In this video presentation I'm going to show you how to fill out a form 941 so the form 941 is used to report all FICA taxes and our federal income taxes to the IRS so that's our social security our Medicare and our federal income taxes so what I'm going to do is I'm going to use this exercise that's actually available for to you and Angel and we're gonna use this to demonstrate how to fill out a form 941 so in here we've got John Granatelli Granatelli motors pays his employees monthly the following payroll information is for the first quarter of the year so for January February and March assume that the company is a monthly depositor ok so here I've already calculated their wages for January February and March notice that no one has already met the cap ok for oasdi and then we've got I've already given you calculated the OASDI the age I and the federal income tax these are all the employees withholdings and then I've also got the employers portion of oasdi and H I here calculated I've given you the address and telephone number for the company I've given you their AI in number and I've told you that the number of employees on March 12th was 26 so the first thing we're going to do is complete the form 941 for the first quarter of the year alright so let's go back to our 941 and if you have that sheet of paper beside you I'd probably print it out well while I go through this so that you'll see where I'm pulling these numbers from so the first thing we're going to do of course is put in our iin number so it goes here and then we're...
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How to fill 2023 IRS 941 Form: What You Should Know
I, [Print name and address on here. Copy and paste the form number where your employer name is located. If you don't have a form number, call the Internal Revenue Service at and ask to see if you can get in touch with the local office. 2. I [Print name and address on here. Copy and paste the form number where your employer's name or business' name is located. If you don't have a form number, call the Internal Revenue Service at and ask to see if you can get in touch with the local office. 3. I understand that a Form W-2, Wage and Tax Statement, or Form W-2c, Electronic Data Interchange Report of Employer's Supplemental Tax Statement must be filed with my Form 941, or that a check should be made payable to the Internal Revenue Service and mailed to the address shown in line “H” on the form or in line “L” or “J” of Schedule H, Form 941 (or Schedule H-1, Form W-4, Wage and Tax Statement) if the check is mailed to me. 4. I understand that my employer has a responsibility to report the wages of employees and the tax withheld from their pay, including all taxes due from them. 5. Furthermore, I understand that I have a responsibility to verify the accuracy of the information provided on my Form 941, or form W-1. 6. Furthermore, I understand that I have a responsibility to use the information provided with Form 941 to update my federal income tax return, tax withholding requirements for the tax year, and to report to the Internal Revenue Service when I have a change of address. Furthermore, I also understand that I may need to update, amend, or correct my federal tax return to reflect any change to information reported on Form 941. 7. Furthermore, I understand that I have the right to obtain a copy of any report filed on behalf of me by the employers or other reporting organizations, and that if I do not receive a copy within 30 days of mailing the report, I may request a copy from the reporting organization. 8.
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