Inst 941 (Schedule B)

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Inst 941 (Schedule B)

A form published by the IRS stating the instructions for Form 941 (Schedule B), which a company files to list its payroll tax liability for each day of a quarter. A company is required to file Form 941 if it is a semi-weekly depositor with more than $50,000 in payroll taxes during the lookback period or more than $100,000 on any day in the present or most recent calendar year.