Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Gallagher Company has gathered the information needed to complete its Form 941 for the quarter ended September 30, 2018. Gallagher Company is a monthly depositor

Gallagher Company has gathered the information needed to complete its Form 941 for the quarter ended September 30, 2018. Gallagher Company is a monthly depositor with the following monthly tax liabilities for this quarter:

July $7,891.75
August 7,984.90
September 7,989.27

State unemployment taxes are only paid to California. The company does not use a third-party designee, and the tax returns are signed by the president, James Gallagher (Phone: 916-555-9739), and the date filed is October 31, 2018.

Complete Parts 2, 4, and 5 of Form 941 for Gallagher Company for the third quarter of 2018.

Name (not your trade name) Employer identification number (EIN)
JAMES GALLAGHER 00-0006509
Part 2: Tell us about your deposit schedule and tax liability for this quarter.
If you are unsure about whether you are a monthly schedule depositor or a semiweekly schedule depositor, see section 11 of Pub. 15.
16 Check one:
a. Line 12 on this return is less than $2,500 or line 12 (line 10 if the prior quarter was the fourth quarter of 2016) on the return for the prior quarter was less than $2,500, and you didn't incur a $100,000 next-day deposit obligation during the current quarter. If line 12 (line 10 if the prior quarter was the fourth quarter of 2016) for the prior quarter was less than $2,500 but line 12 on this return is $100,000 or more, you must provide a record of your federal tax liability. If you are a monthly schedule depositor, complete the deposit schedule below; if you are a semiweekly schedule depositor, attach Schedule B (Form 941). Go to Part 3.
b. You were a monthly schedule depositor for the entire quarter. Enter your tax liability for each month and total liability for the quarter, then go to Part 3.
Tax liability: Month 1
Month 2
Month 3
Total liability for quarter Total must equal line 12.
c. You were a semiweekly schedule depositor for any part of this quarter. Complete Schedule B (Form 941), Report of Tax Liability for Semiweekly Schedule Depositors, and attach it to Form 941.
Part 3: Tell us about your business. If a question does NOT apply to your business, leave it blank.
17
If your business has closed or you stopped paying wages . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Check here, and
enter the final date you paid wages / / .
18 If you are a seasonal employer and you don't have to file a return for every quarter of the year . . . . . . . . . . . . . . . . . Check here.
Part 4: May we speak with your third-party designee?
Do you want to allow an employee, a paid tax preparer, or another person to discuss this return with the IRS? See the instructions for details.
Designee's name and phone number
Select a 5-digit Personal Identification Number (PIN) to use when talking to the IRS.
Part 5: Sign here. You MUST complete both pages of Form 941 and SIGN it.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
Sign your name here

James Gallagher

Print your name here James Gallagher
Print your title here President
Date 10/31/18
Best daytime phone 916-555-9739
Paid Preparer Use Only Check if you are self-employed . . . .
Preparer's name
PTIN
Preparer's signature
Date
/ /
Firm's name (or yours if self-employed)
EIN
Address
Phone
City
State
ZIP code
Page 2

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Clinical Audit In Physiotherapy From Theory Into Practice

Authors: Sue Barnard MSc MCSP, Gayle Hartigan

1st Edition

075063779X, 978-0750637794

More Books

Students also viewed these Accounting questions