Quick Search Results

    Not finding your answer?

    View More Results
    Top

    How to create federal Form 941

    Article ID: 2000060

    Overview

    Federal Form 941, the employer's quarterly federal tax return, is a tax form for reporting the following:

    • Employee wages you have paid
    • Tips your employees have received
    • Federal income tax you withheld
    • Both the employer's and the employee's share of Social Security and Medicare taxes
    • Current quarter's adjustments to Social Security and Medicare taxes for fractions of cents, sick pay, tips, and group term-life insurance
    • Prior quarter's adjustments to payroll taxes

    Assumptions

    You have an active Standard or Enhanced payroll subscription. If you have an Assisted payroll subscription, Intuit prepares and files this return for you.

    Details

    Do not use Form 941 to report backup withholding or income tax withholding for non-payroll payments such as pensions, annuities, and gambling winnings. Report these types of withholding on Form 945 (Annual Return of Withheld Federal Income Tax).

    Form 941 is filed quarterly on a calendar-year basis. This form is due on the end of the month following the end of each quarter (1st quarter 4/30, 2nd quarter 7/31, 3rd quarter 10/31, and 4th quarter 01/31 of the following year).

    To create Form 941 and Schedule B in QuickBooks 2013 and earlier:

    1. Choose Employees > Process Payroll Forms.
    2. Choose Federal Forms > Quarterly Form 941/Schedule B.
    3. Select the appropriate quarter. Click OK.

    To create Form 941 and Schedule B in QuickBooks 2014:
    1. In the File Forms section, select Quarterly Form 941/Sch. B - Employer's Quarteryly Federal Tax Return.
    2. Click File Form.
    3. Review the SELECT FILING PERIOD quarter, and update if necessary.
    4. Click OK.

    For more details about preparing Form 941, refer to the instructions in knowledgebase article Prepare and print Form 941, Schedule B, and Form 940. These instructions are also for printing year-end forms.

    Comments can not be added at this time.

    Top Answers

    Resources

    Most Used Forms

    Find and download individual and federal forms required for your business.

    Payroll Tax Support

    Stay in compliance, ensure you're up to date on all necessary tax agency information from Federal to State agency

    ViewMyPaycheck

    Give employees 24/7 access to payroll information they need.