Employment Taxes
- Withholding Taxes
- Social Security and Medicare Taxes
- Employer's Payroll Tax Liability
- State Employment Taxes
- Depositing Payroll Taxes
- Accuracy of Deposit Rule
- Employment Tax Payments With Return
- Federal Unemployment Tax (FUTA)
- Advance Earned Income Credit Payments
- Non-Employee Withholding Taxes
- Reporting Employment Taxes
- Household Employees
- Employment Tax Deposit Penalties
- Trust Fund Recovery Penalty
- Delinquent Employment Taxes
- Using a Payroll Service
More Tax Topics
- Business Structures
- Start-up Costs
- Depreciation
- Car Expenses
- Home Office Deduction
- Travel Expenses
- Hiring Workers
- Meals and Entertainment
- Retirement
- Top Tax Myths
- Per Diem Rates - IRS Publication 1542 Oct 2011 for Travel Within the Continental U.S (for employers who pay a per diem allowance to employees)
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Reporting Employment Taxes
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Employment Tax Returns Explained
Form 941, Employer's Quarterly Federal Tax Return:
Form 941 is used to report:
- Federal income taxes, social security and Medicare taxes withheld plus
- The employer's share of social security and Medicare taxes, plus
- Employment tax deposits made for the quarter.
Form 941 is due by the end of the month following the last month of each quarter.
You can mail Form 941 or file Form 941 electronically through an authorized third party transmitter using the IRS 941 online filing program.
Go to www.irs.gov/efile for more information (e.g., list of e-file for business partners who offer 941 online filing and e-file for business providers
Form 941 Due Dates:
- April 30
- July 31
- October 31
- January 31
Annual Returns:
- Form 940, Employer's Annual Federal Unemployment (FUTA) Tax:
- FUTA is strictly an employer paid tax; employees do not pay it.
- Form 940 is filed annually. It may be file electronically.
- Form 944, Employer's Annual Federal Tax Return:
- Do not file Form 944 unless you were notified by the IRS in writing to do so.
- If you file Form 941 (most employers do) you do not file Form 944.
Zero Wage Return
If you have not filed a final Form 941 or Form 944, or are not a seasonal employer, you must continue to file a Form 941 or Form 944 even for periods during which you paid no wages.
The IRS encourages you to file your Zero Wage Forms 941 or 944 electronically using IRS e-file at www.irs.gov.
Next:
Reporting Employment Taxes: Employment Tax Returns Explained-Continued
Related Links
- What Are Payroll Withholding Taxes
- Who Pays Social Security and Medicare Taxes?
- Social Security and Medicare Tax Rates
- Wage Base for Social Security Taxes
- Employer's Liability for Employment Taxes
- State Income Taxes
- State Unemployment Taxes (SUTA)
- Employer's SUTA Experience Rate
- Unemployment Insurance Claims
- Depositing Employment-Related Taxes
- Nonpayroll Tax Deposits
- When to Deposit Employment Taxes
- When To Determine Your Employment Tax Deposit Schedule
- How to Determine Your Employment Tax Deposit Schedule
- How to Deposit Employment Taxes
- When an Insufficient Employment Tax Deposit May Not Cause a Penalty
- Payment of Employment Taxes With Form 941 (or Form 944)
- Who Pays Federal Unemployment Taxes (FUTA)?
- FUTA Tax Deposits
- When You Can Pay FUTA Taxes Annually With Form 940
- Payments Exempt from FUTA Tax
- What Are Advance Earned Income Credit Payments?
- Withholding Taxes and Advance Earned Income Credit Payments
- Advance Earned Income Credit Payments Treated as Tax Deposits
- Reporting Advance Earned Income Payments
- Taxes Withheld From Income Distributions Not Related to Employment
- Depositing Payroll Taxes versus Reporting Payroll Taxes
- Employment Tax Forms
- Schedule H, Household Employment Taxes
- Taxes Reported on Schedule H
- Schedule H and Form 1040
- Filing Extension and Schedule H
- Filing Schedule H When You're Not Required to File a Tax Return
- Federal Income Taxes for Household Employees
- IRS Employment Tax Penalty Refund Offer
- Employment Tax Deposit Penalties
- Order in Which Employment Tax Deposits Are Applied
- What Are Trust Fund Taxes?
- How the Trust Fund Recovery Penalty is Assessed
- Who is Responsible For the Trust Fund Recovery Penalty?
- What Should You Pay First-Debts to Business Creditors or Taxes?
- Paying Past Due Taxes
- Advantages of Using a Payroll Service
- Your Role When Using a Payroll Service
- What a Payroll Service Does
- State New Hire Registry
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