How do I fill out a Form 941 to send with payment of the employers portion of FICA taxes?
Assurant Employee Benefits will send you periodic reports reflecting the taxable benefits paid and the applicable taxes withheld. To prepare your Form 941, include the applicable wages and taxes on lines 2, 5a, and 5c of Form 941 and after completing line 6, subtract on line 7b the employee Social Security and Medicare taxes withheld and deposited by Assurant Employee Benefits. Enter that amount in the Sick Pay space provided. By making the adjustment on line 7b, you will only pay the employer’s portion of Social Security and Medicare taxes. You should not include any Federal income taxes withheld from third party sick pay on your Form 941 because any Federal income taxes withheld have been reported by Assurant Employee Benefits.
