124941 -
: While the form is quarterly, tax deposits are typically made monthly or semi-weekly depending on your total tax liability. Common Adjustments & Errors
: If you discover an error after filing, use Form 941-X to amend the return. 124941
: Ensure totals match your internal payroll records; common discrepancies often arise from tax responsibility reports vs. actual filings. Submission Methods : While the form is quarterly, tax deposits
The 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 and to pay their portion of Social Security or Medicare tax. Filing Schedule Q1 (Jan–Mar): Due April 30. Q2 (Apr–Jun): Due July 31. Q3 (Jul–Sep): Due October 31. Q4 (Oct–Dec): Due January 31. Key Requirements actual filings
: You must file a report for every quarter, even if you had no taxes to report, unless you are a seasonal employer or have filed a final return.
: Total wages paid, tips reported by employees, federal income tax withheld, and both the employer and employee shares of Social Security and Medicare taxes.
: The IRS strongly recommends electronic filing for faster processing and immediate confirmation.