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 must file IRS Form 941.

Q: What information is required on IRS Form 941?
A: IRS Form 941 requires information about wages paid to employees, taxes withheld, and any tax deposits made.

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, for the first quarter (January to March), it is due by April 30th.

Q: Can IRS Form 941 be filed electronically?
A: Yes, IRS Form 941 can be filed electronically.

Q: What are the penalties for filing IRS Form 941 late?
A: Penalties may apply for late filing of IRS Form 941, including both failure-to-file and failure-to-pay penalties.

Q: Can I amend IRS Form 941 if I made an error?
A: Yes, you can amend IRS Form 941 if you made an error. Use Form 941-X, Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund, to make corrections.

Q: Do I need to keep a copy of IRS Form 941 for my records?
A: Yes, it is recommended to keep a copy of IRS Form 941 for your records.