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 withhold federal income tax, Social Security tax, or Medicare tax from employees' wages must file IRS Form 941.

Q: How often does IRS Form 941 need to be filed?
A: IRS Form 941 needs to be filed quarterly, four times a year.

Q: What information is required on IRS Form 941?
A: IRS Form 941 requires information about the total number of employees, wages paid, income tax withheld, and Social Security and Medicare taxes withheld.

Q: How can IRS Form 941 be filed?
A: IRS Form 941 can be filed electronically or by mail.

Q: What is the deadline for filing IRS Form 941?
A: The deadline for filing IRS Form 941 is the last day of the month following the end of the quarter. For example, the deadline for the first quarter (January-March) is April 30th.

Q: Are there any penalties for late filing of IRS Form 941?
A: Yes, there are penalties for late filing of IRS Form 941, so it's important to file on time.