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 are the deadlines for filing IRS Form 941?
A: The deadlines for filing IRS Form 941 are the last day of the month following the end of each quarter (April 30, July 31, October 31, and January 31).

Q: What information is required on IRS Form 941?
A: IRS Form 941 requires information on the number of employees, wages paid, and taxes withheld.

Q: What taxes are reported on IRS Form 941?
A: IRS Form 941 reports federal incometax withholding, Social Security tax, and Medicare tax.

Q: What happens if I don't file IRS Form 941?
A: Failure to file IRS Form 941 can result in penalties and interest.

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

Q: Do I need to keep a copy of IRS Form 941?
A: Yes, you should keep a copy of IRS Form 941 for your records.

Q: Can I amend IRS Form 941?
A: Yes, you can amend IRS Form 941 by filing Form 941-X.