Instructions for IRS Form 941 Employer's Quarterly Federal Tax Return

IRS Form 941 Schedule B Report of Tax Liability for Semiweekly Schedule Depositors

This document contains official instructions for IRS Form 941 , Employer's Quarterly Federal Tax Return - a tax form released and collected by the Internal Revenue Service (IRS), a subdivision of the U.S. Department of the Treasury. An up-to-date fillable IRS Form 941 Schedule B is available for download through this link.

FAQ

Q: What is IRS Form 941?
A: IRS Form 941 is the Employer's Quarterly Federal Tax Return.

Q: Who needs to file Form 941?
A: Most employers who pay wages subject to income tax withholding, social security tax, or Medicare tax must file Form 941.

Q: When is Form 941 due?
A: Form 941 is typically due by the last day of the month following the end of the quarter, which are the months of April, July, October, and January.

Q: What information is required on Form 941?
A: Form 941 requires information about the number of employees, wages paid, taxes withheld, and any adjustments or credits.

Q: What happens if I don't file Form 941?
A: Failure to file Form 941 or to pay the required taxes can result in penalties and interest.

Q: Can Form 941 be filed electronically?
A: Yes, Form 941 can be filed electronically using the IRS e-file system or through an authorized payroll service provider.

Q: Do I need to send a copy of Form 941 to my employees?
A: No, you do not need to send a copy of Form 941 to your employees. It is for IRS reporting purposes only.

Q: Can I amend a previously filed Form 941?
A: Yes, you can file Form 941-X to amend a previously filed Form 941 if you need to correct any errors or make adjustments.