941 Federal Tax Return Line 7 Supposed to Be "Fractions of Cents" [Archive]

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newguy08

11-15-2014, 07:13 AM

Hello,

My 941 Employer's Quarterly Federal Tax Return 3rd Quarter 2014 line 7. Current quarterâ€™s adjustment for fractions of cents show $135.60. It is supposed to be "fractions of cents". Why?

Thanks.

Paul Mayer

11-15-2014, 04:36 PM

Yes, the 941 Form "audits" your stored payroll transactions. This link below is to a FAQ that shows what mistakes have ever been made in the past to show more than a few cents on the 941 Form:

http://zpay.com/vbulletin/showthread.php?3274-941-Form-Numbers-Do-Not-Match-Employer-Totals-Report

Check those items and make the corrections before printing and submitting your 941.