Form 941 - Information on IRS Form 941

Form 941 is used to make reports on payroll taxes to the IRS. This article provides information on the for, how to fill it out, when to file it, and how and when to make payroll tax deposits.

1. What is IRS Form 941?

IRS Form 941 is the Employer's Quarterly Federal Tax Form.

2. What are Payroll Taxes? How are These Taxes Determined?

Describes payroll taxes - Social Security and Medicare - and how they are determined.

3. How Do I Complete Form 941?

Form 941 is a little more complicated than some other IRS forms, but not difficult to complete if you gather all the information you need before you start, and just follow the instructions.  With time, the process of completing Form 941 gets easier. 

4. When Do I File Form 941?

These are the filing dates for Form 941 - Employer's Quarterly Tax Return.

5. How Does the HIRE Act Tax Credit Affect Reporting on Form 941?

If you hire eligible employees under thie HIRE Act for 2010, you may be able to receive a tax credit in the amount of your Social Security portion of the FICA tax for the year.  Read more about how to complete Form 941 to show this credit.

6. When Do I Make Federal Payroll Tax Deposits?

Understand the rules for making your payroll tax deposits.

7. How Can I Make Federal Payroll Tax Deposits?

Describes the method of making payroll tax deposits - at a bank or online.

8. What if I Make a Mistake on Form 941?

How to use Form 941-x to correct a mistake on Form 941.