7300 Payroll Guide 7342 Federal Form 941 Employers

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7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return A. The

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return A. The Purpose of This Policy Form 941, Employer's Quarterly Federal Tax Return, is for reconciling federal payroll tax deposits made during each quarter. These taxes include Social Security, Medicare and federal income tax. Federal unemployment tax is not reconciled on this form. For Nevada, Form 941 is the counterpart to the Nevada Form DE 3 DP, Quarterly Contribution Return. Continue ► FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc.

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return B. Responsibility

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return B. Responsibility The payroll service is responsible for submitting Form 941 quarterly to the Internal Revenue Service. The form is due by the last day of the month following each calendar quarter. Following is a schedule of due dates: Table 7342. Due January 31 April 30 July 31 October 31 FORM 941 DUE DATES For the Quarter Ending December 31 March 31 June 30 September 30 Continue ► FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc. 2

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return C. Procedures

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return C. Procedures for Form 941 If the payroll service is not preparing the Form 941, the Hotel general manager or office manager completes and signs Form 941 following the instructions on the form and in the pamphlet Instructions for Form 941. Complete Schedule B, if required. Prepare the payment, if any is required. (You may make a payment with a Form 941 for tax liability up to $500 combined FIT and FICA. ) Keep a copy of the completed form(s) for our Company records. Send the complete Form 941 to the address shown on the instructions. Continue ► FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc.

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return D. Tax

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return D. Tax Law Changes Tax laws change frequently, so check with the Internal Revenue Service and review its bulletins regularly. End FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc.

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return FINANCIAL MANAGEMENT

7300. Payroll Guide, 7342 Federal Form 941, Employer’s Quarterly Federal Tax Return FINANCIAL MANAGEMENT GUIDE © Marin Management, Inc.