What are all the quarterly payroll obligations of an employer?
1.4k views | Last modified 10/8/2020 10:30:38 AM EST | Added by 123PayStubs Team

Employers in the United States have a few quarterly payroll obligations. One of the important things is filing Form 941, Employer's QUARTERLY Federal Tax Return, with the IRS. 

Form 941 is filed to mainly report the federal income tax withheld from employee wages and employee and employer portion of social security and Medicare (FICA) taxes. This information can be found on employee pay stubs. Or, you may simply refer to the year-to-date (YTD) in the quarter’s last pay stub.

Form 941 must be filed without fail on the last day of the following month after the end of the quarter. If the due date falls on a weekday or federal holiday, the return can be filed on the next business day. For Quarter 3, 2020, the deadline to file Form 941 is November 02, 2020. 

Form 941 has been revised for quarter 2, 2020, due to the COVID-19 pandemic, and the IRS has once more revised the form for quarter 3, 2020. You can check out the changes in Form 941 and file the updated form easily at an affordable price with ExpressEfile, our sister product.