Get the free 941 for 2015: Form (Rev - irs

941 for 2015: Form (Rev. January 2015) Employer s QUARTERLY Federal Tax Return 950114 OMB No. 1545-0029 Department of the Treasury Internal Revenue Service Report for this Quarter of 2015 Employer

How to fill out 941 for 2015 form

How to fill out 941 for 2015 form:

Gather all necessary information:

1. Employer identification number (EIN)
2. Business name, address, and contact information
3. Employee records including names, social security numbers, and wages

Fill out the top section of Form 941:

1. Enter the reporting quarter and your business information
2. Include the total number of employees and the wages subject to social security and Medicare taxes

Report wages, tips, and other compensation:

1. Indicate the total wages paid to employees during the quarter
2. Separate the taxable social security and Medicare wages from other compensation
3. Calculate 6.2% of the total social security taxable wages and enter the amount
4. Calculate 1.45% of the total Medicare taxable wages and enter the amount

Determine the employee's share of social security and Medicare taxes:

1. Calculate 6.2% of the employee's social security taxable wages and enter the amount
2. Calculate 1.45% of the employee's Medicare taxable wages and enter the amount

Calculate and report any adjustments:

1. Include any adjustments for tips and allocated tips
2. Report any sick pay or group-term life insurance

Determine the total taxes owed:

1. Subtract the employee's share of social security and Medicare taxes from the employer's share
2. Enter the result as the total taxes due for the quarter

Report any deposits made:

If you have already made federal tax deposits, enter the total amount

Calculate the balance due or overpayment:

1. Subtract the total deposits from the total taxes due
2. If there is an overpayment, you can request a refund or apply it to future taxes

Sign and date the form:

The form must be signed by an authorized person

Who needs 941 for 2015 form:

1. Employers who have paid wages to employees, regardless of whether they have withheld income tax, social security tax, or Medicare tax in 2015, need to fill out Form 941. This form is used to report employment taxes to the Internal Revenue Service (IRS) on a quarterly basis.
2. Businesses with employees are required to file Form 941 if they have paid wages totaling $2,000 or more in any calendar quarter or have any federal income tax, social security tax, or Medicare tax withheld. It is crucial for employers to accurately report their employment taxes to ensure compliance with IRS regulations and to avoid penalties.

For pdfFiller’s FAQs

What is 941 for form rev?

Form 941 is the Employer's Quarterly Federal Tax Return, used by employers to report income taxes, social security tax, or Medicare tax withheld from employee's paychecks.

Who is required to file 941 for form rev?

Employers who have employees must file Form 941 to report wages paid and taxes withheld.

How to fill out 941 for form rev?

Form 941 can be filled out manually or electronically. Employers need to provide information on wages paid, taxes withheld, and other relevant details.

What is the purpose of 941 for form rev?

The purpose of Form 941 is to report employment taxes to the IRS, including federal income tax withholding, Social Security tax, and Medicare tax.

What information must be reported on 941 for form rev?

Employers must report wages paid, tips received, federal income tax withheld, employer and employee Social Security and Medicare taxes, and any adjustments.

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