How Do You File A Business 941 Form?
Business Form 941 is used to report an employer’s quarterly taxes. If you are an employer and withhold federal, Medicare and social security taxes from your employees’ paychecks, you are most likely required to file Form 941. You can send in a paper copy of this form each quarter or apply to file electronically. Visit the Internal Revenue Service’s (IRS) website to print out Form 941 and its instruction booklet (see Resources below). Mark your calendar with the dates that Form 941 is due each quarter. Reports reflecting taxes paid for the first quarter are due on April 30 and on July 31 for the second quarter. Third quarter reports are due on October 31 and the fourth quarter must be submitted by January 31. Make sure your Employer Identification Number (EIN) is entered correctly on your form. Processing of your form can be delayed if your EIN is incorrect. Enter adjustments that must be made for the taxes paid on sick pay and insurance on line 7. Read the line-by-line directions to se
