Using Form 941 to Pay Quarterly Payroll Taxes Businesses that pay wages to employees must file Form 941 quarterly. Here's what you need to know.

Form 941 is used to report income taxes, payroll taxes, Social Security, and Medicare taxes withheld from employee wages. Most employers who pay wages file Form 941.

If you have employees, you must file Form 941 to report any federal withholdings. This form determines your payroll tax liability for the quarter. Let's look at what information is required on ...

March 31, 2023, marks the end of the first quarter of the 2023 tax year. This means that the majority of employers will be required to file their quarterly payroll Form 941 with the IRS.

marks the end of the second quarter of the 2023 tax year. For the majority of businesses with paid employees, this means their quarterly deadline to file payroll Form 941 is right around the corner.

In summary, while both Form 940 and Form 941 relate to payroll taxes, they are different in terms of the taxes reported, the frequency of filing, and the deadlines for filing.

Today is the IRS deadline for filing Form 941 for Q2 2024. For employers, it is crucial to file 941 forms on time and report withheld federal income taxes, Social Security, and Medicare taxes from ...

In addition to Form 941, employers may also need to file other forms related to payroll taxes, such as Form W-2 and Form W-3.

IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security taxes, and Medicare taxes withheld from ...