reporting payroll on 941 for January

[oceanlovin'ea]

had a client who wrote first payroll check in January for the old amount. Then did the rest for the new amount.

How much do I remit through EFTPS for her paryoll deposit? Do I send in the actual amounts? Or the correct amounts?

Wonder if new 941 will have a space to adjust for this.

Linda, EA

[JG EA]

You can correct the 2% (leave the withholding alone if you want to) with payroll advance/return advance. Then the next payroll check reverse the adustment.

[AJsTax]

you must correct

the employees' amount by March and refund to them any amount that was for the old 6.2%. The instructions are clear on this point. On the 1st quarter 2011 941 will only be for the correct amounts.