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Employers use Form 941 to: Report income taxes, Social Security tax, or Medicare tax withheld from employees paychecks. Pay the employers portion of Social Security or Medicare tax.
Form 941 is a tax report due on a quarterly basis. The typical quarterly due date for the form is 30 days following the end of each calendar quarter as follows: April 30, July 31, October 31, and January 31. However, if the due date falls on a weekend or a federal holiday, the due date is the next business day.
Form 941 is used to determine the amount of taxes that you owe. Section 6011 requires you to provide the requested information if the tax is applicable to you. Section 6109 requires you to provide your identification number.
If you fail to File your Form 941 or Form 944 by the deadline: Your business will incur a penalty of 5% of the total tax amount due. You will continue to be charged an additional 5% each month the return is not submitted to the IRS up to 5 months.
Who must file Form 941. Generally, any person or business that pays wages to an employee must file a Form 941 each quarter, and must continue to do so even if there are no employees during some of the quarters.
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Employers use Form 941 to: Report income taxes, Social Security tax, or Medicare tax withheld from employees paychecks. Pay the employers portion of Social Security or Medicare tax.
Do I Have to File Form 941 If No Wages Were Paid? Most employers need to file Form 941 even if no wages were paid. However, there are a few exceptions, including employers of seasonal employees, household employees, or farm employees. However, other IRS forms may be required.
Who must file Form 941. Generally, any person or business that pays wages to an employee must file a Form 941 each quarter, and must continue to do so even if there are no employees during some of the quarters.

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