IRS Form 941 is the Employer's Quarterly Federal Tax Return. It is used to report the federal income you've paid, as well as the Social Security and Medicare taxes both your business and your employees' have paid. Almost every non-agricultural, non-household employer is required to file Form 941. You're only exempt if you have an annual tax liability of less than $1,000 a year. You're required to file Form 941 quarterly, and make regular deposits if your tax liability is more than $2,500 per year.
Some videos that relate to Form 941
 Payroll Definitions
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