941 v 2001 form-2025

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Generally, you must file Form 941, Employers Quarterly Federal Tax Return or Form 944, Employers Annual Federal Tax Return to report wages youve paid and tips your employees have reported to you, as well as employment taxes (federal income tax withheld, Social Security and Medicare taxes withheld, and your share of
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.
Department of the Treasury Internal Revenue Service; Ogden, UT 84201-0005this address is used for any business that wishes to file without a payment attached. Internal Revenue Service PO Box 37941; Hartford, CT 06176-7941this address is for businesses that wish to include a payment with their 941 tax form.
If you fail to File your Form 941 by the deadline: The penalty for Failure to File 941 is based on how late you file your return and the amount of unpaid tax as of the original payment due date. Your business will incur a penalty of 5% of the total tax amount due.
Even LLCs with no employees or those who havent paid wages during the quarter are required by the IRS to report zero taxes on Form 941.
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On lines 5a and 5b, you must multiply taxable Social Security wages (5a) and taxable Social Security tips (5b) by 0.124. The decimal represents the rate of Social Security tax on taxable wages. Both you and your employee must contribute 6.2% each paycheck for Social Security.
Use Form 941-V when making any payment with Form 941. However, if you pay an amount with Form 941 that should have been deposited, you may be subject to a penalty. See Deposit Penalties in section 11 of Pub.
In general, employers who withhold federal income tax, social security or Medicare taxes must file Form 941, Employers Quarterly Federal Tax Return, each quarter. This includes withholding on sick pay and supplemental unemployment benefits.

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