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 IRS Form 941?
A: Employers who have employees and withhold federal income tax, Social Security tax, or Medicare tax must file IRS Form 941.

Q: When is IRS Form 941 due?
A: IRS Form 941 is due by the last day of the month following the end of the quarter. For example, the first quarter return is due by April 30.

Q: What information do I need to complete IRS Form 941?
A: You will need information such as the number of employees, wages paid, and taxes withheld during the quarter.

Q: What happens if I don't file IRS Form 941?
A: Failure to file IRS Form 941 or filing an incomplete or incorrect form may result in penalties and interest.

Q: Can I file IRS Form 941 electronically?
A: Yes, you can choose to file IRS Form 941 electronically using the IRS e-file system.