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  • 1.  W2 vs 941

    Posted 12-14-2021 11:20
    Client got a notice from the IRS that her W3 SS taxable wages differed from her 941 SS taxable wages by about 40K.  She has run through comparing the details on the quarterly report for YTD 4th qtr 2020 vs the filed W2s and can't find a difference between any employees.

    YIKES!  I thought those two would pull their info from the same files.  Anyone have an explanation for this?

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    Beth Bowers
    Mom to Samson, Peanut, ChiChi, Canton, Cagney and Daisy (NO Oxford comma - shriek!)
    Tennessee Software Solutions
    269-445-1625
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  • 2.  RE: W2 vs 941

    Posted 12-14-2021 11:25
    Might it be related to COVID pay?

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    Michelle Taylor
    ERP Consulting Manager, CS3 Technology
    918-388-9772
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  • 3.  RE: W2 vs 941

    Posted 12-14-2021 12:38
    That was my first thought, but they apparently only had 13K of COVID pay and the diff is 44K.

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    Beth Bowers
    Mom to Samson, Peanut, ChiChi, Canton, Cagney and Daisy (NO Oxford comma - shriek!)
    Tennessee Software Solutions
    269-445-1625
    ------------------------------

    Original Message


  • 4.  RE: W2 vs 941

    Posted 12-14-2021 12:39
    Any FICA deferral?

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    Doug Higgs
    Midwest Commerce Solutions, Inc
    (312) 315-0960
    Chauffeur, Chef, and Personal Assistant to Sprinkles
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    Original Message


  • 5.  RE: W2 vs 941

    Posted 12-14-2021 12:46
    It's the wages, not the withheld amount.  And the amount isn't enough to be a quarter.

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    Beth Bowers
    Mom to Samson, Peanut, ChiChi, Canton, Cagney and Daisy (NO Oxford comma - shriek!)
    Tennessee Software Solutions
    269-445-1625
    ------------------------------

    Original Message


  • 6.  RE: W2 vs 941

    Posted 12-14-2021 12:58
    My understanding is if there was a fica deferral and then the employee is terminated the deferral amount needs to be included in wages / w-2.

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    Doug Higgs
    Midwest Commerce Solutions, Inc
    (312) 315-0960
    Chauffeur, Chef, and Personal Assistant to Sprinkles
    ------------------------------

    Original Message


  • 7.  RE: W2 vs 941

    Posted 12-14-2021 13:29
    Done of that happened, either.  Can anyone confirm which files are used for W2s vs 941s ?

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    Beth Bowers
    Mom to Samson, Peanut, ChiChi, Canton, Cagney and Daisy (NO Oxford comma - shriek!)
    Tennessee Software Solutions
    269-445-1625
    ------------------------------

    Original Message


  • 8.  RE: W2 vs 941

    Posted 12-14-2021 12:39
    Old CPA habits die hard for me.  I highly recommend to my PR clients that they reconcile their 941's to the W-3/2 totals BEFORE they send in the W-2's.  Heads off gotcha emails like this.

    Do the FEDS provide what quarterly numbers they used?  Perhaps they are missing a quarterly report?

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    Jeff Schwenk
    FORMER 90M Board Member -140,000,000 is a TERRIBLE thing to waste!!!
    Bottomline Software, Inc.
    Waynesboro VA
    540-221-4444
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    Original Message


  • 9.  RE: W2 vs 941

    Posted 12-14-2021 13:10
    Would it help to run a report showing wages by earnings code to see if a specific earnings code matches the OOB amount?  
    Then start digging into the tax rules?  Maybe a tax rule was changed mid year?
    N

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    Nancy Hanson
    Blytheco LLC
    Eagan MN
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  • 10.  RE: W2 vs 941

    Posted 12-15-2021 09:14
    It looks as if Sage Payroll 2.22 is about to release. The what's new and bug fix details are listed online 


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    Wayne Schulz
    Schulz Consulting
    860-516-8990
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