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

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

This document contains official instructions for IRS Form 941 Schedule B, Report of Tax Liability for Semiweekly Schedule Depositors - 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 Schedule B?
A: IRS Form 941 Schedule B is a report of tax liability for semiweekly schedule depositors.

Q: Who needs to file IRS Form 941 Schedule B?
A: Semiweekly schedule depositors, who are employers that withhold $100,000 or more in taxes during a payroll period, are required to file IRS Form 941 Schedule B.

Q: What is the purpose of filing IRS Form 941 Schedule B?
A: The purpose of filing IRS Form 941 Schedule B is to report the employer's tax liability for each payroll period.

Q: When is IRS Form 941 Schedule B due?
A: IRS Form 941 Schedule B is typically due by the same deadline as IRS Form 941, which is the last day of the month following the end of the quarter.