Form 941 is a simple tax form that every employer must file by the end of every quarter. It is easy to file and similar to the federal income tax return form. So you shouldn’t have any trouble with filing it even if it is your first time.
The Employer’s Quarterly Federal Tax Return Form 941 asks you to detail information about wages, tips, or any other compensation as part of the employment relationship paid to employees. Form 941 also details the total taxes withheld from employee’s pay.
If you don’t have employees working for you, it is still required that you complete a Form 941. Because the form includes information on the employer’s tax situation. Whether the purpose of Form 941 truly applies to you or not, all employers must complete it by the end of each quarter.
The due date of filing Form 941 for each quarter can be seen in the following table.
|1st – January – February – March||March 31|
|2nd – April – May – June||June 30|
|3rd – July – August- September||September 30|
|4th – October – November – December||December 31|
Employers can start filing their federal tax returns for the quarter by the start of the last month of that quarter in which they are filing their taxes. Once Form 941 is completed, you can then mail it.
The mailing address is going to be different depending on the state you reside in and whether you will mail it with payment or not. The mailing addresses for Form 941 can be found here.
If there are any adjustments that you need to make on your Form 941, you must use Form 941-X later on. Form 941-X can also be used for claiming a refund on your quarterly tax return.