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If my payroll processor files my 940 and 941 for me, do I need to include anything in my federal and state return? I am an LLC filing as sole proprietor.

First year with an employee. I use Gusto for payroll processing and they already took care of my 940 and 941. I am not seeing anything in Turbo Tax Self-Employed to acknowledge my employee. Do I not need to include any of that information?
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DavidD66
Expert Alumni

If my payroll processor files my 940 and 941 for me, do I need to include anything in my federal and state return? I am an LLC filing as sole proprietor.

The only thing you need to file on your Schedule C related to your employee are the expenses related to that employee.  You should be deducting your employees, wages, the employer share of social security and Medicare, and federal and state unemployment insurance.  And what ever you pay Gusto.  Everything else should be taken care of by Gusto. 

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2 Replies
DavidD66
Expert Alumni

If my payroll processor files my 940 and 941 for me, do I need to include anything in my federal and state return? I am an LLC filing as sole proprietor.

The only thing you need to file on your Schedule C related to your employee are the expenses related to that employee.  You should be deducting your employees, wages, the employer share of social security and Medicare, and federal and state unemployment insurance.  And what ever you pay Gusto.  Everything else should be taken care of by Gusto. 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

If my payroll processor files my 940 and 941 for me, do I need to include anything in my federal and state return? I am an LLC filing as sole proprietor.

That makes sense! Thank you so much @DavidD66 !

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