When is Form 941 due for employers?

Form 941 is an important tax form that employers use to report income taxes, Social Security tax, and Medicare tax withheld from employee wages, as well as to pay the employer’s portion of Social Security and Medicare taxes. The due date for filing Form 941 is established to ensure that the Internal Revenue Service (IRS) receives accurate information regarding employment taxes in a timely manner.

The correct answer indicates that Form 941 is due on or before the 15th day of the month following the end of a quarter. Specifically, this means that for the first quarter (January to March), the form is due by April 15; for the second quarter (April to June), it is due by July 15; for the third quarter (July to September), it is due by October 15; and for the fourth quarter (October to December), it is due by January 31 of the following year. This timeframe allows the IRS to process the forms and payments associated with those periods efficiently.

In contrast to this correct answer, other options suggest timelines that do not align with IRS guidelines. For instance, the 5th day and the last day of the quarter do not correspond with the established due dates for Form 941, and the 1