A Quarterly Federal Tax Return is a report employers file with the IRS, typically Form 941, to report withheld income taxes, Social Security, and Medicare for employees.
- What is a quarterly federal tax return?
Answer: It is a report (e.g., Form 941) of withheld taxes filed with the IRS. - What does it include?
Answer: It includes income tax, Social Security, and Medicare withholdings. - When is it due?
Answer: It is due April 30, July 31, October 31, and January 31. - Who files it?
Answer: Employers with employees file it. - What role does HR play?
Answer: HR provides payroll data for filing.
