Form 941 is the Employer's Quarterly Federal Tax Return. It is a form used by employers to report income taxes, Social Security tax, and Medicare tax withheld from employee paychecks, as well as to pay the employer's portion of Social Security and Medicare taxes.
Employers must file Form 941 quarterly to report these taxes to the Internal Revenue Service (IRS). The form also includes information about the number of employees, wages paid, and tax liability for the quarter. Form 941 is used to reconcile the taxes withheld and paid by the employer with the total tax liability for the quarter.
Form 941 is typically due by the last day of the month following the end of the quarter (April 30, July 31, October 31, and January 31). Employers who fail to file Form 941 or pay the taxes owed on time may be subject to penalties and interest.
In this section:
941 Report, 2nd Quarter 2020 Updates
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How do I submit the 941 quarterly report?
What is Form 941 - Schedule B?
What is line 1 on the 941 Report?
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