The IRS Form 941 is an employer's quarterly federal tax return that must be filed four times a year by any business that pays employees. It reports the total tax withheld from employee paychecks for each quarter. Employers are responsible for withholding taxes and must file a Form 941 for each quarter by the deadline, which is always the last day of the month following the quarter, even if there were no employees for some quarters.

1. What is the IRS Form 941?

2. What is the IRS Form 941?
If you operate a business and have
employees working for you, then
you need to file IRS Form 941,
Employer’s Quarterly Federal Tax
Return, four times per year.

3. What is the IRS Form 941?
As an employer, you are responsible for
withholding federal income tax and other
payroll taxes from each employee’s
paycheck and remitting it to the IRS. Each
Form 941 you file reports the total amount
of tax you withheld during the quarter.

4. Who must file Form 941
Generally, any person or business that
pays wages to an employee must file a
Form 941 each quarter, and must continue
to do so even if there are no employees
during some of the quarters.

5. Who must file Form 941
The only exceptions to this filing requirement
are for seasonal employers who don’t pay
employee wages during one or more
quarters, employers of household employees
and employers of farm employees.

6. Click Here For
IRS Form 941

7. Completing Form 941
Every time you prepare a Form 941 for the
quarter, you must report the number of
employees you have, the total wages you paid
and the amount of taxes you withheld to arrive at
the amount you must send to the IRS.

8. Completing Form 941
Before starting the return, you need
your payroll records plus
documentation for any taxable tips
your employees report to you.

9. Form 941 filing deadlines
Since you must file a separate
form for each quarter, the IRS
imposes four filing deadlines that
you must adhere to.

10. Form 941 filing deadlines
Just remember that the filing deadline
always falls on the last day of the
month following the end of the
quarter. This gives you one month to
prepare the form before submitting it
to the IRS.

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