit. The Work Opportunity Tax Credit is a federal tax credit used to reduce the federal tax liability of private-for-profit employers. Employers can hire from 9 different targeted groups: Qualified TANF Recipients, Qualified Veterans, Qualified Ex-Felons, Qualified Designated Community Residents (DCR), Qualified Vocational Rehabilitation Referrals, Qualified Summer Youth, Qualified Food Stamp Recipients, Qualified Supplemental Security Income (SSI) Recipients Qualified Long-Term Family Assistance Recipients.

The website is http://www.socialsecurity.gov/pgm/survivors.htm.
To apply for your Survivor's Social Security benefits or Retirement benefits, call 1-800-772-1213. The hours of use are between 7 a.m. and 7 p.m., Monday through Friday.
After answering some questions, a completed application will be mailed to the applicant for their signature and possible copies of additional required documents, such as marriage certificate or divorce papers.

Generally, Yes. The 941 Telefile number is 1-800-583-5345 1-800-583-5345 .The Telefile system will accept calls the first day after the period at 9 a.m.,24 hours a day. For the best results, use a touchtone phone but do not use a cordless or cellular phone, or one with a keypad in the handset. For more help, speak to your local CPA or call Telefile assistance at 1-800-829-8815 1-800-829-8815.

No. If you filed Form 941 using the 941 Telefile method, magnetic tape or via the Internet, then you should not mail in a completed paper Form 941.

If you are a Sole Proprietor, then the individual owning the business must sign. If you are a Corporation, then the president, vice president or other principal officer must sign. If you are a Partnership or unincorporated organization, then a responsible and dully authorized member or officer having knowledge of its affairs must sign. If you are a Trust, then the fiduciary must sign. Note that Form 941 may also be signed by a duly authorized agent of the taxpayer if a valid power of attorney has been filed.

You may use the Employer's Annual Federal Unemployment short Form 940-EZ if you did the following: paid unemployment contributions to only one state, all state unemployment contributions were paid by January 31st of the following year, and all the wages that are taxable for Federal Unemployment tax are also taxable for your state's unemployment tax. You cannot use 940-EZ if you owe FUTA tax only for household work in a private home or if you are a successor employer claiming a credit for state unemployment contributions paid by a prior employer.

Depending on how much you paid in wages, how many employees you employed, and the "Type" of employee you employed, will determine if you have to pay Federal Unemployment taxes(FUTA)or not. The three different "types" of employees are Household employees, Farmworkers and everybody else. For non-Household of Farmworkers, the general test is that you are subject to FUTA tax on wages if you paid employee wages of $1,500 or you had one or more employees for at least some part of a day in any 20 or more different weeks. A Household worker is an employee who performs household work in a private home, local college club or local sorority or fraternity chapter. The Farmworkers test is that you are subject to FUTA tax on wages if you pay employees cash wages of $20,000 or more in any calendar quarter or you employed 10 or more farmworkers during at least some part of a day (whether or not at the same time) during any 20 or more different weeks.

If your FUTA tax is more than $500 for the calendar year you must deposit at least one quarterly payment. Taxpayers are liable for penalties if a deposit is not made in the required manner. To enroll in the EFTPS speak to your local CPA or call 1-800-945-8400 1-800-945-8400 or 1-800-829-1040 1-800-829-1040.

Generally, your church or any other non-profit religious or educational, charitable organization is not subject to the Federal Unemployment tax (FUTA) and is not required to file Form 941. Speak to your local CPA if you are not subject to the FUTA tax.