About Form 941, Employer's Quarterly Federal Tax Return | Internal Revenue Service
Summary: Form 941 is the Employer's Quarterly Federal Tax Return used to report federal income tax, social security tax, and Medicare tax withheld from employee wages, as well as the employer's share of social security and Medicare taxes.
Form 941 (Rev. March 2026) is the official IRS document used by employers to report quarterly federal tax obligations. It covers federal income tax withholding, social security, and Medicare taxes. The form requires employers to provide details on wages, tips, and other compensation, calculate tax liabilities, and report adjustments. It also includes a payment voucher (Form 941-V) for those paying by check or money order, though electronic payment via EFTPS or IRS Direct Pay is preferred. The document includes sections for deposit schedules, business information, and a declaration of accuracy signed under penalty of perjury.
Document outline
1. Part 1: Tax questions for the quarter (Wages, tips, withholding, social security/Medicare taxes, adjustments, and credits) 2. Part 2: Deposit schedule and tax liability (Monthly vs. semiweekly schedule) 3. Part 3: Business information (Closed business or seasonal employer status) 4. Part 4: Third-party designee authorization 5. Part 5: Signature and declaration 6. Form 941-V: Payment Voucher for check or money order payments