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IRS Redesigns Form 941
The Internal Revenue Service recently unveiled the redesign of Form 941, Employer’s Quarterly Federal Tax Return.
The redesigned form features an improved layout, plain language instructions, simplified deposit reporting and paid preparer identification. The form is also scannable, which the IRS expects will reduce transcription errors.
“… The IRS wants to simplify its forms,” said IRS Commissioner Mark W. Everson. “The new Form 941 will help achieve that.”
Form 941 is used to report wages, tips and other compensation paid, as well as Social Security, Medicare and income taxes collected.
IRS Unveils Redesigned Employment Tax Return
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