2013 941 ss form-2025

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We need it to figure and collect the right amount of tax. Subtitle C, Employment Taxes, of the Internal Revenue Code imposes employment taxes on wages and provides for income tax withholding. Form 941-SS is used to determine the amount of the taxes that you owe.
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.
If you file Form 941-SS electronically, you can e-file and use EFW to pay the balance due in a single step using tax preparation software or through a tax professional.
In general, employers who withhold federal income tax, social security or Medicare taxes must file Form 941, Employers Quarterly Federal Tax Return, each quarter.
If both an employer and a section 3504 authorized agent (or a CPEO or other third-party payer) paid wages to an employee during a quarter, both the employer and the section 3504 authorized agent (or CPEO or other third-party payer, if applicable) should file Form 941-SS reporting the wages each entity paid to the
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The social security tax rate is 6.2% each for the employee and employer. The social security wage base limit is $168,600. The Medicare tax rate is 1.45% each for the employee and employer, unchanged from 2023. There is no wage base limit for Medicare tax.
IRS Form 941, also known as the Employers Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security, and Medicare taxes withheld from their employees wages.
When you discover an error on a previously filed Form 941, you must: Correct that error using Form 941-X; File a separate Form 941-X for each Form 941 that youre correcting; and. Generally, file Form 941-X separately. Dont file Form 941-X with Form 941.

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