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2014 4.3 Satisfied (60 Votes)
2011 4 Satisfied (50 Votes)
2017 5 Satisfied (23 Votes)
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To authorize a reporting agent to sign and file paper Forms 940 and 941 on the employers behalf, an employer must provide the IRS with a Form 2848, Power of Attorney and Declaration of Representative.
The fastest way to file Form 941 is through the federal e-File system. Business taxpayers can access e-File through most tax preparation software for small businesses.
You can minimize your tax liability by increasing retirement contributions, taking part in employer-sponsored plans, profiting from losses, and donating to charities.
Who Must File? File Schedule B if youre a semiweekly schedule depositor. Youre a semiweekly schedule depositor if you reported more than $50,000 of employment taxes in the lookback period or accumulated a tax liability of $100,000 or more on any given day in the current or prior calendar year.
Go to .irs.gov/Form941 for instructions and the latest information. Read the separate instructions before you complete Form 941. Type or print within the boxes.
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Schedule B is an IRS tax form that must be completed if a taxpayer receives interest income and/or ordinary dividends over the course of the year of more than $1,500. The schedule must accompany a taxpayers Form 1040. Taxpayers use information from Forms 1099-INT and 1099-DIV to complete Schedule B.