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What is a Federal Tax Form 941?

Form 941 is the form used by employers to report withholding amounts for federal income taxes and FICA taxes (Social Security and Medicare), employer payments for these withholding amounts, and any amounts due to the IRS. Form 941 includes quarterly calculations and reports: And any over- or under- payment.

What is a 941 tax return?

Key Takeaways IRS Form 941 is the Employer's Quarterly Tax Return. This form reports withholding of federal income taxes from employees' wages or salaries, as well as Medicare and Social Security withholdings (FICA taxes). Employers can use Form 941 to calculate how much they must contribute to their employees' Medicare and Social Security taxes. More items...

What is a federal 941 form?

What is Form 941 - Employer's Quarterly Federal Tax Form. Form 941 is the form used by employers to report withholding amounts for federal income taxes and FICA taxes (Social Security and Medicare), employer payments for these withholding amounts, and any amounts due to the IRS.


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