The quarterly federal tax return is a payroll tax that every employer is required to submit to the IRS four times a year using IRS Form 941. The taxes submitted include the following withheld taxes for each employee:

• Federal income
• Social security
• Treatment

How do I pay the employer's quarterly federal tax return?

The employer's quarterly federal tax return must be paid with monthly or semi-weekly deposits. This  is done electronically using the IRS EFTPS system. Then, at the end of the quarter, Form 941   must be submitted electronically using  authorized e-file options .

To determine how much tax was overpaid or underpaid at the end of the quarter, complete these calculations for Form 941:

• Number of employees
• Total salary for the quarter
• Total amount withheld from employees' wages for the quarter
• Taxable Social Security and Medicare wages for the quarter
• Total Social Security and Medicare wages for the quarter
• Adjustments for sick allowances, tips and group term life insurance

If the total taxes withheld and the total  federal tax deposits during the quarter  equal zero, no payment is due. If there is a negative difference, a payment must be made.

What is the last date for submission of 941?

Form 941 deposits are due at the end of the month following the end of the quarter:

• The first quarter  is from January 1 to March 31. The due date for the first quarter is April 30.
• The second quarter  is from April 1 to June 30. The due date for the second quarter is July 31.
• The third quarter  is from July 1 to September 30. The due date for the third quarter is October 31.
• The fourth quarter  is from October 1 to December 31. The due date for the fourth quarter is January 31.

If the due date falls on a weekend or holiday, the due date will be the next business day. *10-day extension*

If the employer has made payroll tax deposits in full on time, a 10-day extension is granted to file Form 941.

Where do I send 941 quarterly federal tax return?

Where the 941 quarterly federal tax return should be sent depends on three things:

1. Which quarter are you presenting
2. Where are you located
3. If you are sending a return with or without payment

 See Mailing Addresses for Form 941 Quarterly Federal Tax Return  .

Do I have to file Form 941 if no wages were paid?

Most employers are required to file Form 941, even if no wages are paid. However, there are some  exceptions  , including employers of seasonal employees, household employees, or farm employees. However, other IRS forms may be required.

Additionally, if an employer receives notification to file Form 944 annually, it is not required to file Form 941 on a quarterly basis.

Is it mandatory for a church to file Form 941?

No. Generally, a church is not required to file Form 941. The following church-related organizations are also  exempt from filing the form  :

• an inter-church organization of local units of a church
• a conference or association of churches
• Integrated auxiliary of a church
• A church-affiliated organization specifically engaged in wealth management or maintaining retirement programs
• A school below college level that is affiliated with a church or run by a religious order
• Church-affiliated mission societies if more than half of their activities operate in foreign countries or are focused on foreign peoples
• Exclusively religious activity of any religious order

What is the difference between a 940 and 941 form?

Form 941  is used by employers to report income and FICA taxes payable on a quarterly basis to the IRS.

Form 940 is  used by employers  to report federal unemployment (  FUTA) taxes payable annually to the IRS.

What is a quarterly federal excise tax return?

The quarterly federal excise tax return is for employers who sell or manufacture goods or services for which the federal government imposes an excise tax. The tax is usually included in the price of the good or service, requiring the seller or manufacturer to remit the tax to the federal government and   file Form 720 .

The list of goods and services to which  excise duty  applies is very wide, but it includes the following:

• Motor fuel
• Airline Tickets
• Tobacco and alcohol
• Health insurance
• prescription drugs
• Medical Equipment
• Indoor tanning services