When filing Form 941, when must a Schedule B be completed? If you need to report an adjustment in your tax liability Only if you receive an IRS deposit requirement notification letter If your federal tax liability is over $50,000 for the lookback period If you are a seasonal employer and pay employees more than $50,000 in a three-month period
When filing Form 941, when must a Schedule B be completed? If you need to report an adjustment in your tax liability Only if you receive an IRS deposit requirement notification letter If your federal tax liability is over $50,000 for the lookback period If you are a seasonal employer and pay employees more than $50,000 in a three-month period
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1.
Transcribed Image Text:When filing Form 941, when must
a Schedule B be completed?
If you need to report an
adjustment
in your tax liability
Only if you receive an IRS deposit
requirement notification letter
If your federal tax liability is over
$50,000 for the lookback period
If you are a seasonal employer
and pay employees more than
$50,000 in a three-month period.
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