Noun: The 941 form, in the 2021 pdf format, is an Employer’s Quarterly Federal Tax Return document. Businesses use this form to report federal income tax, social security tax, and Medicare tax payments.
Businesses subject to the 941 form include those with employees and/or those who pay contract workers. Adhering to deadlines for this form and filing it accurately is essential to avoid penalties. Historically, the 941 form was solely a paper document, but the 2021 pdf version offers online accessibility and facilitates the digital submission process.
