turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How to credit refund due on 1041 to Employee Social Security Tax

Our company is due a refund on its quarterly 1041 based on 1099OID income, and we were wondering how to use this refund as payment for an employee's social security tax on the company's quarterly 941. Can this be done where the company's refund is simply credited towards the company's social security tax for that quarter without making any further payments? If so, then what would be the filing procedure?

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

How to credit refund due on 1041 to Employee Social Security Tax

A refund on the 1041 INCOME  tax return cannot be applied to the 941 PAYROLL  tax system since they do not communicate with each  other.  

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies