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IRS 941 Form

Having employees puts requirements on a business, and one of the most important is making sure you get your IRS 941 form filed on time each quarter.  This is a form that’s due four times a year if you have a business that has employees.  The requirements include making any 941 deposits deemed necessary by […]

941 Deposit vs. Payment

IRS Deposit vs. Payment The 941 deposit is an amount sent to the IRS that is equal to the amount thought to the owed on employee taxes.  A deposit is accepted by the IRS but the IRS does not own that money yet.  A 941 deposit is returnable but a payment is not.  A 941 […]

IRS Form 941 Instructions

The IRS From 941 instructions state that employers are required to withhold taxes from your employees’ paychecks.  Every paycheck must have withholding amounts taken out, which is then credited to that employee’s tax account.  Employers must also pay liability for their share of the Social Security and Medicare taxes.  This part is not withheld, but […]