This is the second post in the Employment Tax Law series. This series is dedicated to presenting individuals, sole proprietorships, and small to large businesses with a basic understanding of employment taxes, including the risks and responsibilities associated with those taxes.
After a taxpayer files its first Form 941, it MUST continue to file quarterly returns, even if the taxpayer does not have any taxes to report, until it has filed a final return, or it meets one of the following exceptions:
2. Employers of household employees. Please see Section 12 of Pub. 926, Household Employer’s Tax Guide, and Schedule H, Household Employment Taxes, for more information.
3. Employers of farm employees. Please see Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees and Pub. 51.
2. Second Quarter. Includes April, May, and June. Ends June 30. Form 941 is due by July 31.
3. Third Quarter. Includes July, August, and September. Ends September 30. Form 941 is due by October 31.
4. Fourth Quarter. Includes October, November, and December. Ends December 31. Form 941 is due by January 31.