Form 941

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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 ?

The PEO achieves economies of scale by offering this service to many employers and aggregating the payroll taxes onto single Forms 941 and 940.

Recent legislation creates professional employer organization status

Using the laser printing option, forms 941, 943, 945, 940, 940EZ, 1099, 1098, 5498, W-2, and federal and state quarterly reporting forms can be generated on blank paper.

Wage and Income Reporting Software

Forms 941 and W-2 will require employers to separately report these amounts.

Employer's burden: reporting tax on tip income

We are aware of the problem of reconciling third-party sick pay amounts reported on Forms 941 with wages reported on W-2s and W-3s.

IRS forms, schedules, and instructions - TEI comments and IRS response

• How to reconcile the Forms 941 with the Forms W2

Fundamental Aspects and Compliance of Form 941

Fouche also hired a third-party payroll service to prepare City Wide's Forms 941, Employer's Quarterly Federal Tax Return, for the quarters June 1997; December 1998; March 31, June 30, and Dec.

Statute of limitation tolled by fraudulent tax returns

Only 23% of Forms 941 are e-filed, and the e-filing rate for other employment tax returns is even lower.

IRS Oversight Board says 80% e-file goal will not be met

Similarly, the process is expedited if all one needs are several quarters' worth of Forms 941, Employer's Quarterly Federal Tax Return.

Do e-services work?

Fiduciary Income Tax Return) to look more like Form 1099); (2) redesigning Form 941, Employer's Quarterly Federal Tax Return, to a two-page scannable form; (3) eliminating quarterly Forms 941 in favor of an annual return, for certain small businesses; and (4) reducing the number of extension forms from 11 to four, creating a uniform six-month extension period for all extensions and centralizing submission sites.