Get Instructions For Form 941 (rev. January 2015). Instructions For Form 941, Employer's Quarterly

Filling out Form 941 can be a straightforward process if you understand the structure and requirements involved. This guide provides comprehensive instructions to facilitate your completion of the Form 941, ensuring you efficiently report employment taxes to the IRS.

Follow the steps to fill out the Instructions For Form 941 successfully.

1. Press the ‘Get Form’ button to access the form and open it in your chosen digital editor.
2. At the top of Form 941, locate ‘Report for this Quarter of 2015’ and check the appropriate box for the quarter you are filing.
3. Type or write your Employer Identification Number (EIN), name, and address in the spaces provided on the form. Ensure consistency with the IRS assigned information.
4. Enter the number of employees who received wages, tips, or other compensation during the quarter on line 1.
5. Fill out line 2 with total wages, tips, and other compensation paid to employees. This amount corresponds to the income reported on employees' Forms W-2.
6. Input the federal income tax withheld from wages in line 3, ensuring accuracy to avoid penalties.
7. Proceed to lines 5a through 5e to accurately report social security and Medicare wages and tips, being mindful of the specific definitions for taxable amounts.
8. If applicable, complete lines 7 through 9 for tax adjustments, making sure to note any decreases to the tax liability with a minus sign.
9. On lines 11 and 12, calculate total deposits and any balance due, providing accurate figures to avoid penalties.
10. Finally, review all provided information for completeness and accuracy. Ensure you have signed the form on page 2 prior to submission.
11. Once completed, submit the form electronically if possible, and consider saving changes or printing a copy for your records.

Complete your documents online to streamline your filing process and minimize errors.