Keyword Analysis & Research: 941 form 2021 q2

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Frequently Asked Questions

What is the purpose of Form 941?

Definition: Federal form 941, also called a quarterly federal tax return, is an IRS return that employers use to report their FICA taxes paid and owed for the period. The IRS uses this form to calculate the amount of employer tax payments made during the year as well as the amount of taxes due at the end of the year.

Where to pay 941?

How do I pay 941 taxes? Payments are made electronically, via phone or Internet, through the Electronic Federal Tax Payment System, or EFTPS. Payments can be made at any time of day or night, and can also be scheduled in advance.

What is Internal Revenue Service Form 941?

Employers must file quarterly tax returns for their business. The Internal Revenue Service expects employers to file Form 941 to report wages paid, tips received, taxes withheld and submission of Social Security and Medicare taxes.

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