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.
References in periodicals archive ?
For Social Security, Medicare, and withheld income tax, file Form 941 for the second quarter of 2019.
Part 2 of Form 8974 determines the amount of the payroll tax credit on the Form 6765 that is credited against the taxpayer's payroll tax for the applicable quarter for which the Form 941, Employer's Quarterly Federal Tax Return, is filed.
In March 2006, after being notified by the IRS that it had no record of ever receiving a Form 941, Employer's Quarterly Federal Tax Return, for Emery PC for the first quarter of 1999, Emery PC filed one, showing a credit for employment tax deposits of $21,706 in deposits made seven years earlier, against employment taxes due of $21,885.
941 PR/SS/E, paper 18,636,400 Form 941, e-filelonline/XML 4,987,600 Forms 943.
If the issue is a misapplied payment (such as a Form 941 issue), an e-mail will trigger notification of a fix within two days.
has 245 employees, it must file Form 990 electronically because each Form W-2 and quarterly Form 941 is considered a separate return; therefore, the organization ...
For most employers this includes form 941 C, with a corrected 941 for each amended quarter.
- The latest Form 941 Employer's Quarterly Federal Tax Return
The Social Security and Medicare taxes from the employee-spouse would be reported on Form 941, Employer's Quarterly Federal Tax Return, and filed by the employee-spouse's employer.
Small businesses with employment tax deposits of less than $2,500 per quarter may pay them when they file Form 941, Employer's Quarterly Federal Tax Return.
For operating capital loans, lenders will typically want a monthly report of accounts payable and accounts receivable as well as copies of IRS Form 941 (payroll taxes) payments and quarterly 941 filings.