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03 2 c of this will remain in effect until a new Service. c the Service will not accept Forms 941 filed electronically by an Agent after December 31 1996 unless the Service has received an Authorization on Form 8655 with a revision date of October 1995 or later or its equivalent that expressly permits the Agent to file tax returns electronically on behalf of the taxpayer. I estimate that I will be submitting XXX number of returns. I expect to use...
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What is form 941?
Form 941 is a quarterly tax form used by employers to report wages paid, tips received, and employment taxes withheld from employees' paychecks.
Who is required to file form 941?
Employers who have employees and withhold federal income tax, Social Security tax, or Medicare tax from their employees' wages are required to file form 941.
How to fill out form 941?
To fill out form 941, you need to provide your business information, wages paid to employees, tips received, and details about employment taxes withheld during the quarter. The form can be completed either manually or electronically.
What is the purpose of form 941?
The purpose of form 941 is to report employment taxes to the Internal Revenue Service (IRS). It ensures that employers are properly withholding and paying their share of taxes on behalf of their employees.
What information must be reported on form 941?
Form 941 requires employers to report their total number of employees, wages paid, tips received, federal income tax withheld, Social Security tax withheld, Medicare tax withheld, and any adjustments or credits.
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