is used to make reports on payroll taxes to the IRS. This article provides information on the for, how to fill it out, when to file it, and how and when to make payroll tax
IRS Form 941 is the Employer's Quarterly Federal Tax Form.
The 2013 version of Form 941 reflects several law changes at the beginning of 2013:
- The 2% increase in employee Social Security tax because the payroll tax program of 2011 and 2012 expired December 31, 2012, and
- The increase in Medicare taxes of 0.9% for higher income employees.
Form 941 for 2012 includes these changes:
- Form 941-2012 accounts for the 2% reduction in Social Security taxes for employees, because of the payroll tax cut.
- Other lines have been renumbered.
Describes payroll taxes - Social Security and Medicare - and how they are determined.
Form 941 is a little more complicated than some other IRS forms, but not difficult to complete if you gather all the information you need before you start, and just follow the instructions. With time, the process of completing Form 941 gets easier.
These are the filing dates for Form 941 - Employer's Quarterly Tax Return.
Understand the rules for making your payroll tax deposits.
Describes the method of making payroll tax deposits - at a bank or online.
How to use Form 941-x to correct a mistake on Form 941.
If you have only a few employees, you may not need to file Form 941 each quarter. Instead, you may be able to file only once a year using Form 944. Learn more about this option and whether you might qualify.
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