Form 941

Form 941

A form a company files with the IRS each quarter to declare income and FICA taxes on its employees. The form lists federal income tax, Social Security and Medicare withholdings paid by both the employees and the employer.
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For 1993 and later, new deposit rules require that if the tax reported on form 941 for the "lookback" period is $50,000 or less, monthly deposits of the calendar month's taxes must be made by the 15th day of the following month.
Prepare Form 941 and e-File using Microsoft Word or Do It All Online
Amounts deferred that should have been taken into account in 1994 or 1995: If amounts were deferred or became vested in 1994 or 1995 and should have been reported for FICA purposes, an employer may treat them as paid for any period before April 1, 2000 by including them on the employer's regular Form 941, Employer's Quarterly Federal Tax Return, and paying the applicable FICA tax.
This year also marks the first time the IRS has allowed businesses to pay their balance due on their federal business taxes (Form 940 annual employment and Form 941 quarterly employment business taxes) using an American Express Card.
Small businesses with employment taxes that are less than $2,500 per quarter may pay the employment taxes when they file Form 941, "Employers Quarterly Federal Tax Return.
The Form 941 on-line project is projected to be available by April 2000 for filing the first quarter of 2000.
Nationally, businesses can file the IRS federal withholding tax Form 941, Employer's Quarterly Federal Tax Return.
1997), that a corporation that failed to deduct and withhold employment taxes was liable for the negligence penalty for its employment tax returns; an employer, although a collection agent, is nonetheless a "taxpayer," as to withholding taxes, and Form 941, Employer's Quarterly Federal Tax Return, is a return subject to the Sec.
Nationtax Online is the first company approved by the IRS to allow businesses to file a federal business tax, Form 941, via the Web.
In other words, it is possible to have hot interest on the Form 941, Employer's Quarterly Federal Tax Return, for the quarter ended Dec.
The IRS Form 941 tax service will remain available on the Nationtax site.