you need to seek the help of a tax professional. the .124 of taxable wages includes the employers and employees share of SS taxes as does the .029 for medicare. depending on the total amount (line 12) you may have been required to make monthly or even more frequent payments. you need to file 941's quarterly even if all the lines are $0 until you inform the IRS you will no longer be paying wages. at the end of the year you need to prepare W-2's and a W-3.
failure to file and/or failure to timely pay will subject you to penalties and interest.
