IRS 941 2014 free printable template

Cat. No. 17001Z Form 941 Rev. 1-2014 Part 2 Tell us about your deposit schedule and tax liability for this quarter. 941 for 2014 Form Rev. January 2014 Employer s QUARTERLY Federal Tax Return 950114 OMB No. 1545-0029 Department of the Treasury Internal Revenue Service Report for this Quarter of 2014 Employer identification number EIN Check one. 1 January February March Name not your trade name 2 April May June Trade name if any 3 July August September 4 October November December Address...

How to fill out 2014 941 form

How to fill out 2014 941 form:

1. Obtain the 2014 941 form from the Internal Revenue Service (IRS) website or local IRS office.
2. Begin by entering your business information, including your name, address, and employer identification number (EIN).
3. Fill in the appropriate tax period for which you are filing the form. In this case, it would be for the year 2014.
4. Report the total number of employees you had during the quarter by filling in the corresponding boxes in Part 1.
5. Calculate the total wages, tips, and other compensation paid to your employees during the quarter and enter the amount in line 2.
6. Determine the total income tax withheld from your employees' paychecks during the quarter and report the amount in line 3.
7. If you are eligible for any tax credits, such as the COBRA premium assistance credit, fill in the appropriate information in Part 2.
8. Calculate the total taxes owed by adding the amounts from lines 2 and 3 and subtracting any tax credits (if applicable). Enter the result in line 10.
9. If you made any federal tax deposits during the quarter, report the total deposits made in line 12.
10. Complete the signature section at the bottom of the form and ensure it is signed and dated by an authorized person.
11. Keep a copy of the completed form for your records and submit the original to the IRS by the designated deadline.

Who needs 2014 941 form:

1. Employers who pay wages to employees in the United States are required to file Form 941.
2. This includes businesses of all sizes, including sole proprietors, partnerships, corporations, non-profit organizations, and government entities.
3. The form is used to report quarterly payroll taxes, including income tax withheld from employees' paychecks and the employer's share of Social Security and Medicare taxes.

• What is Form 941 2014?
• Who should file Form 941 2014?
• • What information do I need to file 941 form 2014?
  • How do I file form 941 in 2015?
  • Is IRS form 941 accompanied by other forms?
  • When is the 941 form 2014 due?
  • Where do I send the 941 form 2014 after its completion?

What is Form 941 2014?

The Employer's Quarterly Federal Tax Return is required to file the withheld taxes from the employer's wages to his employee. These taxes include federal income, social security, and Medicare taxes.

Who should file Form 941 2014?

This document is used by employers to report income taxes, social security tax, and Medicare tax withheld from employees' wages. The second part of the template is the Payment Voucher which must be completed if the employer makes a payment with this record. This record should not be used to report income tax withholding on pensions, annuities, or gambling winnings.

There are a few types of businesses that are not required to submit 941s:

• Companies that hire only farmworkers
• People who hire household employees
• Seasonal businesses for quarters when they do not hire people

What information do I need to file 941 form 2014?

The document requires the following details:

• Employer Identification Number
• Employer's name
• Trade name
• Address
• Reporting quarter (check the appropriate box)

Furthermore, the employer must answer all the questions and provide the required details and figures: number of employees, wages, tips, other compensation, deposit schedule, and tax liability. The employer also should make some calculations following the instructions provided.

The document should be dated and signed by the authorized person.

How do I file form 941 in 2015?

You can complete the record in less than an hour if you fill it out online with our robust PDF editor – pdfFiller. Follow the guidelines below to prepare the document faster:

1. Select Get Form and wait for the editor to establish a secure connection.
2. Indicate your Employer Identification Number, name, trade name, and address at the top of the template.
3. Click the checkbox in the top-right corner of the first page to choose the reported quarter.
4. Answer the questions in Part I-IV.
5. Make sure you have provided your name and EIN at the top of each page.
6. Click the Signature field to sign the document; add dates and your name.
7. Go to page 5 and fill out the voucher.
8. Select Done to close the editor and export your record in a suitable format.

Is IRS form 941 accompanied by other forms?

This document must be accompanied by 941-V, which is attached to the template. If a filer deposits their payroll taxes on a semi-weekly schedule, they must also attach Schedule B.

When is the 941 form 2014 due?

The record must be submitted quarterly (for every three months of the 2014 year). There are four deadlines:

• April 30 for the first quarter (January-March)
• July 31 for the second quarter (April-June)
• October 31 for the third quarter (July-September)
• January 31 for the fourth quarter (October-December)

Where do I send the 941 form 2014 after its completion?

The address of the Internal Revenue Service depends on your state. Check the list on the IRS website to find the office that is responsible for checking your records.

Instructions and Help about 2014 941 form

Form 941 or the employer's quarterly federal tax return is used by employers to report federal tax withholding amounts for estimated income tax payments employer payments and FICA taxes more commonly known as social security and medicare you must file form 941 unless you are a seasonal employer have farm employees employ a household employee or already filed a final return you can either download your copy from the IRS website or get the current revision of the 941 form that you can edit and sign electronically at pdffiller.com take note the IRS revised the 2020 version of form 941 to also include coronavirus related employment tax credits and tax relief information form 941 has five parts and three pages to complete start by providing the employer identification number your full name trade name and registration address [Music] indicate the quarter for which you're filling the form out in the box on the right in part one of the form you have to provide information on employees wages tips income tax withheld during the pay period and so on make sure to provide numbers only for the quarter that the filing covers use lines 5a through 5d to multiply the figures by the correct indexes established for the current tax year if there are no wages tips or other compensations skip ahead to line 6. There are no calculation boxes for lines 6 through 15, so you have to prepare all the related forms and reports for precise calculations before you proceed to line 11d indicate your name and employer identification number at the top of page 2. Lines 11d through 15 indicate whether the employer owes taxes balanced to or has overpaid employment taxes any overpayment can be applied toward the next quarter or received as a refund choose the appropriate option and take the respective box in line 15. In part 2 check one of the boxes that match your tax situation if you check box 2 you should provide additional figures on your tax liability for the quarter and make sure that it's equal to line 12 of part 1. Indicate your name and employer identification number at the top of page 3. In part 3 give details about your business provide information on whether the business has closed or stopped paying wages whether the business is a seasonal employer etc in part four you as employer can choose to designate an employee a paid tax preparer or a certified public accountant to speak with the IRS regarding the return provide the designee's name phone number and a self-selected five-digit personal identification number, so the IRS can confirm the person's identity in part five indicate your name title and daytime phone number and sign and date your form you can do this directly in the PDF filler editor if you hired someone to help you complete form 941 they fill out their information in the paid preparer section you can save the resulting document to your device print it out or email it to your recipient in one click good luck and don't forget to submit your form 941 before the due...

What is 941 form?

More In Forms and Instructions Employers use Form 941 to: Report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks. Pay the employer's portion of Social Security or Medicare tax.Oct 29, 2020

People Also Ask about 2014 941 form

Can I file 941 for previous years?

You can file form 941 for previous years at no additional cost. Filing for the current tax year (2023) or a previous tax years (2022, 2021 & 2020) costs the same.

Can you get 941 transcript online?

This transcript is available for the current and nine prior tax years through Get Transcript Online, and the current and three prior tax years through Get Transcript by Mail or by calling 800-908-9946.

How do I get a copy of my 941 from the IRS?

Call 800-829-3676.

How do I get a copy of my past 941?

Call 800-829-3676.

What is the statute of limitations for form 941 refund?

Generally, this form must be filed by the later of: 3 years from the date you filed your original return, or 2 years from the date you paid the tax. All quarterly Forms 941 filed for a calendar year are considered filed on April 15th of the following year if they are actually filed before that date.

For pdfFiller’s FAQs

What is 941 form?

The 941 form is an IRS tax form, officially called the Employer's Quarterly Federal Tax Return. It is used to report federal income taxes, Social Security taxes, and Medicare taxes withheld from employee wages. It is also used to report the employer's share of Social Security and Medicare taxes.

Who is required to file 941 form?

The Form 941 is an employment tax return that is used to report taxes withheld from employees' wages and to pay employer's share of Social Security and Medicare taxes. Employers with employees are required to file Form 941 every quarter.

How to fill out 941 form?

1. Enter the employer’s name, address, and EIN: Enter the name, address, and Employer Identification Number (EIN) of the employer in the appropriate boxes. 2. Enter the year and quarter: Enter the year and quarter of the return in the designated boxes. 3. Enter the wages, tips, and other compensation: Enter the total amount of wages, tips, and other compensation paid to employees during the quarter in the appropriate boxes. 4. Enter the income tax withheld: Enter the total amount of income tax withheld from employees during the quarter in the appropriate boxes. 5. Enter the employer and employee Social Security and Medicare taxes: Enter the total amount of Social Security and Medicare taxes paid by both the employer and employees in the appropriate boxes. 6. Enter the total taxes due: Enter the total amount of taxes due for the quarter in the appropriate box. 7. Sign and date the form: Sign and date the form in the designated boxes.

When is the deadline to file 941 form in 2023?

The deadline for filing Form 941 in 2023 is April 30, 2024.

What is the purpose of 941 form?

The purpose of the IRS Form 941, also known as the Employer's Quarterly Federal Tax Return, is to report the wages, tips, and other compensation paid to employees, as well as the federal income tax withheld, Social Security tax, and Medicare tax owed by the employer. The form is used by employers to report these taxes on a quarterly basis to the Internal Revenue Service (IRS).

What information must be reported on 941 form?

The 941 form, also known as the Employer's Quarterly Federal Tax Return, must report the following information: 1. Total number of employees, including all full-time, part-time, and seasonal employees. 2. Wages, tips, and other compensation paid to employees during the quarter. 3. Federal income tax withholding from employee wages. 4. Both the employer and employee portions of Social Security and Medicare taxes. 5. Adjustments to Social Security and Medicare taxes from tips and group-term life insurance. 6. Additional Medicare tax withheld from high-income employees (if applicable). 7. Total taxes due on wages, tips, and other compensation. 8. Any advance earned income credit payments made to employees. 9. Total deposits of withheld federal income tax, Social Security tax, and Medicare tax for the quarter. 10. Employer's share of Social Security and Medicare taxes (Does not include the employee portion). 11. Qualified small business payroll tax credit for increasing research activities. 12. Adjustments for COBRA premium assistance payments. 13. Any other adjustments or credits that apply to the employer's tax liability for the quarter. It's important to note that the 941 form must be filed quarterly by employers who withhold federal income tax, Social Security tax, or Medicare tax from employee paychecks, or if they have a liability for uncollected Social Security and Medicare or additional Medicare taxes on tips.

What is the penalty for the late filing of 941 form?

The penalty for the late filing of Form 941, which is the employer's quarterly federal tax return, can vary depending on the amount of time the form is late and the size of the business. As of 2021, the penalties are as follows: 1. Filing Within 30 Days: If you file the form within 30 days after the due date, the penalty is $50 per return or 2% of the total tax amount due, whichever is lower. 2. Filing More Than 30 Days Late but Before August 1st: If you file more than 30 days late but before August 1st, the penalty increases to $110 per return or 2% of the total tax amount due, whichever is lower. 3. Filing on or After August 1st: If you file on or after August 1st or do not file at all, the penalty jumps to $270 per return or 2% of the total tax amount due, whichever is lower. It is important to note that if your business knowingly fails to file the Form 941, a penalty of 5% per month (up to a maximum of 25%) can be assessed on the unpaid tax amount. Additionally, late payment penalties and interest charges may also apply if the taxes owed are not paid on time.

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