Form 941 is due on which day of the month?

Form 941 is due on which day of the month?

• A. 15th
• B. Last day of the quarter
• C. First day of the month
• D. Last day of the month of the quarter

Answer: (D)

Form 941, which is the Employer's Quarterly Federal Tax Return, must be filed each quarter by employers who withhold payroll taxes. The deadline for submitting this form is the last day of the month following the end of each quarter. Specifically, for the first quarter (January through March), the due date is April 30; for the second quarter (April through June), it is July 31; for the third quarter (July through September), it is October 31; and for the fourth quarter (October through December), it is January 31 of the following year. This aligns with the correct answer of the last day of the month of the quarter. Understanding this due date is crucial for employers to ensure compliance with federal tax regulations and to avoid penalties for late filing. Meeting the deadline helps maintain accurate records and proper financial management of payroll tax responsibilities.

Form 941, which is the Employer's Quarterly Federal Tax Return, must be filed each quarter by employers who withhold payroll taxes. The deadline for submitting this form is the last day of the month following the end of each quarter. Specifically, for the first quarter (January through March), the due date is April 30; for the second quarter (April through June), it is July 31; for the third quarter (July through September), it is October 31; and for the fourth quarter (October through December), it is January 31 of the following year. This aligns with the correct answer of the last day of the month of the quarter.

Understanding this due date is crucial for employers to ensure compliance with federal tax regulations and to avoid penalties for late filing. Meeting the deadline helps maintain accurate records and proper financial management of payroll tax responsibilities.