Irs Form 941
/ˌaɪˌɑːrˈɛs fɔːrm ˈnaɪnti fɔːr wʌn/
Definitions
- (n.) A quarterly tax form filed with the Internal Revenue Service (IRS) by employers reporting income taxes, Social Security tax, and Medicare tax withheld from employees' paychecks.
The company submitted its IRS Form 941 for the second quarter to report payroll taxes withheld.
Forms
- irs form 941
Related terms
See also
Commentary
IRS Form 941 must be filed quarterly by most employers; accurate reporting is crucial to avoid penalties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.